There have been a total loss of $ 25 billion in the net worth of Gautam Adani and Elon Musk due to the fall in the stock market on Monday.
India’s richest businessman Gautam Adani and the world’s richest man Elon Musk lost about $ 25 billion or more than Rs 2 lakh crore in a single day. According to the news report, both of them suffered losses after the fall in the shares of their companies in the stock markets on Monday. According to the Bloomberg Billionaires Index report, Gautam Adani has now slipped from third to the fourth position in the list of the world’s richest people.
Adani companies had crashed
Gautam Adani’s units including Adani Power, Adani Wilmar, Adani Ports, Adani Green, and Adani Total Gas, Adani Enterprises crashed in the stock market. Adani Companies suffered heavy losses due to the sharp fall in share prices. The 60-year-old Adani suffered a loss of about $ 9.67 billion or Rs 78,913 crore.
How much loss in which company?
Shares of Adani Total Gas Ltd closed down 7.90 percent at Rs 3,076 and Adani Wilmar at Rs 717.75. On the other hand, Adani Power shed 4.00 percent to Rs 354.85 and Adani Enterprises fell 8.42 percent to Rs 3,164.75. The share price of Adani Port closed at Rs 784.95 and shares of Adani Energy declined by 7.65 percent to Rs 2,087.85.
Elon Musk’s loss
On the other hand, the index report said Musk lost around $15.5 million or Rs 1.26 lakh crore as shares of his automotive company Tesla fell by a whopping 8.6 percent, its lowest single day in four months. ‘s decline. According to news reports, the market value of the carmaker has fallen by $ 71 billion due to the fall in Tesla shares. Significantly, despite heavy losses, Musk remains the richest man in the world. At present, Adani is the fourth richest person in the world after Amazon founder Jeff Bezos and Louis Vuitton chairman Bernard Arnault.
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