Gautam Adani loses pole position in net worth to Mukesh Ambani

The Adani family was the fastest gainers among billionaire's for three consecutive years in CY20, CY21 and CY22

A further rout in the share prices of Adani group stocks on Wednesday led to Gautam Adani losing his pole position in India’s billionaires’ list to Mukesh Ambani, chairman of Reliance Industries.

Adani family’s net worth plummeted 14.4 per cent on Wednesday to Rs 7.1 trillion (around $86 billion) from Rs 8.29 trillion ($101 billion) a day before. In comparison, Ambani family’s net worth was down just 0.7 per cent on Wednesday to Rs 7.77 trillion (around $95 billion).

On Wednesday, the 10 Adani group stocks were down in the range of 2.5 per cent (Adani Transmission) to 28.4 per