• About
  • Contact
Friday, July 1, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Radhakishan Damani Going Strong Despite Other Billionaires Fall

Pritish raj by Pritish raj
March 13, 2020
in News, Retail
Reading Time: 2 mins read
A A
0
Radhakishan Damani Donates- Next Big Brand

Radhakishan Damani- Next Big Brand

  • Ace investor Radhakishan Damani is the only Indian billionaire on the Bloomberg Billionaire Index, which given the market turmoil is still positive for this calendar in terms of wealth.

Ace investor Radhakishan Damani is the only Indian billionaire on the Bloomberg Billionaire Index, which given the market turmoil is still positive for this calendar in terms of wealth creation. This, even as the richest Indian, Mukesh Ambani, has been the fifth-largest net worth loser globally.

Damani, owner of the D-Mart supermarket chain, as of Friday was worth $10.1 billion, with his capital up to the present $416 million. On the other hand, Ambani has seen nearly 32 percent of wealth loss in the midst of a free fall in crude oil prices and the stock market mayhem. His oil-to-telecom behemoth, the value of RIL as of Friday stood at $40 billion, down $18.6 billion for the year.

The nearly $19 billion net worth fall for Ambani was the world’s fifth-worst off similar losses suffered by global billionaires Bernard Arnault (down $36.9 billion), Amancio Ortega (down $23.4 billion), Warren Buffett (down $19.1 billion) and Mark Zuckerberg (down $18.9 billion).

Other Indian billionaires like Wipro Azim Premji (down $3.23 billion to $15.1 billion), HCL Tech’s Shiv Nadar (down $2.27 billion to $13.5 billion), Kotak Mahindra’s Uday Kotak (down $2.41 billion to $12.4 billion) and Lakshmi Mittal (down $4.53 billion to $8.64 billion) all suffered major wealth loss in this market crash.

For the ongoing calendar, shares of Mukesh Ambani’s flagship Reliance Industries have tumbled 30.87 percent, IT stock Wipro has dropped 22 percent while HCL Tech has declined 13 percent. Kotak Mahindra Bank has slid 12.83 percent. But Damani’s D-Mart is still up 8.64 percent year-to-date.

Concerns over coronavirus spread have spooked investors the world over. The meltdown has wiped out Rs 46 lakh crore off domestic equities since January 20.

The total market capitalization of BSE-listed firms tanked to Rs 113.49 lakh crore as of Friday from Rs 159.28 lakh crore 38 sessions ago, when the benchmark equity indices scaled their all-time highs.

The stock market decline has also had an effect on the properties of Mukesh Ambani. For that, in 70 days, there was a loss of around $15.20 billion (1.11 lakh crore) in its reserves.

Ambani’s head has also been taken away from the crown of Asia’s wealthiest. The crown of being Asia’s richest individual now belongs to Alibaba’s CEO Jack Ma. Aside from that, Jack Ma was ranked 18th in the Bloomberg Billionaires Index on the list of the richest people in the world on March 11, while Mukesh Ambani came in 19th.

Previous Post

TCS Has Lost Over ₹2 lakh crore In Past 3 Months As Shares Crash

Next Post

Under 40 Indian Leaders on WEF’s Young Global Leaders List 2020

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

20220630 185323
Cryptocurrency

Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption

June 30, 2022
Metawhale Team
Cryptocurrency

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
WhiteHat Jr Ads- Next Big Brand
News

Byju’s-owned WhiteHat Jr Lays Off 300 Employees

June 29, 2022
Reliance CEO Mukesh Ambani
Industries

Mukesh Ambani Resigns as Director of Reliance Jio, Son Aakash Ambani Named Chairman

June 28, 2022
png 20220628 164551 0000
Cryptocurrency

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys

June 28, 2022
20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
Next Post
indian leaders - next big brand

Under 40 Indian Leaders on WEF’s Young Global Leaders List 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption
  • World’s First NFT Museum Launched By Metawhale World
  • Byju’s-owned WhiteHat Jr Lays Off 300 Employees

Latest News

20220630 185323

Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption

June 30, 2022
Metawhale Team

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.