Billions of rupees of Indian billionaires were lost in the tsunami of the stock market on Tuesday, the day of Lok Sabha election results. The huge fall in the shares of their companies took away the smile, but as soon as the way for Modi to form the government for the third time was cleared, the smile on the faces of Indian billionaires returned. Although the loss incurred on Tuesday could not be fully recovered, there has been a significant increase in his net worth.
Gautam Adani’s wealth increased by $ 5.59 billion due to the U-turn of the stock market on Wednesday. About $25 billion was lost on Tuesday. Similarly, Mukesh Ambani’s wealth increased by $2.20 billion. On Tuesday they suffered a blow of about 9 billion dollars.
Radhakrishna Damani was also among the earners on Wednesday. Radhakrishna Damani earned 1.57 billion dollars. India’s richest woman, Savitri Jindal, had her wealth worth $3.58 billion breached on Tuesday. On Wednesday, he added $1.51 billion to his net worth.
Modi’s government for the third time, Adani returns to 100 billion dollar club.
On the other hand, Dilip Shanghvi’s wealth increased by $955 million. Whereas, Shiv Nadar managed to earn $842 million. Kumar Birla’s wealth increased by $832 million and Sunil Mittal’s wealth increased by $787 million. KP Singh added $756 million to his wealth while Azim Premji added $749 million. Shapoor Mistry’s wealth increased by $738 million.
Which Indian billionaire lost how much money in the share market tsunami?
Dilip Shanghvi’s wealth increased by $955 million, Shiv Nadar managed to earn $842 million, Kumar Birla’s wealth increased by $832 million and Sunil Mittal’s wealth increased by $787 million. KP Singh added $756 million to his wealth while Azim Premji added $749 million. Shapoor Mistry’s wealth increased by $738 million.
On Tuesday, KP Singh suffered a setback of $2.42 billion. Sunil Mittal lost $1.68 billion. Kumar Birla’s wealth was hit by a loss of $1.52 billion while Mangal Prabhat Lodha was hit by a loss of $1.18 billion.
The wealth of these Indian billionaires increased
Gautam Adani $5.59 billion
Mukesh Ambani $2.20 billion
Radhakrishna Damani $1.57 billion
Savitri Jindal 1.51 billion dollars
Dilip Shanghvi $955 million
Shiv Nadar 842 million dollars
Kumar Birla $832 million
Sunil Mittal $787 million
KP Singh 756 million dollars
Azim Premji $749 million
Shapoor Mistry 738 million dollars
Source: Bloomberg Billionaires Index
