28 February, 2023

The Downfall Of Adani: Slips To 25th Spot In Richest List

By Susmita Nath

$70 Billion Loss

Gautam Adani has seen his wealth slump by $70 billion so far this year, as per Bloomberg Billionaires index.

Big Dip:

This is the biggest year-to-date loss among 500 billionaires tracked by Bloomberg index

Slipping Ranks:

Gautam Adani has gone from being world’s second richest man to 25th position due to his current losses.

Net Worth :

The Adani Group Chairman’s net worth now stands at $49.1 billion.


Adani Stocks have tanked after US based short-seller Hindenburg accused the conglomerate of accounting fraud and manipulation.

Shares On Rout:

Following Hindenburg’s report, Adani Group stocks have consistently seen falls.

Nosediving Market Caps:

The port-to-power conglomerate has lost nearly $130 billion in market cap.

Gap with Ambani :

With Adani’s loss, Mukesh Ambani has now become the richest Indian and occupies 11th spot.

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