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Mukesh Ambani Lost Nearly Half Of His Wealth Amid Coronavirus Outbreak

Global coronavirus-sparked risk aversion has wiped out huge wealth for top Indian billionaires.

23rd March 2020 | 07:07 PM (IST)
106 views

The highly dangerous Coronavirus has an effect on Indians ' health and wealth. India's wealthiest entrepreneur, Mukesh Ambani, is not immune to the impact of the pandemic on financial markets.

Ambani estimated $58.6 billion when the year ended, according to Bloomberg. However, on March 19, after Coronavirus ' fear crashed the global and Indian stock markets, his net worth dropped by 41 percent to $34.4 billion.

After the Ambani family — Mukesh and Nita Ambani and their three children— increased stake in Reliance Industries, his net worth however saw a slight increase. He'd worth $37.7 billion as of March 22. Ambani is among the world's top 5 billionaires who have suffered the most in the last three months.

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23rd March 2020 | 07:07 PM (IST)
106 views
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