Gautam Adani Net Worth / Ambani and Adani's wealth declined, they came down in the list of rich

Gautam Adani Net Worth: The sharp fall in the Indian stock market on Monday had a huge impact on the wealth of the country's richest industrialists. Due to this fall, the net worth of prominent industrialists, Reliance Industries Chairman Mukesh Ambani and Adani Group chief Gautam Adani decreased by billions of rupees in a single day. The Bombay Stock Exchange (BSE) index Sensex of the Indian stock market closed down 1.18 percent or 941 points at 78,782, while the National Stock Exchange (NSE) Nifty also closed down 1.27 percent or 309 points at 23,995.

Mukesh Ambani loses Rs 23,390 crore

Due to this fall on Monday, Mukesh Ambani's wealth declined by $ 2.72 billion (about Rs 23,390 crore). This reduced his total wealth to $ 98.8 billion. According to the Bloomberg Billionaires List, Ambani has now slipped to 17th place in the list of the richest people in the world. However, despite this decline, Ambani's net worth has increased by $ 2.42 billion this year.

Gautam Adani's wealth decreased by Rs 17,332 crore

Apart from Mukesh Ambani, Gautam Adani's wealth was also deeply affected by this decline. On Monday, Adani's net worth decreased by $ 2.06 billion (about Rs 17,332 crore), bringing his total wealth to $ 92.3 billion. Due to this loss, Gautam Adani has also slipped one place to 18th position in the list of the richest people in the world. However, Adani's wealth has increased by $ 8.05 billion so far this year.

Wealth of top rich people also declined globally

Not only Adani and Ambani, but the wealth of the top 5 rich in the world was also badly affected on Monday. The wealth of the world's richest person Elon Musk fell by $ 4.39 billion, while the wealth of Jeff Bezos, who is in second place, lost $ 1.94 billion. Facebook founder Mark Zuckerberg's wealth decreased by $ 2.23 billion, while Oracle founder Larry Ellison's net worth fell by $ 538 million. French industrialist Bernard Arnault, who is the fifth richest person in the world, also saw a decline of $ 353 million in his wealth.

Major reasons for market decline

The major reasons for this decline in the Indian stock market include global economic instability, fluctuations in crude oil prices, and concerns about the global economic slowdown. Apart from this, the possibility of interest rate hikes by central banks has also affected the market. The impact of foreign investors' selling and negative signals in global markets was also visible on the Indian stock market.

Future prospects

The ongoing instability and decline in the Indian stock market has caused concern among investors, but experts believe that this time can also prove to be a better opportunity from the perspective of long-term investment. Despite global and domestic challenges, the long-term prospects of the Indian economy remain strong.

The drop in the wealth of top industrialists like Ambani and Adani reflects one-day volatility, but it is likely that their net worth will recover once stability returns to the market.