India's Mukesh Ambani has lost his crown as Asia's richest person afte…


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India's Mukesh Ambani has lost his crown as Asia's richest person afte... 3

India's Mukesh Ambani has lost his crown as Asia's richest person after the latest rout across global markets wiped almost $6 billion off his fortune, according to the Bloomberg Billionaires Index.

All told, the world's 500 richest people lost $238.5bn on Monday, according to Bloomberg, the biggest daily plunge since the index began tracking them in October 2016.

Equity and oil markets went into meltdown on what has been dubbed Black Monday as growing fears about the economic impact of COVID-19 were compounded by Saudi Arabia's decision to slash crude prices following a row with Russia over production cuts.

Crude prices tanked by a third in their worst drop since the 1991 Gulf War.

#DawnToday

India's Mukesh Ambani has lost his crown as Asia's richest person afte... 6


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16 Comments

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  1. It doesn’t matter for him.
    Even He can buy entire Pakistan.

    And don’t forget he lost 6 billion, that not a big loss for him. What about Pakistan’s six billion loan from IMF u got it after lots of request to US and Western countries?
    By the way it was a bailout package for Pakistani economy to sustain.

  2. He is Ambani, he once became Richest man on earth for short time. This is not a big deal for him if he lost the first place in Asia. He can still buy many countries.

  3. Hardly matters as India is producing more and more millionaires and billionaires but what India requires is to bridge the rich-poor gap which is more important.

  4. The question what he can buy but he has surely bought Modi and co. So that he can accumulate as much wealth as he can from the feku PM assistance

  5. He lost $6 billion in one day.
    After 7 decades, Pakistan Forex is hardly $6 billion.

    Entire Pakistan can’t stand in front of Ambani alone and still boast like they are world power. Poor souls.

  6. The fundamental difference between Jack maa and Mukesh Ambani is Jack Maa only focused towards betterment of life, he emphasized on empowering whereas Jio or Mukesh Ambani has always been empowering for personal growth and make money out of it.

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