Gautam Adani: The tycoon weathering stock market panic
Indian industrialist Gautam Adani is Asia’s richest man, with a business empire spanning coal, airports, cement and media now rocked by corporate fraud allegations and a stock market crash.
But the billionaire — who this week lost $25 billion to his net worth and tumbled from third to seventh place on Forbes’ global rich list — is one of the business world’s great survivors.
On New Year’s Day in 1998, Adani and an associate were reportedly kidnapped by gunmen demanding $1.5 million in ransom, before being later released at an unknown location.
