Adani Hindenburg Impact: Veteran Indian businessman Gautam Adani was the third richest person in the world till just a month ago. However, during the last one month, Gautam Adani’s net worth has decreased at a record pace and now he has slipped to the 30th position in the list of world’s richest people. Now his net worth has also come down below 40 billion dollars.
A report overturned the picture
A controversial report by American short seller firm Hindenburg last month is the reason for this. In a report released on January 24, Hindenburg made several serious allegations against the Adani group. It was said in the report that the value of Adani Group’s shares is very high. Apart from this, many other allegations were also made including manipulating the prices of shares. Since the report came out, there has been a huge decline in the shares of Adani Group almost every day. Due to this, the net worth of Gautam Adani is also decreasing rapidly.
once the net worth was so much
Gautam Adani became one of the three richest people in the world for the first time in the month of September last year. According to data from the Bloomberg Billionaires Index, Adani’s total assets (Gautam Adani Total Net Worth) reached $ 143 billion after the market closed on 31 October. Then only Tesla CEO Elon Musk Networth and Amazon’s Jeff Bezos Networth were richer than him.
damage done so far
However, now this picture has completely changed. If you look at the latest figures of Bloomberg Billionaires Index, now Gautam Adani’s net worth is only $ 39.9 billion left. In the last one month, Gautam Adani has lost more than $ 80 billion. Gautam Adani’s wealth, which once went miles ahead of Mukesh Ambani, is now less than half of the Reliance chairman’s net worth. Mukesh Ambani is currently the 10th richest person in the world with a net worth of $81.7 billion.
lucky last year
Last year i.e. 2022 was very lucky for Gautam Adani. In February last year, he became the richest person in India and Asia leaving behind Mukesh Ambani. During the month of April last year, Gautam Adani’s net worth crossed $100 billion for the first time. One by one, he was successful in leaving behind moneylenders like Bill Gates Networth and Bernard Arnault. In 2022 alone, Adani’s net worth had increased by about $70 billion. However, in the last one month itself, he has suffered more losses than this.
So much damage to Adani’s companies
Since the arrival of the Hindenburg report, 10 listed companies of the group have also suffered huge losses. The combined market cap of these group companies has decreased by Rs 12.06 lakh. This figure of loss is almost equal to the value of TCS, India’s second largest listed company. Adani Total Gas Ltd’s share fell the most by 80.68 per cent. At the same time, the shares of Adani Green Energy and Adani Transmission have fallen by about 75 percent. Shares of Adani Enterprises, the flagship company of the group, have fallen by about 62 per cent since then.