Mukesh Ambani Net Worth: Mukesh Ambani’s wealth dropped by Rs 4,95,28,20,00,000, thrown out of the Top-10 list of rich people – Mukesh Ambani Net Worth: Mukesh Ambani’s wealth dropped by Rs 4,95,28,20,00,000 dropped from Top-10 list of Richest

by Ana Lopez

Mukesh Ambani Net Worth : In a media report Osho Krishna- Senior Analyst, Technical and Derivatives Research Angel One said that ‘Reliance is in a correction phase for a long time and is roaming near the important Rs 2,300 area.

Mukesh Ambani Net Worth: In the business world for the last two months Gautam Adani And Adani Group is being discussed. Adani Group’s assets fell by more than half after the report by American research firm Hindenburg. Adani’s shares fell by up to 85 percent. If you have forgotten Reliance Industries Chairman Mukesh Ambani in the midst of Adani’s crisis, then it is necessary to take a look at this. The shares of Mukesh Ambani’s company Reliance have been witnessing a major decline for the past few days. The decline in shares has affected Mukesh Ambani’s wealth.

A big drop in Mukesh Ambani’s wealth

Mukesh Ambani’s net worth has seen a big drop due to the drop in shares. According to Forbes’ billionaire index, Mukesh Ambani has reached number 13. Ambani, who was at number 8 so far in this list, has come to number 13. Mukesh Ambani’s net worth has dropped from $85 billion to $79.3 billion. His net worth fell by $579 million on Friday. Mukesh Ambani has moved from number 8 to number 13 in the last five trading days. His net worth has come down by around $6 billion i.e. 4,95,28,20,00,000 rupees. On the other hand, Gautam Adani, shaken by the Hindenburg attack, is slowly coming back. Today his net worth has reached $48.3 billion. He has moved from number 37 to number 24 in Forbes’ billionaire index.

Why did Mukesh Ambani’s wealth decrease?

Mukesh Ambani has suffered a major blow after the huge fall in Reliance shares. Reliance shares recently hit a 52-week low. Shares of Reliance fell to Rs 2202.20. Shares of Reliance have fallen by 13 percent in a year. The market cap of the company has reduced to 15 lakh crores. Along with the decline in shares, there is a lot of pressure on the company’s revenue per user due to the compulsion of Jio’s cheaper plans. It has affected the shares of the company.

Experts guess

In a media report, Osho Krishna- Senior Analyst, Technical and Derivatives Research Angel One said, ‘Reliance is in a correction phase for a long time and is roaming near the important Rs 2,300 area. Jigar S Patel, Technical Research Analyst, Anand Rathi Shares & Stock Brokers said, ‘Daily Relative Strength Index (RSI) is currently continuously traveling at 30 to 55 levels. These are the signs of a decline in the market in the near future. Recently RIL shares traded at Rs. The important support of 2,300 was breached which is a matter of concern.

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