Mukesh Ambani and Gautam Adani exit Bloomberg's $100 billion club in 2024

timesnownews.com — December 16, 2024 at 12:01 PM UTC

In 2024, India's billionaires Mukesh Ambani and Gautam Adani have both fallen out of Bloomberg's $100 billion club. Ambani's wealth decreased from $120.8 billion to $96.7 billion, while Adani's dropped from $122.3 billion to $82.1 billion, partly due to a US investigation. Ambani's retail and energy sectors struggled, contributing to his financial decline. Adani faced challenges after US prosecutors indicted him and other executives, impacting his company's market value significantly. Adani Group's market capitalization fell by Rs 13.31 lakh crore, with Adani Green Energy suffering the most. Despite these setbacks, some Adani stocks have shown signs of recovery after initial losses.

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Timeline:

[3.7]

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

88d 0h

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[3.4]

Mukesh Ambani and Gautam Adani exit Bloomberg's $100 billion wealth club (zeenews.india.com)

88d 0h

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[3.8]

Mukesh Ambani and Gautam Adani exit Bloomberg's $100 billion club in 2024 (timesnownews.com)

88d 18h

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[3.8]

Gautam Adani and Mukesh Ambani exit Bloomberg's $100 billion club as wealth declines (in.mashable.com)

88d 19h

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[3.5]

Mukesh Ambani and Gautam Adani exit Bloomberg's $100 billion club due to business challenges (timesnownews.com)

88d 21h

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