Big drop in Mukesh Ambani’s wealth, out of $100 billion club

Mukesh Ambani’s wealth: This week has not been good for the top industrialists of the country. There has been a huge decline in the wealth of India’s billionaires Gautam Adani and Mukesh Ambani. Because of this, they have come down in the Billionaires Index. Mukesh Ambani is also out of the $100 billion club.

According to the Bloomberg Billionaires Index, Gautam Adani’s wealth has declined by $527 million. His total net worth is $108 billion. Whereas, Mukesh Ambani’s wealth has decreased by $ 1.15 billion. His total net worth is $89.5 billion.
Due to this decline, the economic ranking of both the top industrialists has also fallen. Gautam Adani has dropped from fifth place to sixth, while Mukesh Ambani has dropped from ninth place to tenth.

Also read: Gautam Adani snatches Asia’s richest billionaire crown from Mukesh Ambani

The business of Mukesh Ambani(Mukesh Ambani’s wealth), the richest Indian person, is spread in many sectors from oil to retail. He continues to grow in his business. Once he wanted to make the country’s largest private bank ‘The Bank of Ambani’, but due to some reason his dream could not be fulfilled.

The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Details about the calculation are provided in the net worth analysis on each billionaire’s profile page. Figures are updated at the end of every business day in New York.

List of billionaires in Bloomberg rankings
Earlier in March, Mukesh Ambani was included in the top ten rich people of the world. He was the only Indian to reach there. But after the fall in the stock market after the Russia-Ukraine crisis, his assets also saw a decline. Due to this, Mukesh Ambani(Mukesh Ambani’s wealth) is now out of the $100 billion club as well.

List of billionaires in Bloomberg rankings

Elon Musk’s name is at the top of the world’s richest industrialists with $216 billion. While Jeff Bezos is second with $129 billion. Gautam Adani is also at number six above Mukesh Ambani in the list. Three industrialists Larry Page, Sergey Brin and Steve Ballmer are included between Gautam Adani and Mukesh Ambani.

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