Major economic loss in epidemic: Mukesh Ambani's net worth dropped 28% in two months to $ 48 billion

(Commerce Rep) Mumbai, Apr 6, 2020, Monday

The corona epidemic and the huge correction in global markets have also led to a major loss of wealth among the world's wealthiest in the last two months. One of India's richest Mukesh Ambani's net worth - the richest among the world's richest in the world - fell by $ 100 million every day as a result of a major erosion in the stock market in two months, down from $ 8 billion in two months, to $ 5 billion at the end of March 1, according to a report.

According to Reliance Industries chairman and managing director Mukesh Ambani, the net worth dropped by $ 2 billion in two months, as the global ranking dropped to eight places in the global rankings. Among the other Indian businessmen whose wealth has dropped significantly, Gautam Adani's wealth-net worth is $ 2 billion, a 5 percent decline, Shiv Nadar's wealth of HCL Technologies is five billion, a decrease of 5 percent, Banker Uday Kotak's wealth of four billion. The percentage has decreased. All the three riches have been out of the list of top riches in the world, now only Mukesh Ambani is at the top of the list.

It is worth mentioning here that the economic decline in the Indian market and the impact on the companies as a result of the corona pandemic has resulted in a reduction of about 8 percent in the last two months. India's top entrepreneurs have been hit by a 5% correction in stock markets. In addition, the value of the rupee along with the US dollar has also declined by 5.5%. In which, Mukesh Ambani's assets were reduced by 5 per cent, said Anus Rahman, managing director of Hurun Report India. Of course, Mukesh Ambani has been at the forefront of Asia's richest for the second time in a row.

Mukesh Ambani's wealth has declined the most after Bernad Arnold, chief executive of French fashion giant LVMH on the global front. Bernard Arnoldt's most declining wealth, down by 5 percent to $ 8 billion, now stands at $ 2 billion. While Warren Buffett's wealth in Berkshire Hathaway has dropped from $ 2 billion to $ 2 billion in the past two months. The percentage showed a decline of 5%. Ritesh Agarwal of Oyo Rooms is now out of the billionaire list as the hospitality business suffered a major blow as a result of the Corona epidemic. The other five top property losers are Carlos Slim and his family, Bill Gates, Mark Zuckerberg, Larry Page, Sergey Brin and Michael Bloomberg. Amazon's Jeff Bizos is steadily becoming the world's first richest world, with his wealth down just 2 percent to $ 2 billion in these two months. Microsoft's Bill Gates assets fell 5 percent to $ 2 billion.

Of the Hurrun Global Top 5, only 5 percent have increased their wealth, while the wealth has decreased by 5 percent. While five percent of the assets are being frozen. The wealth of some of the Chinese billionaires has increased over the past two months and India has fallen three places to the top five, while six billionaires have been added to the list. In which the wealth of Eric Yuan Zheng, founder of Zoom Video Conferencing Platform, has risen by 4% over the last two months to $ 8 billion. Among others, the wealth of Chinese civil service test platform Offan's Li Yongxin and his mother, Lu Zhongfeng, increased 5 percent to $ 8 billion.