Coronavirus crisis sees Mukesh Ambani’s net worth tumbling down
Amid the raging Coronavirus crisis, economy is taking a big hit and is steamrolling the biggest companies. Mukesh Ambani held RIL’s net worth has been falling by about $300 million every day for last 2 months and a total of 28 percent due as the stock markets across the world have been on an unprecedented free fall.
Mukesh Ambani’s saw his personal wealth decline to $19 billion and bringing his global ranking down to 17th.
The crisis has not left anybody untouched. Gautam Adani of the Adani group has seen his wealth erode by 37 percent to $6 billion while HCL’S Shiv Nadar and Uday Kotak of Kotak Group’s wealth has also seen a fall of 26 percent and 28 percent respectively. All the three are no more in the top 100 list and only Mukesh Ambani has managed to stay there.
Indian stock markets are down by 25 percent in the last two months leaving the investors shell shocked.
Interestingly, while across the world the wealthiest are tumbling down the list, Chinese billionaires are among the handful gainers. China added six billionaires in the league, the Hurun Global Rich List said.
