Mukesh Ambani's Reliance Industries has seen its market value decline by about $50 billion (Rs 4.2 lakh crore) since its high in July due to poor profitability and economic difficulties. The majority of Reliance's stock decline comes after the company's underwhelming performance last month. Mukesh Ambani has also witnessed a decline in his personal wealth owing to the underwhelming performance of his companies. The Indian billionaire now bears the risk of rosing his place in the coveted $100 billion club if the trend continues. Mukesh Ambani has a real-time net worth of $102.5 billion as of November 8, 2024, as per Forbes.

Source: dna November 08, 2024 12:16 UTC