Gautam Adani: Gautam Adani lost more in a few days than Mukesh Ambani earned in a lifetime
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Adani’s net worth reached $147 billion in September last year but since then it has declined by $88 billion. This is more than the total net worth of Mukesh Ambani, chairman of Reliance Industries and Asia’s biggest billionaire. Ambani is ranked 12th in the list of the world’s rich with a net worth of $80.7 billion. Adani’s net worth has declined by more than $ 50 billion after the report of Hindenburg Riches. Adani has also slipped to number three in the list of Asia’s rich. His net worth has declined by $61.6 billion this year.
why the decline
A report by Hindenburg Research last week claimed that the Adani Group has been involved in blatant stock manipulation and account fraud for decades. However, Adani Group termed this report as a bundle of lies and called it a conspiracy against India. But this led to a huge fall in the shares of Adani Group. Shares of six out of 10 listed companies of Adani Group closed down on Friday, the last day of the week. Due to this, Adani’s net worth declined by $ 2.34 billion. However, the shares of Adani Enterprises, the flagship company of the group, closed with a gain of 1.25 per cent.
Understand the difference between being Mukesh Ambani and Gautam Adani
Who are in the top 10
French businessman Bernard Arnault remains at number one in the list of the world’s rich with a net worth of $196 billion. Elon Musk, the owner of Tesla, SpaceX and Twitter, is second on the list with a net worth of $175 billion. Amazon’s Jeff Bezos ($128 billion) third, Microsoft founder Bill Gates ($117 billion) fourth, legendary investor Warren Buffett ($107 billion) fifth, Larry Ellison ($104 billion) sixth, Larry Page ($97.2 billion) Seventh, Sergey Brin ($92.9 billion) eighth, Steve Ballmer ($92.3 billion) ninth, and Carlos Slim ($83.4 billion) are at number ten.
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