Net worth of billionaire, Gautam Adani plummeted to less than $50 billion for first time in several years. The real time billionaires list of both Forbes listed him as twenty fifth wealthiest person in the world with a fortune of $ 48 billion and Bloomberg estimated his net worth at $ 49.1 billion (down $1.15billion) respectively.
Net worth of Billionaire Gautam Adani slips to less than $50 billion
The massive drop experienced by Adani’s total wealth is largely due to a report published by Hindenburg Research, in which the short-seller accused the Industrialist and his conglomerate of carrying largest con in the history. The allegation leveled by Hindenburg has been vehemently denied by the Adani Group.
Gautam Adani, now fourth richest person in Asia
On the Forbes List , the founder Chairman of the Adani Group conglomerate is behind fellow Asian, China’s Zhang Yiming ($ 49.5 billion) and United States Phil Knight ($ 47.4 billion).
The allegations have proved quite damaging for Gautam Adani and has fallen from the list of world’s wealthiest people. He was third richest person at the start of the year , with highest net worth among Asians. Now he is the fourth richest person in the continent , behind compatriot Mukesh Ambani, and the Chinese duo of Zhong Shanshan and Zhang Yiming.
The Bloomberg Index, on the hand , ranked him between the United States Michael Dell ($49.2 billion) and France’s Alain Wertheimer ($49 billion)
Also Read: OnePlus 11: Top variant with innovative features to launch in India, specs and all other details here
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER
