Coronavirus Leaves Mukesh Ambani $5 Billion Poorer; Here’s How Much The Others Lost

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Coronavirus that originated in China has caused business to nosedive around the world, particularly those depending on China. Reliance Industries Chairman Mukesh Ambani has lost about $5 billion of his wealth so far this year, according to the Bloomberg Billionaires Index.

Aditya Birla Group’s Chairman Kumar Mangalam Birla has lost $884 million.

Wipro Chairman Azim Premji has lost $869 million while Adani Group Chairman Gautam Adani is poorer by $496 million.

Reliance Industries’ shares have fallen nearly 11 per cent this year so far. Most of this has come due to sell-offs anticipated by the spread of the virus in the last 15 days.

The Sensex crashed by 1200 points and this resulted in investors losing Rs 5 lakh crore in just an hour.

 

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