This happened after reliance stock fell as much as 6.8%
So what do you think does he really lost 7 billion dollars?
That's a lot of money...thwre are not even 10 people who have their individual networth over 7 billion and he lost it like in a day?
No... It's not even goanna brother him much. Let me teach... You the stock market from the opposite door.
Till now you've been learning stock market as a consumer let me teach it to you from a person's poit of view who raises money stock not invest it.
So he lost 7 billion? No he did not... I mean yes that happened on paper.
Look... Sotco market is not real.. It's a bubble of supply and demand game.
You always hear this kind of news... Mukesh got sick sensex fell by x% and reliance lost y billion.
Because it's a supply and demand game..you have watched 1992 scam series right? Want was happening?
2 or 3 people single handedly manipulating the whole market... Because they had the capacity to buy and sell in bulk..
Now today.. Mukesh ambani has lost 7 billion on paper and there's a difference between paper money and teal money.
His networth is 80 billion lets say then it means if he sells everything he owns today then he will get 80 billion doesn't necessarily means he's going to sell it. He has a salery of 15 crores if I'm not wrong.
Now... The paper money fluctuation happens because it's based on supply and demand and if the demand for a particular shares goes up then that stock starts to trade at higher price and if the demand goes down shares values goes down.
But it doesn't effect I long term as long as the prices goes up back again.
I know i could explain better but there's only so much i can write In captions. I hope you read it till now and learned Something from it.
Peace out✌