Mukesh Ambani loses nearly $7 Billion in a day as shares of Reliance Industries tumble

11:40:00 PM, Monday 2nd of November 2020 | in business

Mukesh Ambani, Asia's richest man, has lost nearly $7 billion from his net worth after the shares of Reliance Industries Ltd. dipped following the drop in the company's oil revenues in the second quarter. The firm's shares tumbled due to the impact of the coronavirus pandemic. As per Bloomberg Billionaire's Index, Ambani's net worth dropped by nearly $7 billion to reach $71 billion at present.