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| Top two richest people in the world Gautam Adani (left) and Mukesh Ambani (right) | Photo: Bloomberg |
Gautam Adani and Mukesh Ambani top richest people in the world and India have dropped out of the Bloomberg 100 billion club by the end of the year.
Times are going bad for Gautam Adani, one of the richest men in India. One after another, allegations of fraud are being made against him. Due to this, the value of Adani's assets is decreasing. At the same time, the value of the assets of another Indian richest man, Mukesh Ambani, has also decreased.
Along with Gautam Adani, the value of Mukesh Ambani's assets has also decreased. This year, Mukesh Ambani's energy and retail businesses have suffered losses. Along with this, debt is increasing. Investors are worried about this situation. In July, Mukesh Ambani's assets were worth 120.8 billion or 12 thousand 80 crore dollars, but now it has come down to 96.7 billion or 9 thousand 670 crore dollars.
On the other hand, Gautam Adani is in danger. He is now under investigation by the US Department of Justice. There is increasing uncertainty about this and his assets could be seized at any time. In November, the value of Gautam Adani's assets has decreased significantly due to a US court ruling. In June, Gautam Adani's assets were worth 122.3 billion or 122.3 billion dollars; now it has decreased to 82.1 billion or 82.1 billion dollars. The assets of both are as of December 13.
Gautam Adani's assets fell in value after a report by Hindenburg Research in January 2023 also accused Adani of fraud. Then, just when he was recovering from the loss, he faced a major crisis due to a US court ruling.
In this situation, India's two richest people, Gautam Adani and Mukesh Ambani, have been excluded from Bloomberg's elite centibillionaires club, which is reserved for those whose assets are worth more than $100 billion or 100 trillion.
Meanwhile, there are fears that Mukesh Ambani's internet business could suffer if Elon Musk's company Starlink enters the satellite internet market in India.
Meanwhile, the Walton family, the owners of Walmart, tops Bloomberg's list of the richest families. The family's combined wealth is worth $432.4 billion, or $432.4 billion. The Walton family's wealth is worth more than the world's richest person, Elon Musk, and the Middle Eastern royal families.
The Ambani and Shapoorji families of India are ranked eighth and 23rd respectively in the list of richest families.