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Ambani lost 16800 crore from trade war

Ambani lost 16800 crore from trade war

Increased trade war between US-China led to a major decline in the stock markets worldwide including the US. According to the Bloomberg Billionaires Index, the net worth of the world's 500 rich fell by $ 117 billion (Rs 8.19 lakh crore). Mukesh Ambani lost $ 2.4 billion (Rs 16,800 crore). Amazon CEO Jeff Bezos lost the highest Rs 24010 crore.  Yet he remains the world's richest with a net worth of $ 110 billion (Rs 7.70 lakh crore). Mukesh Ambani at number 18
Shares of the 21 billionaires included in the Bloomberg Billionaire Index declined from $ 1 billion to $ 3.4 billion on Monday. The Billionaire Index updates the net worth of the world's 500 billionaires every day after the US stock market closes. Reliance Industries chairman Mukesh Ambani is at number 18 in this index. His current net worth is $ 44.8 billion (Rs 3.14 lakh crore). They are the biggest rich in Asia.

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