New Delhi: India and Asia’s wealthiest industrialist, Mukesh Ambani, has slipped out of the coveted $100 billion net worth club, following a sharp decline in Reliance Industries Ltd (RIL) shares. According to the Bloomberg Billionaires Index, Ambani’s net worth now stands at $99.6 billion.
This year alone, he has lost $8.12 billion (₹7,31,66,64,04,000), largely due to the recent fall in RIL stock prices. On Tuesday, the company’s share dropped over 1%, eroding another $2.07 billion from Ambani’s net worth. He currently ranks 18th on the global billionaires list.
Global Comparison:
In terms of wealth lost this year, Ambani ranks second, behind Mark Zuckerberg, CEO of Meta Platforms, whose net worth fell $9.84 billion. Zuckerberg remains 6th globally with $223 billion. Topping the list is Elon Musk, whose fortune has surged $20.9 billion this year, taking his net worth to $640 billion.
Top 10 Billionaires Globally:
- Elon Musk – $640B
- Larry Page – $287B
- Sergey Brin – $267B
- Jeff Bezos – $264B
- Larry Ellison – $255B
- Mark Zuckerberg – $223B
- Bernard Arnault – $207B
- Steve Ballmer – $164B
- Jensen Huang – $154B
- Warren Buffett – $149B
India’s Gautam Adani holds 21st position with a net worth of $81 billion.
This dramatic drop in Ambani’s fortune underscores the volatility in stock markets and the impact of share price movements on billionaire rankings, even for industry giants like Reliance Industries.
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