Mukesh Ambani, chairman of Reliance Industries Image Credit Source: Samir Jana/HT Via Getty Images
There were many announcements at the annual general meeting of Reliance Industries, the country’s largest company. Jio’s IPO has been announced. It was announced to open new ventures. Even after that, the shares of Reliance Industries saw a decline of more than 2 percent. The valuation of the company also declined by more than 40 thousand crores. On the other hand, there has been a big decline in Mukesh Ambani’s wealth. According to data from the Bloomberg Billioniers Index, Mukesh Ambani’s net worth has seen a decline of $ 2.43 billion, or 2.5 per cent. If you calculate it for rupee, then the figure of more than 21 thousand crores is being seen. The special thing is that $ 4.5 billion has been cleaned by Mukesh Ambani’s wealth. On August 25, Mukesh Ambani’s total Nettarth was seen more than $ 101 billion. Let us also tell you how much the total net worth of Mukesh Ambani is.
Major decline in Mukesh Ambani’s wealth
Asia’s richest businessman Mukesh Ambani has seen a big decline in the net worth. According to Bloomberg Billioniers Index data, Mukesh Ambani’s net worth disappeared more than $ 2.43, or more than 21 thousand crore rupees. After which his total net worth has been reduced to $ 96.5 billion. By the way, in the current year, his net worth has seen an increase of $ 5.91 billion. The special thing is that on August 25, Mukesh Ambani’s total net worth was more than $ 101 billion. Since then, there is a steady decline in his wealth. Since then, he has seen a decline of more than $ 4.5 billion from his net worth. By the way, the top 20 billionaires in the world are currently. He is the 19th richest businessman in the world.
Why did we get a decline in wealth?
The main reason for Mukesh Ambani’s decline in the total wealth is the decline in the shares of Reliance Industries. See the data, on Friday, Reliance Industries shares saw a decline of 2.21 percent and closed at Rs 1357.05. Whereas during the business session, the company’s stock came to the lower level of the day with Rs 1350.30. By the way, after the announcement of Jio’s IPO, the company’s shares had seen a rise of 1 percent, and reached the day high with Rs 1403. However, the shares of the company were opened with Rs 1384.20. According to experts, the company’s stocks can see a boom in the coming days. In the current year, the company’s shares have given returns of more than 11 percent to investors.