Indian tycoon Mukesh Ambani experienced a significant financial blow, losing approximately ₹160 billion (around $2 billion) within just 24 hours.
Reports from Indian news, indicate that the stock market faced turbulence, resulting in a 2% decline in the shares of Reliance Industries, which Ambani oversees.
This downturn not only impacted the company’s market valuation but also affected Mukesh Ambani standing on the Bloomberg Billionaires Index.
He has now fallen to the 15th position, with his wealth estimated at $102 billion.
Just days prior to this decline, it was reported that Ambani and his family had acquired a new luxury Boeing 737 private jet, priced at approximately $150 million.
This customized aircraft, which accommodates 230 passengers, was tailored in Switzerland with opulent interior fittings.
Additionally, the Ambani family recently gifted themselves a new Rolls Royce Cullinan SUV, valued at $1.3 million.
In contrast, Gautam Adani, chairman of the Adani Group, saw his wealth rise by $266 million, bringing his total net worth to $99.2 billion and placing him 18th globally among billionaires.
Meanwhile, Elon Musk continues to hold the title of the world’s richest individual, with a net worth of $241 billion, followed closely by Amazon founder Jeff Bezos, whose wealth is estimated at $211 billion.
Bernard Arnault, on the other hand, experienced a substantial drop in his wealth, losing $3.46 billion, which has relegated him to the 5th spot on the billionaire list with a total net worth of $182 billion.
