The Lok Sabha results have come as a big blow to not only the country but also to two of Asia’s richest industrialists. Tuesday was a day of crisis for Gautam Adani and Mukesh Ambani. According to the data, both of them have suffered a combined loss of Rs 2.82 lakh crore. According to the Bloomberg Billionaires Index, Gautam Adani’s wealth has suffered a huge dent in a single day. He has suffered a loss of crores of rupees.
A bigger hit than the Hindenburg
After the Hindenburg Research report, there was a tsunami in the Adani Group. Their shares crashed in the market. Adani’s total wealth increased by about $25 million. Due to this decline, Adani slipped down from the list of rich. On the other hand, Mukesh Ambani’s wealth saw a decline of about $9 billion.
Record fall in Adani’s wealth!
Gautam Adani has recently overtaken Mukesh Ambani in terms of wealth. He became Asia’s richest businessman. He suffered a major setback on Tuesday. His shares saw a decline of about 6 percent. This had a direct impact on Adani’s net worth. According to the Bloomberg Billionaires Index, Adani’s wealth suffered a setback of about $25 billion i.e. Rs 2 lakh crore. Even at the time of Hindenburg’s report, such a loss had not occurred.
What is Adani’s total wealth?
According to data from the Bloomberg Billionaires Index, Adani’s total wealth has declined by $97.5 billion due to a decline in wealth. A day earlier, his wealth was more than $122 billion. Adani’s wealth was seen at the end of January 2023. On Tuesday, Adani’s fortunes fell flat. Adani is no longer Asia’s richest businessman. He also made it to the Global Rich List. According to the Bloomberg Billionaires Index, he is now the 15th richest businessman in the world instead of the 11th. He has slipped four places in the list.
Big drop in Ambani’s wealth!
Mukesh Ambani’s wealth also saw a big decline. According to the data, Mukesh Ambani’s wealth has suffered a loss of about $ 9 billion i.e. more than Rs 75 thousand crores. According to this, his wealth has come down to $ 106 billion. On an annual basis, he is still making profits. His wealth saw an increase of $ 10 billion. He has now again become Asia’s richest businessman.
