India’s super rich lost $17 billion in Monday’s stock market crash | News on Markets

itemscope itemtype="http://schema.org/WebSite"> India’s super rich lost $17 billion in Monday’s stock market crash | News on Markets - Best Freelancing Services

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India’s super rich lost $17 billion in Monday’s stock market crash | News on Markets

1 min read Last Updated : Aug 07 2024 | 12:03 AM IST

India’s richest saw their networth erode by $17 billion (Rs 1.44 trillion) during Monday’s market crash on fears of recession in

the US. Overall, market capitalisation loss for all BSE-listed companies was $178 billion (Rs 15 trillion) amid a near 3 per cent drop in the benchmark indices Sensex and Nifty. Mukesh Ambani’s wealth declined $4 billion to $108.8 billion, according to data compiled by Bloomberg. Gautam Adani, ranked number two on India’s rich list, saw $6.3 billion get shaved off from his net worth, which declined to $103.6 billion.

Shapoor Mistry, Shiv Nadar, Savitri Jindal and Kumar Mangalam Birla saw their networth erode by around $1 billion each.

First Published: Aug 07 2024 | 12:03 AM IST

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