Gautam Adani: Gautam Adani lost more in five days than he earned in a year, Mukesh Ambani became the king of Asia – gautam adani lost 48.5 billion dollar slips to 13th position
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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 has termed this report as a bundle of lies and said that it is a conspiracy to defame it before the FPO. But this has caused a huge fall in the shares of Adani Group. The market cap of group companies has decreased by about $ 100 billion. Before the arrival of this report, Adani was at number three in the list of the world’s rich. But now he has slipped to number 13. Most of the decline in his net worth has come in the last one week.
all stocks fall
Shares of seven out of ten companies of Adani Group had gained momentum on Tuesday, but on Wednesday all the shares closed down. Shares of Adani Enterprises, the flagship company of the group, closed down 25 per cent. Similarly, 20 percent in Adani Power, 20 percent in Adani Ports, 19.26 percent in Ambuja Cements, 10 percent in Adani Total Gas, Adani Green Energy Energy) declined by 8.08 per cent, ACC Ltd by 6.34 per cent, Adani Transmission by 5.75 per cent, NDTV by five per cent and Adani Wilmar by five per cent.
Ambani again became the king of Asia
Reliance Industries Chairman Mukesh Ambani has once again become Asia’s richest man. However, on Wednesday, his net worth declined by $491 million. He is 12th in the list of world’s rich with $ 81 billion and number one in Asia. His net worth has declined by $6.08 billion this year. Interestingly, out of the world’s top 39 billionaires, only Adani and Ambani’s net worth declined this year. Rest of the net worth has increased this year. Adani was the highest earner last year and this year he has lost the most net worth.
Gautam Adani walks in the bath, will the shine remain intact?
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 $191 billion. Elon Musk, the owner of Tesla, SpaceX and Twitter, is second in the list with a net worth of $169 billion. Amazon’s Jeff Bezos ($129 billion) third, Microsoft founder Bill Gates ($113 billion) fourth, legendary investor Warren Buffett ($108 billion) fifth, Larry Ellison ($103 billion) sixth, Larry Page ($92.7 billion) Seventh, Steve Ballmer ($ 90.2 billion) is eighth, Sergey Brin ($ 89.1 billion) is at number nine and Carlos Slim ($ 85.7 billion).
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