Hindenberg Row: Adani out of top 20 list of world’s rich, shares slip up to 60% after report – Gautam Adani Net Worth Fall Billionaire Index Adani Group Shares Fall


Gautam Adani

Gautam Adani
Photo: Instagram/gautam.adani

Veteran industrialist Gautam Adani’s net worth has suffered a major setback ever since the Hindenburg report became public. Where till some time ago he was at number three in the list of the world’s rich, now he is not even in the top 20.

According to Bloomberg’s Billionaire Index, Gautam Adani has dropped out of the top 20 rich list and has currently reached number 22. Gautam Adani has lost about $ 10 billion in a single day. On the other hand, the wealth of Facebook founder Zuckerberg has increased by $ 12.5 billion and he has reached the 13th place in the list of the world’s richest people.

Adani’s net worth decreased by $ 58 billion

Adani’s net worth was $155.7 billion in September. The net worth stood at $92.7 billion on Monday. Till December, Adani was the only rich among the world’s top rich whose wealth had jumped that year. Adani has now slipped to number 22 among the world’s richest.

What’s in Hindenburg’s recent report?

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.