Adani | Gautam Adani slips to 8th position in global richest list

Adani | Gautam Adani

Gautam Adani: Big dent in the Adani Net worth, Slips to 8th position in global ranking

Breaking News:

Adani Slipped to 15th Now

1st February, 2023

Adani slipped to the 15th position as of today, February 1, 2023. There were huge blows to Adani's net worth. The Adani shares are bleeding, and there is no indication of further healing. There is a negative impact on Adani groups after the Hindenburg report. In the international market, no one is interested in Adani's shares. People are pulling their money from it. A person who was at number 3 is now at number 15 with a total loss of 77 billion dollars.

What Happened to Adani

Following a negative report on the company by US-based short seller Hindenburg Research, shares of Adani Group plunged last week, pushing its billionaire founder Gautam Adani from third to eighth position on the Forbes Billionaires Index.

The business tycoon has lost nearly $41.7 billion (Indian Rupees 3,40,230 Crore) of his net worth so far this year. According to Forbes on 31st December 2022 his net worth was $128.6 billion. Adani’s wealth fell by $22.5 billion on Friday and another $9.8 billion on Monday to $86.9 billion, and at 08th position in global richest list as showed in Forbes richest list.

With a net worth of  $147 billion in September 2022, Adani has surpassed Jeff Bezos, the founder of Amazon, to claim the second-richest position in the world. With net worths of $167 billion and $126 billion, Elon Musk and Jeff Bezos are ranked second and third in the index, respectively, while Bernard Arnault of LVMH continues to hold the top spot.

The Hindenburg report has dented his net worth; most Indian PSUs were handed over to Adani Group by the Modi government. Adani is not only losing money alone; he is also going to drown the Indian economy. The Indian economy is in danger now.

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