India’s super rich lost $17 billion in Monday’s stock market crash | News on Markets

India’s richest saw their networth erode by $17 billion (Rs 1.44 trillion) during Monday’s market crash on fears of recession in 

the US. Overall, market capitalisation loss for all BSE-listed companies was $178 billion (Rs 15 trillion) amid a near 3 per cent drop in the benchmark indices Sensex and Nifty. Mukesh Ambani’s wealth declined $4 billion to $108.8 billion, according to data compiled by Bloomberg. Gautam Adani, ranked number two on India’s rich list, saw $6.3 billion get shaved off from his net worth, which declined to $103.6 billion.

Shapoor Mistry, Shiv Nadar, Savitri Jindal and Kumar Mangalam Birla saw their networth erode by around $1 billion each.