Did his decision weigh heavily on Mukesh Ambani? Loss of crores happened in two days, the wealth decreased so much

Mukesh Ambani’s net worth has decreased due to the fall in the shares of Reliance. They have suffered a loss of more than 28 thousand crores. Recently, he made many important announcements in the 44th annual meeting of Reliance.

Mukesh Ambani, the richest man in Asia and the owner of Reliance Industries, recently made many important announcements at the 44th AGM. These include from green energy to launching the cheapest 5G smartphone, etc., but even after these big announcements, they seem to be making losses instead of gains. There is a tremendous decline in the shares of Reliance in the market. While its shares fell 2.35 per cent after the meeting on Thursday, it recorded a fall of 2.28 per cent on Friday as well. Due to this, Mukesh Ambani suffered a loss of crores in two days.

According to the Bloomberg Billionaires Index, Mukesh Ambani’s net worth has decreased by about $ 3.81 billion or about Rs 28,279 crore in two days. In such a situation, it is believed that his decisions have overshadowed Ambani. Market investors have not liked his strategy. At present, Ambani’s net worth is $80 billion. According to the Bloomberg report, he still remains 12th in the list of the world’s rich and first in Asia.

Adani Group suffered a loss last week

Adani Group chairman Gautam Adani, who is a step behind Mukesh Ambani, also suffered a lot last week. Due to which he had also slipped from second to third place in the list of rich lists of Asia. Earlier his net worth had reached $ 77 billion. Now it has come down to $ 63.7 billion. At the same time, he is at 15th place in the list of richest people in the world.

Record was made in September 2020

The biggest jump in Reliance’s stock was seen on 16 September 2020. Then it had reached its highest level of Rs 2,369. With this, Ambani’s net worth had reached 90 billion dollars and he came in fourth place in the list of the world’s rich. But later his net worth decreased due to the fall in the shares of the company. Due to which he was out of the top 10 in the list of rich.

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Article first Appeared on Informalnewz

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