Gautam Adani's net worth has come down to $84.4 billion. He is now just one rung above Reliance owner Mukesh Ambani. Ambani's total assets are $ 82.2 billion. According to the Bloomberg Billionaire Index, Adani has now come at number 11 in this list, which was at number three a few days ago.
New Delhi: After the revelations in the Hindenburg report, Gautam Adani, one of the richest man in Asia, has suffered huge losses. His group companies have incurred a loss of $34 billion in three days. Not only this, Gautam Adani has also dropped out of the top ten rich list in the Bloomberg Billionaires Index.
Adani has slipped from 4th position to 11th position in the Billionaires Index and shares of his group companies continue to decline. It is estimated that soon Gautam Adani may also lose the title of Asia’s richest person.
Wednesday’s stock losses saw Mr Adani slip to 15th on the Forbes rich list with an estimated net worth of $76.8 billion.
Net worth decreased to $ 84.4 billion
Gautam Adani’s net worth has come down to $84.4 billion. He is now just one rung above Reliance owner Mukesh Ambani. Ambani’s total assets are $ 82.2 billion.
On January 25, Hindenburg released a 32,000-word report regarding the Adani Group. The findings of the report included 88 questions. The report claimed that the group has been involved in stock manipulation and account fraud for decades. Adani Group founder Gautam Adani’s wealth has increased by $1 billion to $120 billion in three years due to rising share prices, the report said. During this period, the shares of 7 companies of the group have increased by an average of 819 percent.