Bloomberg has released Billionaires Index featuring the the world's top earners, with Indian tycoon Gautam Adani being the latest member who exits the wealthiest individuals list after slipping to the eleventh spot on the recent Index.
Bernard Arnault, the French business magnate, and owner of Louis Vitton, crossed Twitter CEO Elon Musk, for being the richest man in the world.
The Bloomberg Billionaires Index, the list of the world’s 500 richest people based on their net worth, ranked Arnault at the top with $189 billion net worth, Elon Musk at second with $160 billion, Jeff Bezos at third with $124 billion, and Bill Gates and Warren Buffet at fourth and fifth spot with $111 billion, and $107 billion respectively.
The last five in the top 10 include Larry Ellison, Larry Page, Steve Balmer, Sergey Brin, and Carlos Slim.
Meanwhile, Gautam Adani – known for being the richest Indian and Asian – exits the list as his wealth dropped by a whopping $8.21 billion in recent times.
Adani Total Gas Ltd, a firm owned by an Indian business magnate, shrunk by 10 percent daily limit to lead losses in most of the group’s stocks, reports in international media claimed.
Nearly a dozen firms owned by Adani Group jolted with $75 billion shock in market in wake of report by Hindenburg Research which claimed stock manipulation and accounting fraud.
Pakistani rupee saw marginal improvement against US dollar as it appreciated in the open bank market.
On Thursday, the US dollar moved up and was being quoted at 285.3 for buying and 288.15 for selling.
Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.
UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.
|UK Pound Sterling||GBP||358.5||361.5|
|Hong Kong Dollar||HKD||36.63||36.98|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.
On Thursday, the single tola of 24 Karat gold was available at Rs218,600, and the price for 10-gram gold reached Rs187,420.
Meanwhile, the 22 Karat Gold price stands at Rs200,380, 21 karat rate for each tola is Rs191,275 and 18k gold rate hoveres around Rs163,950.
In international market, the price of precious metal hovers around $2,045 per ounce.
|Lahore||PKR 218,600||PKR 2,675|
|Karachi||PKR 218,600||PKR 2,675|
|Islamabad||PKR 218,600||PKR 2,675|
|Peshawar||PKR 218,600||PKR 2,675|
|Quetta||PKR 218,600||PKR 2,675|
|Sialkot||PKR 218,600||PKR 2,675|
|Attock||PKR 218,600||PKR 2,675|
|Gujranwala||PKR 218,600||PKR 2,675|
|Jehlum||PKR 218,600||PKR 2,675|
|Multan||PKR 218,600||PKR 2,675|
|Bahawalpur||PKR 218,600||PKR 2,675|
|Gujrat||PKR 218,600||PKR 2,675|
|Nawabshah||PKR 218,600||PKR 2,675|
|Chakwal||PKR 218,600||PKR 2,675|
|Hyderabad||PKR 218,600||PKR 2,675|
|Nowshehra||PKR 218,600||PKR 2,675|
|Sargodha||PKR 218,600||PKR 2,675|
|Faisalabad||PKR 218,600||PKR 2,675|
|Mirpur||PKR 218,600||PKR 2,675|