City
Epaper

Elon Musk, Gautam Adani lose over ₹1 lakh crore

By Lokmat English Desk | Updated: September 25, 2022 16:30 IST

Open in App
1 / 6
Stock markets crashed on Friday leading to the drop in wealth of the world's top 70 billionaires according to the Bloomberg Billionaires Index. The super rich tycoons including Elon Musk, Gautam Adani, Jeff Bezos and others saw their wealth drop as the markets across the world fell.
2 / 6
Elon Musk, the world's richest man, lost $9.03 billion ( ₹73,373 crore) as his wealth stood at $245 billion ( ₹19.90 lakh crore). On the other hand, billionaire tycoon Gautam Adani lost $3.50 billion ( ₹28,439 crore) and now his wealth stands at $142 billion ( ₹11.53 lakh crore).
3 / 6
Amazon founder Jeff Bezos lost $3.72 billion ( ₹30,227 crore) while Louis Vitton boss Bernard Arnault saw his wealth plummet by $5.75 billion ( ₹46,721 crore).
4 / 6
The other Indian in the list, Mukesh Ambani, lost $1.77 billion ( ₹14,382 crore) and occupies the ninth spot on the global rich list.
5 / 6
However, Adani remains the richest Indian as per the IIFL Wealth Hurun India rich list 2022. With a net worth of more than ₹11 lakh crore, he continues to occupy the top spot and is followed by Reliance Industries chairman Mukesh Ambani.
6 / 6
The list also stated that Adani earned ₹1,600 crore per day since 2021. On Friday, the Sensex crashed by 1,020 points and extended the decline for the third straight day. However, the global markets tumbled after the Federal Reserve raised its key interest rate on Wednesday by three-quarters of a point for the third straight time as a move to fight inflation, AP reported.
Tags: Elon MuskGautam AdaniMukesh Ambani
Open in App

Related Stories

InternationalDOGE Must Audit Elon Musk's Firms, Says Donald Trump in Explosive Post

BusinessMukesh Ambani's Jio Financial Services Jumps 5% After SEBI Nod for Broking Business

NationalWho Is Prakash Shah? Mukesh Ambani’s Close Aide Becomes Monk After Quitting Rs 75 Crore Job

InternationalSpaceX Starship 36 Explodes During Static Fire Test (Watch Video)

International'I Regret Some of My Posts': Elon Musk Issues Grovelling Apology to Donald Trump

Business Realted Stories

BusinessFree Pain Relief Camp in Vrindavan on July 9-10 to Offer Non-Surgical Treatment for Chronic Pain

BusinessInflation likely to align with RBI's projection in Q1: BoB report

BusinessDouble Chabi: The Global Rice Brand That Brings Generations Together

BusinessCement demand to grow 7-8% backed by strong real estate and PMAY push: Report

BusinessSmt. Raksha Nikhil Khadse, Union Minister of State, Youth Affairs & Sports Attends Day 1 of BMPS 2025 in New Delhi