The five richest people in India lost nearly $10 billion on Monday amid a stock market crash. Indian investors were left Rs 14 lakh crore poorer on Monday as the benchmark indices declined sharply amid a global market meltdown. The number had been significantly higher at one point during morning trade — with investor wealth eroding by Rs 20.16 lakh crore.
As per the Forbes real time billionaires list, Mukesh Ambani lost $2.9 billion during the day to have his fortune dip to $ 88.4 billion. The second richest man in India — Gautam Adani — followed closely behind with a $2.8 billion loss and a revised net worth of $ 57.6 billion. Savitri Jindal & family (currently ranked 47 on the overall list) lost 2.3 billion to see their net worth fall to $33.8 billion on Monday evening.
HCL Technologies founder Shiv Nadar (currently the fourth richest Indian) followed with a loss of $ 902 million — taking his overall fortune down to $ 31.5 billion. Dilip Shanghvi rounded out the top five with a $632 million loss on Monday and an existing fortune of $26.3 billion.
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