Adani Group chairman Gautam Adani (YouTube/Adani Group)
Gautam Adani whose net worth is continuously falling after the release of the Hindenburg report now lost the spot in the world’s top 20 billionaire list.
Today, he lost over Rs 1680 crore as stocks of his group’s companies continue to lose market capitalization.
Most of the group’s stocks are locked in their respective lower circuits. These stocks include Adani Transmission, Adani Green Energy, Adani Wilmar, Adani Power, Adani Total Gas, and NDTV.
Currently, with a net worth of USD 57.5 billion, Adani is at the 22nd spot on the list of billionaires in the world.
It all started after Hindenburg research firm released a report raising concerns about shares of Adani Group companies having a possibility of declining from their current levels, owing to high valuations.
Soon after the release of the report, the stocks of companies belonging to the group started falling.
Though, the group responded to allegations and narrative peddled by the firm in a 400-page response, some of the group’s companies are still witnessing sharp sell-off.
Due to the Hindenburg effect, the net worth of Gautam Adani which was USD 134.2 billion on December 13, 2022, fell to USD 57.5 billion now.
Due continuous fall in the stocks of the group firms, the gap between the net worths of Gautam Adani and Reliance Industries Limited (RIL) chairman Mukesh Ambani is widening for the past two days.
Ambani who once again become the richest person in India on February 1 is currently at the eleventh position in the world’s billionaire list. His net worth is USD 82.4 billion.
After the exit of both Gautam Adani and Mukesh Ambani, no Indian is left in the world’s top 10 billionaire list. Currently, there are eight American and one French, and one Mexican on the list.
| Name | Net worth | Country |
| Bernard Arnault | $217.5 billion | France |
| Elon Musk | $183.2 billion | United States |
| Jeff Bezos | $136.0 billion | United States |
| Larry Ellison | $113.6 billion | United States |
| Warren Buffett | $108.3 billion | United States |
| Bill Gates | $106.1 billion | United States |
| Larry Page | $92.8 billion | United States |
| Carlos Slim Helu | $90.8 billion | Mexico |
| Sergey Brin | $88.8 billion | United States |
| Steve Ballmer | $84.8 billion | United States |
The list is topped by Bernard Arnault who is the chairman and CEO of the world’s luxury goods company LVMH. He is a French citizen.
Currently, with a net worth of USD 217.5 billion, he is the only person in the USD 200-billion club.
This post was last modified on February 3, 2023 12:35 pm