India’s richest people saw their wealth fall by $17 billion (1.44 trillion rupees) in Monday’s stock market crash, amid fears of a recession in
The US. Overall, the market capitalisation loss for all BSE-listed companies stood at $178 billion (Rs 15 trillion) amid a nearly 3 per cent fall in benchmark indices Sensex and Nifty. Mukesh Ambani’s wealth fell by $4 billion to $108.8 billion, according to data compiled by BloombergGautam Adani, India’s number two richest man, saw his wealth fall by $6.3 billion to $103.6 billion.
Shapoor Mistry, Shiv Nadar, Savitri Jindal and Kumar Mangalam Birla each saw their wealth fall by around $1 billion.
First print: Aug 07, 2024 | 12:03 AM IST