Gautam Adani is a name which has been in the headlines of every newspaper, TV channel and website for the last one month. American short selling company Hindenburg Research released a report on 24 January 2023 against Adani Group. After which there was a tremendous fall in the shares of Adani Group and there is continuous uproar in the stock market as well. Since then, Gautam Adani is continuously falling down in the list of the world’s rich. Now Adani is at number 29 in this list. Apart from Adani, the country’s richest businessman Mukesh Ambani has also slipped down to number 12 in this list. There has been a decline in the net worth of both the billionaires.
Adani’s net worth is continuously decreasing
Ever since the Hindenburg report came out, Gautam Adani has been incurring losses and his net worth has come down. Shares of the group are also falling and investors are worried. Please tell that at one time his net worth was close to $ 150 billion and he had become the second richest person in the world. He was the first person from Asia to achieve this position. But now Adani’s wealth is continuously decreasing.
According to the Bloomberg Billionaire Index, Adani’s net worth is currently $ 42.7 billion and he is at number 29 in this list. On Wednesday too, there was a huge fall in the shares of Adani Group and Gautam Adani’s net worth decreased by $ 3.39 billion. Both Sensex and Nifty rolled down on 22 February 2023. All 10 stocks of Adani Group closed down.
Had to wash hands from Orient Cement deal
Gautam Adani also lost a deal related to electricity meters in Uttar Pradesh. Then the deal with DB Power-PTC India also got cancelled. Now Orient Cement has also decided not to do the deal with Adani Group. According to a report, Orient Cement of CK Birla Group has terminated its agreement with Adani Power Maharashtra.
Mukesh Ambani at number 12 in the list of rich
The continuous fall in the market has affected not only Adani but also Ambani. Shares of Reliance Industries have also fallen in the storm in the market. RIL shares fell 2.35 per cent to close at Rs 2377 on Wednesday, after which Mukesh Ambani’s net worth declined and his net worth came down by $1.96 billion. This is the reason why Mukesh Ambani has reached the 12th position in the Bloomberg Billionaire Index. At present, Mukesh Ambani has total assets of $ 815 billion.
