Gautam Adani slips to 7th in global rich list
The rout in Adani Group shares last week, following US-based short seller Hindenburg Research’s adverse report on the conglomerate, has pushed its billionaire founder Gautam Adani to seventh place from third in the Bloomberg Billionaires Index.
The business tycoon has lost nearly $27 billion of his net worth so far this year. Adani’s wealth fell by $6 billion on Wednesday and another $20.8 billion on Friday to $92.7 billion, showed the Bloomberg Billionaires Index.
