Gautam Adani lost more than 1 lakh crore in four days, also slipped down in this list of nobles
Gautam Adani lost more than 1 lakh crore in four days
- Gautam Adani suffered a major setback due to a media report
- The loss so far has been more than Rs 1 lakh crore
- Shares of Adani Group recorded a tremendous decline this week
New Delhi: Gautam Adani no longer ranks Asia’s second-richest in the Bloomberg Billionaires Index after shares of his group companies fell after media reports said the accounts of the top three offshore investors in the Adani group companies were under-reported. The owner was frozen in absence.
shock from a report
India’s veteran industrialist Gautam Adani has been hit hard by the stock market and is no longer the second richest person in Asia. Due to a media report, the shares of Adani companies have fallen drastically. According to the Bloomberg Billionaires Index, Gautam Adani’s net worth has dropped by nearly $1.8 billion to $63.5 billion this week. According to Bloomberg, the chairman and founder of the Adani Group has lost more money than anyone else in the world this week.
Adani, 58, is now $1.8 billion behind Chinese industrialist King Zhong Shanshan. Mukesh Ambani continues to top the list of richest people in Asia with $84.5 billion. The market capitalization of six listed companies of the Adani-led Ports-to-Energy group fell by Rs 1.59 lakh crore on Thursday alone. The shares of Adani Power, Adani Total Gas and Adani Transmission had to short circuit 5% during the four consecutive trading sessions.
There was a tremendous increase in shares this year
Media reports said top foreign portfolio investors (FPIs) have been frozen, with six of the group’s stocks falling 9%-22% this week. However, clarification was given by the company, NSDL and investors and the report was rejected. Shares of Adani Group saw a spectacular rise this year. The stock rose 335 per cent to Rs 1,625.8 on June 11 from Rs 374.9 on January 2021, making Gautam Adani the richest person ever in 2021.
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