Mukesh Ambani, Gautam Adani out of Bloomberg $100 billion club amid business setbacks
Mumbai: Reliance CMD Mukesh Ambani and Adani Group chairman Gautam Adani, two of Asia's wealthiest individuals and India's richest billionaires, have both left Bloomberg's $100 billion club for the year due to various business challenges.
The wealthiest people in India, however, saw an increase in their net worth overall. Since January 2024, the top 20 have gained $67.3 billion, with tech mogul Shiv Nadar ($10.8 billion) and Savitri Jindal ($10.1 billion) making the most gains, the report said.
Mukesh Ambani and Gautam Adani are both grappling with challenges that are affecting their business empires and personal wealth. As per the Bloomberg list, Ambani's personal fortune took a hit when the retail and energy divisions of his company underperformed. His wealth which stood at $120.8 billion in July, when his son Anant got married lavishly, dropped to $96.7 billion as of December 13, according to the Bloomberg Billionaire Index (BBI), which has investors worried about rising debt.
The issues are more serious for Adani. A US Department of Justice (DoJ) investigation is threatening his conglomerate and might halt any progress as uncertainty extends. According to the BBI, Adani's net worth dropped from $122.3 billion in June to $82.1 billion as a result of the November probe. Adani has also been hit hard by the Hindenburg Research investigation and allegations of fraud.
According to Bloomberg, Adani and Ambani are thus no longer members of the "elite centibillionaires club," which comprises those with wealth exceeding $100 billion.
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Two girls injured in separate wolf attacks in UP's Bahraich
Bahraich (UP) (PTI): Two minor girls were injured in separate incidents of wolf attacks in the Bahraich district, forest department officials said on Saturday.
In the first incident on Friday, Anushka Nishad (5), daughter of Baliram from Mallahanpurwa village, was sleeping alone inside her house when a wolf entered and tried to carry her away, they said.
Hearing her screams, family members and villagers rushed to the spot. The wolf left the child, hearing the commotion, and ran towards the fields. The girl sustained minor injuries from the animal's teeth, the officials said.
Divisional Forest Officer Ram Singh Yadav described the attack as deliberate and cleverly planned, as it occurred precisely when Anushka's mother went out for a few moments.
On the same day, Nancy (4), daughter of Kamlesh Yadav, was playing outside her house in Baburi Tola village when a wolf suddenly attacked and dragged her away.
Villagers raised an alarm, and the wolf released the child and ran towards the sugarcane fields. The injured child was sent to the Kaiserganj Community Health Centre for treatment.
Divisional Forest Officer Ram Singh Yadav told reporters that both attacks involved wolves, adding that the entire area is plagued by the animal's activity.
Since September 9, such attacks in the Bahraich district have claimed 10 lives, including eight children and an elderly couple, and injured dozens of people, the officials said.
District Magistrate Akshay Tripathi met the families of the victims on Friday and consoled them.
