Ambani and Adani exit $100 billion club as fortunes decline

businesstoday.in — December 17, 2024 at 06:01 AM UTC

Mukesh Ambani and Gautam Adani have exited the $100 billion club, according to the Bloomberg Billionaires Index. Both billionaires have faced significant challenges affecting their businesses and personal wealth. Ambani's Reliance Industries has seen underperformance in its energy and retail sectors, leading to investor concerns about debt. His wealth peaked at $120.8 billion in July but has since declined. Adani's fortune, which reached $122.3 billion in June, has been impacted by regulatory issues, including a US probe into alleged bribery. Adani has denied the charges and is working to restore investor confidence amid ongoing scrutiny.

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[3.7]

Ambani and Adani exit $100 billion club as fortunes decline (businesstoday.in)

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