Delhi: The last few days have been volatile for the Indian Stock Market. Hindenburg Research (Hindenburg report) an American company published a report accusing Adani Group, one of the most prestigious conglomerates of India, of manipulation and fraud. Not only Gautam Adani and Adani Group suffered a setback, but the investors of the stock market had to bear the brunt of it. During this the billionaires of India paid a heavy price. Earlier this year, Lakshmi, the goddess of wealth, appeared to be a bit pissed off at India’s rich. In terms of wealth loss, where Indians still dominate the top-3 rich, Lakshmi seems kind to the American rich.
8 in top-15 richest people from America
This year, 8 of the top-15 richest people in terms of earnings are from America. According to the Bloomberg Billionaires Index, Adani Group Chairman Gautam Adani tops the list in terms of loss of wealth this year. Last year, Adani had secured the top position with strong earnings, but this year the picture is different at the beginning of the year. Adani has lost a total of $ 64.2 billion so far. At number two is Mukesh Ambani, chairman of Reliance Industries, whose net worth declined by $ 7.85 billion. Also, DMart’s Radhakrishna Damani is third in the list of top losers with a total loss of $2.93 billion. Indian billionaires have lost $ 77 billion in the top-15 people who have lost the most wealth so far. Out of this, apart from Adani, Ambani and Damani, Savitri Jindal suffered a loss of $1.08 billion. Ravi Jaipuria has lost $752 million, Kumar Birla $729 million and Ashwini Dani $642 million. Also, Mahendra Choksi has incurred a loss of $591 million so far.
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The silver of American billionaires is silver
On the other hand, America’s 8 richest people in the top-15 have added about $ 137 billion to their net worth so far. Elon Musk has benefited from this and the Tesla founder is currently the second richest person in the world with $178 billion. Musk’s net worth has so far risen to $40.5 billion despite record losses last year. Apart from Musk, Facebook founder Mark Zuckerberg is third in the list of top earners, with a net worth of $23.3 billion. Apart from this, Goddess Lakshmi also blessed Jeff Bezos this year. Jeff, the former founder and chairman of Amazon, has a net worth of $19.2 billion. Additionally, Larry Page’s net worth increased by $12.7 billion this year, while Sergey Brin’s net worth increased by $12.1 billion. Larry Ellison’s net worth increased by $10.8 billion, while Abigail Johnson’s net worth increased by $6.91 billion. Bill Gates’ wealth has also increased by $ 6.57 billion so far this year.