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Coronavirus outbreak: Mukesh Ambani loses $5 billion in notional terms; Adani, Birla also lose big

Reliance Industries' chairman Mukesh Ambani lost $5 billion of his wealth till date in notional terms.

India TV Business Desk Edited by: India TV Business Desk
New Delhi Updated on: February 28, 2020 15:31 IST
A file photo of Mukesh Ambani (PTI)
Image Source : PTI

A file photo of Mukesh Ambani (PTI)

The ripple effects of coronavirus outbreak, on the back of fears that it may turn into a pandemic, has adversely affected the wealth of top Indian billionaires.

As highlighted by a report in Economic Times, India's and Asia's richest man, Reliance Industries' chairman Mukesh Ambani, lost $5 billion of his wealth till date in notional terms. 

The newspaper report said that Aditya Birla Group's Kumar Manglam Birla had some $884 million wiped off in notional terms to date, as it cited the Bloomberg Billionaire Index. Azim Premji's wealth, on the other hand, has taken a notional hit of $869 million, while Adani Group head Gautam Adani is believed to have lost $496 million in two months.

Uday Kotak and Sun Pharma's Dilip Sanghvi are other two Indian businessmen who have felt the pinch of the coronavirus outbreak.

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