Shares of Reliance Industries have been falling since July, with a decline of over 7% this month alone. This also impacted Mukesh Ambani’s wealth, which has dropped to USD 893 million on Monday
This drop has significantly impacted the net worth of the company’s chairman, Mukesh Ambani. According to the Bloomberg Billionaires Index, Ambani’s net worth dropped by USD 893 million on Monday, bringing it to $96.2 billion. This year, his net worth has declined by USD aaaaaaaaaaaaa135 million, marking the first time his earnings have gone negative. Among the world’s top 20 richest individuals, only three have seen a net worth decline this year. French businessman Bernard Arnault lost $36 billion, while Mexico’s Carlos Slim lost $22.1 billion.
Seems like billionaire Mukesh Ambani’s luck is not supporting him for the past few months as shares of India’s most valuable company – Reliance Industries – have been going down since July this year. This month the company reported a decline of over seven percent. This drop has significantly impacted the net worth of Ambani. As per Bloomberg Billionaires Index, Ambani’s net worth dropped by USD 893 million on Monday, bringing it to USD 96.2 billion, approx. Rs 81,17,12,99,30,000.00.
Mukesh Ambani’s Earnings Have Declined
It is worth noting, this year, Ambani’s wealth has declined by USD135 million, approx. 11,39,09,82,385.50, marking the first time his earnings have gone negative. Notably, among the world’s top 20 richest persons, only three have witnessed wealth decline this year. French businessman Bernard Arnault lost USD36 billion, while Mexico’s Carlos Slim lost USD22.1 billion.
Mukesh Ambani’s Earnings Have Declined
The Reliance Chairman’s rank in the richest persons list has fell to 17th and remains Asia’s richest person. On Monday, Reliance’s share closed flat at Rs 1,273.10, with a 52-week high of Rs 1,608.95 and a low of Rs 1,155.83.
The shares are falling since the company’s September quarterly results, showing a 5 percent drop in net profit to Rs 16,563 crore.
Meanwhile, Adani Group’s chairman, Gautam Adani, ranks 18th globally with a net worth of USD 90.7 billion. His wealth declined by USD1.58 billion on Monday but has seen a USD6.41 billion increase this year.
Top 10 Billionaires
- Elon Musk’s net worth increased by $20.8 billion, bringing his total to $335 billion.
- Musk’s wealth growth this year has surpassed $105 billion, reinforcing his status as the richest person in the world.
- Jeff Bezos ranks second with a net worth of $228 billion, while Mark Zuckerberg is third with $206 billion.
- Larry Ellison and Bernard Arnault occupy the fourth and fifth positions with $204 billion and $172 billion, respectively.
- Bill Gates and Larry Page both have a net worth of $162 billion, with Sergey Brin at $152 billion and Warren Buffett at $147 billion.