Home World News Mukesh Ambani Loses Over 160,000,000 in Just 24 Hours

Mukesh Ambani Loses Over 160,000,000 in Just 24 Hours

Global market turbulence and investor concerns over Reliance's key sectors contribute to Ambani’s significant financial setback.

by Muhammad Arham
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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.

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