Mumbai: The net worth of India’s richest man Mukesh Ambani dropped 28 per cent or USD 300 million a day for two months to USD 48 billion as on March 31 due to the massive correction in stock markets, a report said on Monday.
The chairman and managing director of the diversified Reliance Industries saw his wealth decline by USD 19 billion in February-March period, taking his global ranking down eight places to 17th, the Hurun Global Rich List said.
Other Indian businessmen who have seen a major drop in wealth include Gautam Adani whose wealth eroded by USD 6 billion or 37 per cent, HCL Technologies’ Shiv Nadar (USD 5 billion or 26 per cent) and banker Uday Kotak (USD 4 billion or 28 per cent), it said.
