Ambani and Adani out of ‘Elite Centi Billionaire Club’: Net worth of both reached below 100 billion dollars this year

India’s richest people Mukesh Ambani and Gautam Adani have been out of Bloomberg’s list of $ 100 billion (about Rs 8.49 lakh crore) this year. With this, both these billionaires have been left out of the ‘Elite Centi Billionaire Club’, which is made for people with a net worth of more than 100 billion dollars.

However, the wealth of India’s top 20 rich has increased by $67.2 billion since January 2024. Those whose wealth has increased the most include IT tycoons Shiv Nadar ($10.8 billion) and Savitri Jindal ($10.1 billion). According to Bloomberg, Ambani’s wealth declined when his company’s retail and energy divisions performed poorly.

Ambani’s net worth decreased from $ 120.8 billion to $ 96.7 billion.

According to the Bloomberg Billionaires Index, when his son Anant got married in July, his net worth was $ 120.8 billion, which has come down to $ 96.7 billion as of December 13.

At the same time, in November, the US Justice Department accused Adani of bribery and fraud to get a contract related to solar energy, after which his wealth saw a decline. In June, Adani’s total net worth was $ 122.3 billion, which came down to $ 82.1 billion. Adani has also suffered huge losses due to Hindenburg Research report and allegations of fraud.

Ambani is at 17th place and Adani is at 19th place in the list of world’s richest people.

Source: Bloomberg Billionaires Index