Indian billionaire Mukesh Ambani faced a significant setback, losing over Rs. 160,000,000,000 within 24 hours due to a 2% drop in Reliance Industries’ share price amid a volatile trading session.
This decline affected his ranking on the Bloomberg Billionaires Index, dropping him to 15th place with a net worth of $102 billion. Recently, Ambani had acquired a luxury Boeing 737 private jet, costing around $150 million, and a Rolls Royce Cullinan SUV worth $1.3 million.
Meanwhile, Gautam Adani’s net worth rose by $266 million, bringing him to 18th place globally. Elon Musk remains the richest person in the world with $241 billion, followed by Jeff Bezos at $211 billion.