COVID19 cost Mukesh Ambani nearly half of his wealth
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Coronavirus is affecting the businesses worldwide. Mukesh Ambani’s net worth fell by 41% to $34.4 billion on March 19th, after the crash of Indian stock exchange due to COVID19. RIL’s share prices have also nose-dived between January 1st and March 23rd. Since, mid-2018, RIL stock was above INR 1000, and in 2019, the value increased significantly. Due to the COVID19 outbreak it couldn’t retain that growth in 2020.