(Image source from: Cnbctv18.com)
Mukesh Ambani's Net Worth Drops By 28%:- Mukesh Ambani is the richest Indian and his net worth is going up every day. Mukesh Ambani's net worth came down by 28% due to the coronavirus lockdown. He is said to be losing 300 million USD for two months to 48 billion USD as on March 31st due to the massive changes in the stock market. The decline in the wealth came down by 19 billion USD which is huge. His global ranking came down by eight places and he reached 17th place. The other Indian businessman who lost big during this lockdown is Gautam Adani whose wealth came down by 6 billion USD. HCL Technologies lost 5 billion USD or 26%.
Mukesh Ambani is the only Indian in the league currently after several Indians lost big and slipped from the top 100. With the economic slow down across the globe, the Indian market got corrected by 25% in the last two months. India's top businessmen are hit by a drop of 26% in the stock markets. When it comes to Mukesh Ambani, it is a huge storm and his wealth came down by 28%. He is said to be the second biggest loser of wealth across the globe after French businessman and fashion giant Bernard Arnault whose wealth came down by 30 billion USD. India is said to have lost three billionaires in this crisis from the top 100, China managed to add six billionaires to the list.