Gautam Adani no longer among world’s top 20 richest people as Adani Group sheds $108 billion in market value
Gautam Adani, Chairman of Adani Group has gone from being the world’s third’s richest person on 17 January 2023 to not even being among the top 20 on Friday, 3 February. Adani’s net worth has fallen sharply from $124 billion on 17 Jan to $61.3 billion as of Friday. The steep decline in Adani’s fortune comes as a result of the Adani Group companies shedding $108 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a 24 January report. He has tumbled to 21st spot on the Bloomberg Billionaires Index.
