Mukesh Ambani Drop Out of World’s Elite $100 Billion Club

Mukesh Ambani and Gautam Adani, India’s wealthiest business leaders, have both seen their net worth drop below the $100 billion mark in recent months

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Mukesh Ambani, chairman of Reliance Industries Ltd, and Gautam Adani, founder of the Adani Group

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According to Bloomberg, Ambani’s and Adani’s wealth declines come amidst broader financial struggles in their core businesses

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despite these setbacks, India’s top 20 billionaires have collectively added $67.3 billion to their wealth this year

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Industrialist Shiv Nadar and steel magnate Savitri Jindal led the gains, adding $10.8 billion and $10.1 billion, respectively, to their net worth.

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Mukesh Ambani’s net worth, which stood at $120.8 billion in July during his son Anant’s lavish wedding celebrations,

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has dropped to $96.7 billion as of December 13, according to the Bloomberg Billionaires Index (BBI)

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