Ambani-Adani Net Worth / Ambani and Adani are out of the $100 billion club, this is the reason

Ambani-Adani Net Worth: A shocking news has come out about India's richest and world-renowned industrialists Mukesh Ambani and Gautam Adani. These two big giants of Asia have recently lost their place from the global $ 100 billion (about Rs 8.49 lakh crore) club. According to a Bloomberg report, their wealth has declined drastically due to business challenges and increasing pressures. This event is an important signal not only for the Indian economic world but also for global investors.

Mukesh Ambani: Why did the wealth decrease?

Reliance Industries Chairman Mukesh Ambani, who has long been recognized as Asia's richest man, saw a major decline in his net worth during 2024. His net worth was $120.8 billion (more than Rs 10 lakh crore) in July 2024, which has now come down to $96.7 billion (about Rs 8.21 lakh crore).

The main reasons behind this:

Performance of retail and energy divisions: Reliance's retail and energy sectors did not progress as expected, which increased investor concern.

Rising debt: The company's rising debt figures also weakened investor confidence.

Global competition: Reliance is facing increasing competition from many big companies in India and internationally.

Apart from this, the need for change is also being felt in the personal spending and investment strategy of the Ambani family. For example, the lavish wedding of his son Anant in July, which made media headlines, has also been linked by many financial analysts in the context of the company's investment decisions.

Gautam Adani: Facing serious crisis

On the other hand, the situation has proved even more challenging for Gautam Adani, chairman of the Adani Group. His wealth fell from $122.3 billion (about Rs 10 lakh crore) in June 2024 to $82.1 billion (about Rs 7 lakh crore) as of November.

Main reasons:

US Justice Department investigation: The investigation of Adani Group by the US Department of Justice (DoJ) has shaken investor confidence.

Hindenburg Research Report: The report made serious allegations of fraud and misappropriation, after which Adani Group suffered huge financial and legal setbacks.

Global trust crisis: Due to weakening investor confidence internationally, the shares of his companies fell sharply.

The changing landscape of India's billionaires

The wealth of India's top 20 billionaires has increased by a total of $67.3 billion since the beginning of 2024. Shiv Nadar ($10.8 billion) and Savitri Jindal ($10.1 billion) recorded the highest gains. In contrast, the decline in the wealth of giants like Ambani and Adani is an indication of how challenging it can be to maintain stability in the market.

India's position internationally

The Bloomberg report also points out that new challenges may emerge for Indian telecom companies. The entry of Elon Musk's Starlink and other foreign companies in India may increase pressure on the country's telecom industry.

At the same time, Walmart's Walton family tops the list of the world's richest families with a net worth of $432.4 billion. They have overtaken Elon Musk and the royal families of the Middle East.

Way forward

For big industrialists like Mukesh Ambani and Gautam Adani, this is the time to introspect and redefine their strategies. The role of these industrialists is very important for India's economy, and a decline in their wealth can have an impact not only at the individual level but also at the national and global level.

In the times to come, it will be interesting to see what steps these two industrialists take to re-establish their companies and regain the lost trust in the market.