By Admin 
Ambani-Adani Wealth Sinks: Koharam, who was in the stock market due to Trump’s tariff, caused heavy damage to the wealth of the top four billionaires of India. The day of April 7 was like a nightmare for them. The assets of India’s four top billionaires Mukesh Ambani, Gautam Adani, Shiv Nadar and Savitri Jindal declined by $ 10.3 billion in a single day, or about 86 thousand crores.
Due to this shock, the total assets of the country’s richest industrialist Mukesh Ambani decreased by $ 3.6 billion and it remained at $ 87.7 billion. While Gautam Adani’s assets fell by $ 3 billion to $ 57.3 billion.
If we talk about Asia’s richest woman Savitri Jindal, then her family’s property has come down by $ 2.2 billion to $ 33.9 billion. So at the same time, the assets of HCR Technology founder Shiv Nadar have fallen by $ 1.5 billion to $ 30.9 billion.
Some billionaires are not affected
However, while the earthquake in the stock market, the rich industrialists got a big shock, there are some billionaires who have no effect on economic health. These include the name of veteran investor Warren Buffet. His wealth has increased by $ 12.7 billion this year. After which his assets have now become $ 155 billion.
Alan Musk’s assets are now 302 billion dollars. Musk’s assets have decreased by $ 130. While Jeff Bezos’s total assets were reduced by $ 45.2 billion to $ 193 billion, Mark Zuckerberg’s assets have reduced by $ 28.1 billion to $ 179 billion. Bill Gates’ assets also decreased by $ 3.38 and now their assets have gone up to $ 155 billion. While the total assets of Bernard Arnault of LVMH have reduced by 18.6 billion to $ 158 billion.
Crash stock market worldwide
In fact, the impact of tariff hit from America to China, Hong Kong to Taivan and South Korea is seen falling on the stock markets there. In India, on Monday 7 April, the market opened 19 lakh crore rupees within five minutes.
The Indian stock market crashed on 7 April. Donald Trump’s tariff announced and China’s retaliation on it stirred up the market. The Sensex closed down by 2226 points, while the Nifty went down to 22 thousand. This decline reduced the assets of investors about Rs 13.5 lakh crore in a day. Due to this, there was an outcry in small cap and mid -cap stocks. The BSE dives 3.46 percent in the midcap index and 4.16 percent in the small cap index.
All sectoral index also closed in red mark. The most declined was seen in the shares of metal IT reality and capital goods. At the end of the trading, the BSE Sensex fell 2226.79 points or 2.95 per cent to close at 73, 137.90. At the same time, the NSE’s 50 -share index Nifty lost 742.85 points or 3.24% to close at 22,161.60.
Dr. VK Vijaykar, the chief investor of Jiojit Financial Services, believes that uncertainty in the market is very high at this time. In such a situation, the announcement of trade policy and tariff from Trump has made such a bad situation in the global market.
Also read: Tariff war and fear among investors … How can the market move today? Experts told where to invest safe