The coronavirus has led to a steep decline in stock markets for the past several days. This has led to a decline of 28 percent in the last two months in the net worth of the country's richest man and Reliance Industries chairman and managing director Mukesh Ambani. According to the Hurun Global Rich List, Ambani's assets registered a decline of $19 billion in the February-March period. For this reason, he has slipped eight places to the 17th position in the list of rich personalities around the world.
Other businessmen situation
Among the other Indians in the list, the property of Adani Group chief Gautam Adani registered a decline of six billion dollars, i.e., 37 percent. The property of HCL technology chief Shiv Nadar decreased by five billion dollars, i.e., 26 percent. Kotak Bank's Uday Kotak's wealth has come down by four billion dollars, i.e., 28 percent. Additional three people have gone out of the list of the world's top 100 rich.
Warren Buffet suffers so much damage
The property of Warren Buffet of Berkshire Hathway has decreased by 19 billion dollars in the last two months and has gone up to 83 billion dollars. That means their property was reduced by 19 percent.
Bernard Arnault suffers most of the damage
Let's say Ambani is the second person to lose the highest wealth worldwide. The property of Bernard Arnault, head of the French fashion company LVMH, has come down by 28 percent or $30 billion to 77 billion dollars.
Stock market declines 25 percent in two months
It is understood that the Indian stock market has registered a decline of 25 percent in the last two months due to the Coronavirus epidemic. Companies around the world have to pay the economic price of the Coronavirus epidemic. India's top industrialists have suffered a 26 percent drop in the stock market and a 5.2 percent weakening of the rupee against the dollar.
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