In a striking turn of events, Mukesh Ambani, one of India's wealthiest individuals, suffered a staggering financial loss of over Rs. 160 billion in just 24 hours. The loss stemmed from a 2% drop in the share price of Reliance Industries, his flagship company, during a volatile trading session. This sharp decline caused his ranking on the Bloomberg Billionaires Index to slip, placing him at 15th globally with a net worth of $102 billion.
Interestingly, this financial setback followed Ambani's purchase of a luxury Boeing 737 private jet, worth approximately $150 million, and a Rolls Royce Cullinan SUV priced at $1.3 millionâboth symbols of his opulent lifestyle.
Meanwhile, his fellow billionaire and rival, Gautam Adani, saw his fortune increase by $266 million, securing the 18th position on the global wealth leaderboard. At the top of the list remains Elon Musk with a staggering $241 billion, trailed by Jeff Bezos at $211 billion.
This dramatic shift in fortunes highlights the volatile nature of wealth in the global stock markets, where even a small percentage drop can translate into billions lostâor gained.
