Mukesh Ambani, Gautam Adani, Savitri Jindal and two other richest billionaires from India lost nearly $ 10 billion in their net worth on India’s ‘Black Monday’ today, fueled by a massive stock market accident. The five billionaires that lost the most wealth on Monday 7 April were – Mukesh Ambani, Gautam Adani, Savitri Jindal, Shiv Nadar and Kushal Pal Singh of DLF. Together, they lost a total of $ 9.89 billion, according to Forbes Real Time Billionaires list. The drop of the billionaires in Fortune is coming on Monday amid a massive collapse of the stock market in the Dalal Street due to the economic fall of the global trade war that originated by US President Donald Trump’s tariff policy. The Indian Stock Market Sensex, which registers its worst session in ten months, ends with a solid loss of 2.227 points, or 2.95 percent, Monday at 73,137,90. Nifty 50 closed at 22,161.60, 742.85 points, or 3.24 percent. Here is the five billionaire list that lost the most wealth due to the Indian stock market in the Monday, and how much they lost. Mukesh Ambani Mukesh Ambani, chairman of Reliance Group, and the richest person in India, was the biggest loser on the Black Monday stock market accident. The billionaire saw its net worth falling by $ 2.9 billion to $ 88.4 billion. Gautam Adani Gautam Adani, who is the Chaiperson of the Adani squad, and the second richest person in India, on Monday has its net worth falling by $ 2.8 billion. After the stock market was closed today, the net worth of Gautam Adani amounted to $ 57.6 billion, according to Forbes. Savitri Jindal Savitri Jindal and family were the third largest loser of Monday’s stock market accident. Steel, power, cement and infrastructure chairman Jindal Group has her net worth falling by $ 2.3 billion to $ 33.8 billion. Kushal Pal Singh Real Estate Mogul Kushal Pal Singh, who founded DLF, saw its wealth drop by $ 988 million due to the collapse of the stock market that affected millions of other investors. From Monday night, Singh’s net worth amounted to $ 13.5 billion. Shiv Nadar HCl Tech, co-founder Shiv Nadar, was the fifth person in the list that lost the most wealth on Monday. Nadar’s net worth dropped by $ 902 million amid the massacre in D-street. His fortune is now $ 31.5 billion, still holding him the fourth richest person in India. The Stock Markets of India today in a horrible investor, the 30-share BSE benchmark Sensex has stepped 2,226.79 points, or 2.95 percent, to settle at 73,137,90. During the day, the benchmark index fell 3,939,68 points, or 5.22 percent, to 71,425.01. During the day, the benchmark fell 1.160.8 points, or 5.06 percent, to 21,743,65. All Sensex businesses, except Hindustan Unilever, ended lower. Tata Steel dropped most by 7.73 percent, followed by Larsen & Toubro that cracked 5.78 percent. Tata Motors, Kotak Mahindra Bank, Mahindra & Mahindra, Infosys, Axis Bank, ICICI Bank, HCL Technologies and HDFC Bank were the other major decline.
Mukesh Ambani, Gautam Adani among the top losers of D-street ‘Black Monday’, as 5 billionaires lose nearly $ 10 billion | Company Business News
