Indian billionaire Mukesh Ambani experienced a significant setback, losing over ₹16,000 crore (approximately $2 billion) in just 24 hours.
According to Indian media reports, the Indian capital market remained volatile during the trading session, leading to a 2% decline in the share price of Reliance Industries, which Ambani chairs. This drop in the company’s stock resulted in a loss of over ₹16,000 crore in a single day.
As a result of this decline, Ambani’s position on the Bloomberg Billionaires Index was affected, causing him to drop to 15th place with a net worth of $102 billion.
Just days prior, reports indicated that Ambani and his family had acquired a Boeing 737 converted into a luxury private jet for around $150 million. This lavish aircraft has a capacity of 230 passengers and features high-end customizations completed in Switzerland. Additionally, the Ambani family recently gifted themselves a new Rolls Royce Cullinan SUV, priced at $1.3 million.
In contrast, Gautam Adani, chairperson of the Adani Group, saw a substantial increase in his net worth, adding $266 million to reach a total of $99.2 billion, moving him up to 18th place on the global billionaire list.
Tesla founder Elon Musk remains the richest person in the world, with a net worth of $241 billion, followed by Amazon founder Jeff Bezos at $211 billion. Meanwhile, Bernard Arnault experienced a notable decline in his wealth, losing $3.46 billion, which dropped him to 5th place in the billionaire rankings with a total net worth of $182 billion.
