Even the country’s richest people were not spared in Monday’s stock market crash. Along with retail investors, the country’s top four billionaires, Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar, together lost over $10 billion as markets around the world fell sharply, as per Forbes’ real-time billionaire list.
Mukesh Ambani, chairman of Reliance Industries and the richest person in India, lost the most. His wealth fell by $3.6 billion, bringing his total net worth down to $87.7 billion.
Gautam Adani, who runs the Adani Group, saw a $3 billion drop in his fortune. His net worth now stands at $57.3 billion.
Savitri Jindal & family, owners of the OP Jindal Group, lost $2.2 billion. Their wealth now stands at $33.9 billion. She is currently ranked 45th on the global rich list.
Shiv Nadar, founder of HCL Technologies, also took a hit. His fortune fell by $1.5 billion to $30.9 billion.