Corporate war 2023 Adani Ambani net worth declines drastically
Both Adani Group Chairman Gautam Adani and Mukesh Ambani are sliding down in the list of the world’s rich. Gautam Adani has now gone straight to number 29 in this list. At the same time, Mukesh Ambani has now reached number 12. The net worth of both has declined.
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Gautam Adani has suffered the most in this. Gautam Adani’s net worth is continuously decreasing. Gautam Adani has been continuously rolling down since the report of the American research firm. The shares of Adani Group are also seeing a continuous decline. Please tell that there was a huge jump in Gautam Adani’s net worth.
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During this, his net worth had reached close to 150 billion dollars and he had reached number two in the list of the world’s rich. He was the first person in Asia to achieve this position, but this year there has been a huge decline in Adani’s net worth. US short selling company Hindenburg Research had issued a negative report against Adani Group on 24 January. Since then there has been a sharp fall in the shares of the group.
Gautam Adani is continuously losing wealth. According to the media, Gautam Adani’s net worth has now reduced to $ 42.7 billion. With this, he has reached number 29 in the Bloomberg Billionaire Index. Gautam Adani has lost 14 times the wealth of Mukesh Ambani.
Both the billionaires are running at number one and two in terms of wealth loss so far this year. There was a huge decline in the shares of Adani Group on Wednesday. For this reason, there has been a decrease of $ 3.39 billion in the net worth of Gautam Adani. The Indian stock market was also declining on Wednesday. Sensex was broken 927 points. Nifty also took a dive. This further added to the losses in Adani Group’s shares which were already in decline.
Shares of Adani Group fell heavily. All 10 stocks closed in the red with losses. The fall in the market has also taken a heavy toll on Mukesh Ambani. Due to this, the shares of Reliance Industries have also suffered a lot. RIL shares closed at Rs 2377, down 2.35 per cent. Due to this Mukesh Ambani’s net worth has also declined. During this, Mukesh Ambani has lost a net worth of $1.96 billion.
Ambani has now slipped to number 12 in the Bloomberg Billionaire Index. Earlier he was at number 11. Mukesh Ambani has lost net worth of $5.65 billion so far. Now Mukesh Ambani has a wealth of $ 81.5 billion. Accordingly, Mukesh Ambani has double the wealth as compared to Gautam Adani.