The sharp decline in the stock market on Thursday has significantly impacted the net worth of Indian billionaires Mukesh Ambani and Gautam Adani, causing both to drop in the global billionaires’ rankings.
The ongoing conflict between Iran and Israel has taken a toll on the Indian stock market, leading to a major plunge in the Sensex and Nifty indices.

Mukesh Ambani and Gautam Adani Suffer Massive Losses
Shares of Mukesh Ambani’s Reliance Industries and companies from the Adani Group witnessed a significant drop amidst the broader market crash.
Reliance Industries saw a sharp decline, with its shares falling 3.95%, closing at ₹2,813.95. Meanwhile, Gautam Adani’s net worth plunged by $2.93 billion (around ₹24,600 crore), bringing his total wealth to $100 billion. This drop pushed him from the 14th to the 17th spot in the global billionaires’ ranking.
Source: msn
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