new Delhi. Mukesh Ambani has dropped out of the Forbes list of the top 10 rich in the world due to the continuous decline in the shares of Reliance Industries Limited. Sergey Brin and Steve Ballmer have pushed him to 11th position. In fact, on November 2 and November 3, Mukesh Ambani’s assets have fallen by more than 7 billion. This decline is due to the decline in RIL shares. After the second quarter results, Mukesh Ambani-owned Reliance Industries shares fell 9 per cent on November 2 and 1.40 per cent on November 3.
Mukesh Ambani rolled down 11 places
Mukesh Ambani, not only India but Asia’s richest person, has now dropped out of the top 10 list of the world. Now he is at number 11 and his wealth has reached $ 70.1 billion. While Google’s co-founder Sergey Brin is 9th with $ 71 billion. While Microsoft’s Steve Ballmer has come in 10th place. His assets have grown to $ 70.7 billion. Earlier on November 2, Mukesh Ambani slipped four places to 9th position.
No significant difference
There is not much difference in the wealth of Sergey Brin, Steve Ballmer and Mukesh Ambani. If today, on Wednesday, RIL shares are seen buying and the shares are closed with a gain of 2 per cent, then Ambani can push both back. On the other hand, the US-US election results are also continuing. In such a situation, there can be a stir in the American markets as well. If Trump wins, the market may see a boom. The market could collapse if Verna Biden wins. In such a situation, the assets of foreign industrialists will be decided on the trend of today’s foreign markets.
Mukesh Ambani’s few days are not good
The decline in the company’s shares started on October 12, before the company’s stock closed at Rs 2,236.60 on October 9. While the stock of the company closed at Rs 1849.45 on Tuesday. In such a situation, the stock of the company has fallen by Rs 387.15 in 17 trading days. Whereas on Tuesday and Wednesday, the company’s stock has fallen by Rs 204.90.
Week on week decline in market cap of the company
Between October 26 and 30, the market cap of the company declined by Rs 39,355.06 crore.
23 42,567.02 crore decline in the market cap of the company from 19 to 23 October.
Between October 12 and 16, the market cap of the company declined by Rs 39,355.06 crore.
– A loss of Rs 1,21,277.14 crore in the company’s market cap in the last 15 trading days of October.
– On the first trading day of November, the company has lost Rs 1,19,721.88 crore in the market.
Since October, the company has incurred a loss of Rs 2.50 lakh crore.