Vikrant Shekhawat : Jan 07, 2025, 05:00 PM
Ambani-Adani News: Mukesh Ambani and Gautam Adani, among the top 20 richest people in India, whose wealth has earned a big name around the world, are facing a major financial setback these days. According to the Bloomberg Billionaires Index, the combined wealth of these two billionaires has decreased by more than Rs 52 thousand crores. The main reason for this huge decline is believed to be a new virus from China "HMPV" (Human Metapneumovirus), which has caused turmoil in the global markets.Decline in Mukesh Ambani's wealthMukesh Ambani, who is Asia's richest businessman, has seen his wealth decrease by $ 2.59 billion (about Rs 22 thousand crores) according to Bloomberg data. After this, his total net worth has reached $ 90.5 billion. In the first few days of 2025, his wealth saw a further decrease of $ 119 million (about Rs 1,000 crores). The reason for this decline is said to be the fall of more than 2 percent in the shares of Reliance Industries. Due to this, Mukesh Ambani has now become the 17th richest person in the world.Gautam Adani's net worth declinesOn the other hand, Gautam Adani's wealth has also seen a huge decline. The shares of Adani Group companies fell sharply on Monday, due to which his wealth decreased by $ 3.53 billion (about Rs 30 thousand crores). After this decline, his total net worth has come down to $ 74.5 billion. In the first few days of 2025, his wealth decreased by $ 4.21 billion.
Effect of China's virus
All this crisis has happened due to the Chinese virus HMPV, which has created fear and instability in the global markets. This virus especially affected the stock markets in Asia, while its effect was limited in America and Europe. As a result, the wealth of both Indian billionaires fell so drastically, and according to data from the Bloomberg Billionaires Index, Mukesh Ambani and Gautam Adani saw the biggest drop in wealth among the world's billionaires.A Serious WarningThis development shows that global economic conditions and events like viruses not only affect companies and countries, but can also make individual assets vulnerable. Especially when business empires are spread globally. The example of Mukesh Ambani and Gautam Adani proves that economic conditions can change suddenly, which is beyond anyone's guess.ConclusionIndia's biggest businessmen Mukesh Ambani and Gautam Adani have suffered a major blow to their wealth at this time. However, this incident is not limited to these two only, but it makes it clear that global crises, such as the Chinese virus, will have an impact on big traders and investors around the world. In such a situation, it becomes more important to monitor and maintain vigilance on the markets in the future.
Effect of China's virus
All this crisis has happened due to the Chinese virus HMPV, which has created fear and instability in the global markets. This virus especially affected the stock markets in Asia, while its effect was limited in America and Europe. As a result, the wealth of both Indian billionaires fell so drastically, and according to data from the Bloomberg Billionaires Index, Mukesh Ambani and Gautam Adani saw the biggest drop in wealth among the world's billionaires.A Serious WarningThis development shows that global economic conditions and events like viruses not only affect companies and countries, but can also make individual assets vulnerable. Especially when business empires are spread globally. The example of Mukesh Ambani and Gautam Adani proves that economic conditions can change suddenly, which is beyond anyone's guess.ConclusionIndia's biggest businessmen Mukesh Ambani and Gautam Adani have suffered a major blow to their wealth at this time. However, this incident is not limited to these two only, but it makes it clear that global crises, such as the Chinese virus, will have an impact on big traders and investors around the world. In such a situation, it becomes more important to monitor and maintain vigilance on the markets in the future.