Adani ranks 7th in the list of global rich, Mukesh Ambani out of top 10

Indian businessman Gautam Adani, who has left behind the world’s richest people in terms of income, has suffered one setback this year. In the last few days, the lower circuit engaged in the shares of the company has reduced their assets. As a result, Adani has slipped from fifth to seventh in the list of […]
 


Adani ranks 7th in the list of global rich, Mukesh Ambani out of top 10

Indian businessman Gautam Adani, who has left behind the world’s richest people in terms of income, has suffered one setback this year. In the last few days, the lower circuit engaged in the shares of the company has reduced their assets. As a result, Adani has slipped from fifth to seventh in the list of the world’s richest people. The market cap of his company has also broken down.

Adani, Asia’s richest man and longtime richest man, slipped to sixth place on the list on Wednesday and his net worth dropped to seventh on Friday. According to the Billionaire Index, his net worth has declined by 5.84 billion in the last 24 hours. Net worth has fallen to 102 billion. Larry Page is now in sixth place.

Other top tycoon positions in the world

Elon Musk remains the top 10 richest person in the world with a net worth of ₹21,215 billion. Jeff Bezos is in second place with a net worth of ₹ 131 billion and Bernard Arnault at the third position with a net worth of ₹ 122 billion. Bill Gates is at the fourth position with a net worth of ₹ 117 billion, while Warren Buffett is at the fifth position with a net worth of ₹ 112 billion. Larry Page 10 is at the sixth position with a net worth of 102 billion, while Sagarai Brin is at the eighth position with a net worth of 98,98.3 billion. Steve Walmer is ninth with a net worth of .590.5 billion and Larry Ellison is ranked 10th with a net worth of ₹88 billion. Talking about Facebook founder Mark Zuckerberg, he has reached 13th place in this list.

Market cap fell in a month

The market cap of Gautam Adani Group’s edible oil business Adani Wilmar and Adani Power has slipped below Rs 1 lakh crore since the recent sell-off in the stock market. According to BSE data, the market capitalization of Adani Power fell to Rs 93,550 crore on Thursday, May 12. Adani Wilmar’s market cap also fell to Rs 75,615 crore.

Adani Wilmar shares fall over 30 per cent

Shares in Gautam Adani Group’s Adani Wilmar and Adani Power’s Lower Circuit had an adverse effect on the value of the company. Shares of Adani Wilmar fell marginally from its IPO price band of Rs 230 to Rs 227 on February 8.

Mukesh Ambani reached 11th position

Mukesh Ambani’s wealth also declined on Friday and he slipped to 11th place from the top-10 list. His wealth has declined by 1.87 billion. As a result, Ambani’s net worth fell to ₹87,87.7 billion.