Reliance Industries, Mukesh Ambani's flagship company, has faced pressure in its core businesses. However, market analysts remain cautiously optimistic.

The drop in their net worth comes amid various challenges affecting their commercial interests and personal wealth.

As 2024 approaches, these ongoing allegations are expected to continue affecting the stock prices of the Adani Group.

The duo ranked among India’s wealthiest and some of Asia’s richest individuals, and have been dropped due to various business challenges.

Gautam Adani and Mukesh Ambani are no longer in the centibillionaires club on Bloomberg’s Billionaire Index.

India's wealthiest individuals, Mukesh Ambani and Gautam Adani, have recently seen their fortunes dip below $100 billion. Ambani's Reliance faces decl

While Ambani and Adani continue to dominate India’s corporate landscape, their recent setbacks highlight the volatile nature of global business dynamics and the pressures faced by the country’s leading conglomerates.

India’s two wealthiest businessmen, Reliance Industries CMD Mukesh Ambani and Adani Group chairman Gautam Adani, have fallen out of Bloombergs elite “centibillionaires club” in 2024. The club comprises individuals with personal fortunes exceeding $100 billion.

Mukesh Ambani and Gautam Adani exited Bloomberg's $100 billion club in 2024 due to business challenges, including underperforming divisions and investigations. Ambani's wealth fell to $96.7 billion, Adani's to $82.

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 setbacks,

India's richest people Mukesh Ambani and Gautam Adani have both dropped out of Bloomberg's $100 billion club amid business challenges. While Ambani's Reliance faces slowing growth and rising debt concerns,