Mukesh Ambani and Gautam Adani in BIG trouble as their net worth continues to decline, both billionaires are OUT of… reason is…

As per the Bloomberg Billionaires Index data, the net worth of Reliance Industries chairman dropped by USD 1.21 billion (Rs 10,500 crore) in a single day.

New Delhi: Indian billionaires Mukesh Ambani and Gautam Adani have been witnessing a constant decline in their net worth for some time now. To recall, both of these business magnates were ranked among the world’s top 10 richest individuals. Today, only Mukesh Ambani is in the world’s top 20 richest individuals list. Even Mukesh Ambani is currently out of the USD 100 billion club.

According to the reports, the main reason behind the decline in the net worth of these billionaires is the downturn in the stock market. The Indian stock market has fallen significantly from its peak. With the dip of the share prices of the companies, the net worth of these billionaires is also coming down.

Meanwhile, Elon Musk remains the world’s richest person with a net worth of USD 351 billion. Notably, his net worth has also declined by USD81.4 billion so far this year.

Ambani’s Net Worth Drops by Rs 10,500 Crore in a Single Day

As per the Bloomberg Billionaires Index data, the net worth of Reliance Industries chairman dropped by USD 1.21 billion (Rs 10,500 crore) in a single day. With this decline, Mukesh Ambani’s net worth now stands at USD 83.8 billion. So far this year, his net worth has decreased by USD 6.81 billion. In the list of the world’s richest people, Mukesh Ambani has slipped to the 17th position.

Gautam Adani’s Net Worth Also Declines

Adani Group Chairman Gautam Adani’s net worth has also dropped massively. In a single day, his net worth fell by USD 1.79 billion, equivalent to Rs 15,600 crore. As a result, Adani’s net worth now stands at USD 63 billion. So far this year, his net worth has declined by USD 15.7 billion. He is currently ranked 22nd on the list of the world’s richest people.