Share Market: Indian billionaires were not spared from Friday’s market crash. Gautam Adani lost more than 9 billion dollars in one day. The same situation happened to Mukesh Ambani of Reliance Industries. Which made an overnight impact on their Bloomberg Billionaires Index.
Stock Market Crash: Panic engulfs the Indian stock market
Bulls did not take the name of turning around. Last week there was a sharp decline in the Indian stock market. Investors lost over Rs 8.40 lakh crore in just one day’s trading on Friday. At market close on Thursday, the market cap of BSE-listed companies was Rs 280.53 lakh crore, which fell to Rs 272.12 lakh crore at close of business on Friday. This figure shows what an extraordinary loss the market has suffered.
Bloomberg Billionaires Index: This fall in the stock market has also caused huge losses for India’s billionaire investors. Gautam Adani and Mukesh Ambani, who are in the top 10 of the Bloomberg Billionaires Index, also faced big losses. At the same time, a major decline was also recorded in the wealth of billionaire Shiv Nadar who made it to the top 50 of the same Nifty index.
Share Market: How much has Gautam Adani’s wealth decreased?
According to the Bloomberg Billionaires Index, Gautam Adani’s wealth has come down to $110 billion as of today, December 24. In other words, this billionaire lost 9.38 billion dollars in one day. This year, Yan Gautam Adani came in second place on the Bloomberg Billionaires Index, but the company’s shares fell to third place. For the full year, Gautam Adani’s net worth increased to $33.8 billion. Overall this year was profitable for Gautam Adani. Interestingly, among the top 10 richest people in the Bloomberg Billionaires Index, Gautam Adani is the only person whose wealth has increased this year. The wealth of the remaining 9 rich people has seen a major decline this year.
Bloomberg Billionaires Index: How much has Mukesh Ambani’s wealth decreased?
India’s second billionaire Mukesh Ambani, who ranks ninth in the Bloomberg Billionaires Index’s top 10 list, also saw a big drop in his wealth yesterday. Mukesh Ambani’s net worth fell to $85.4 billion and his net worth fell by $2.71 billion after yesterday’s trading. Talking about this entire year, Mukesh Ambani lost assets worth $4.55 billion.
Stock market crash: HCL’s Shiv Nadar’s entire assets fall
The fall in the Indian stock market has also had an impact on HCL’s Shiv Nadar’s net worth. Currently his net asset value is down to $24.4 billion. Currently, he is ranked 49th on the Bloomberg Billionaires Index’s Top 50 Richest List. Shiv Nadar’s wealth fell by $196 million in yesterday’s fall. For the entire year, Shiv Nadar’s net worth fell by $8.20 billion.
Dalal Street was bloody on Friday due to the fall of the stock market
BSE Sensex closed down 980 points at 59,845 points and Nifty closed down 320 points at 17,806 points at the end of yesterday’s trade in the Indian stock market. Similarly, in the Indian stock market, Sensex fell below 60,000 and Nifty below 18,000.