29 C
Thursday, March 23, 2023

Another Indian billionaire suffers massive loss after Adani& Ambani

- Advertisement -

The total net worth of D-Mart founder Radhakishan Damani is $16.7 billion and with this much wealth, he occupies the 97th position in the list of billionaires of the world. Since the beginning of this year, he has suffered the most after Gautam Adani and Mukesh Ambani.

The year 2023 is not looking promising for Indian business owners. GautamAdani is a prime example of this, having lost so much fortune since January that it would have aided Pakistan’s economic crisis. MukeshAmbani is the second Indian to have his net worth fall. Adani-Ambani has lost the greatest money this year when compared to the rest of the world’s wealthy. Yet, a third Indian’s name has also been included in this list. D-Mart founder RadhakishanDamani has also incurred significant losses.

RadhakishanDamani’s net worth has also dropped dramatically this year. About the loss incurred by senior investor, his $ 2.67 billion (Rs 22,143 crore) has been lost since January 1.

Damani has joined the ranks of the top wealth losers as a result of his net worth drop. RadhakishanDamani’s name is ranked third among Indian billionaires who have lost the most money in 2023.

RadhakishanDamani’s overall net worth is approximately $16.7 billion, according to the Bloomberg Billionaires Index, despite a significant loss. With this amount of fortune, he ranks 97th in the world’s list of billionaires.Damani has lost almost 14% of his net worth since the beginning of the year.

Best Billionaire in Mumbai RadhakishanDamani is the creator of the retail company D-Mart as well as a senior investor, and he is widely regarded as the mentor of the late RakeshJhunjhuwala, dubbed the “Big Bull” of the stock market. Dmart outlets may be found in 238 different locations around the country.

GautamAdani, an Indian veteran who set the record for earning the most among the world’s wealthiest in 2022, has set the record for losing the most fortune this year. After a month, the tsunami that rocked the shares of Adani Group firms continues, according to a report issued by Hindenburg, an American research firm, on January 24, 2023.

He was ranked fourth on the list of the Top-10 Billionaires at the start of the year, but he quickly dropped out of the Top-10, Top-20, and is currently ranked 30. They have experienced a massive loss of $80.6 billion this year.

When it comes to the losses sustained by Reliance Chairman and Asia’s richest man MukeshAmbani thus far in 2023, he ranks second in terms of wealth loss. He has experienced a $5.38 billion loss in less than two months (more than Rs 44,618 crore). According to reports, Ambani is the tenth richest person in the world, with a net worth of $81.7 billion.

(To receive our latest news on WhatsApp daily, please click here. To receive it on Telegram, please click here.)

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles