New Delhi. Gautam Adani Networth: Gautam Adani’s troubles are increasing after the report of American research firm Hindenburg Report. Where in a way today on Friday, the shares of Adani Group fell by up to 20%. On the other hand, a major impact has been seen on Adani’s net worth. According to the Forbes Billionaires Index, Adani’s net worth has declined by more than 17.38% in the last 24 hours. That is, there has been a loss of about 20 billion dollars (1 lakh 60 thousand crore rupees) in a single day. Gautam Adani’s net worth has reduced to $98.5 billion. With this, Adani has slipped from fourth position to seventh position in the list of billionaires. Let us tell you that after a long time, Adani’s assets have come below 100 billion dollars.
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According to Forbes’ Real Time Billionaires Index, Gautam Adani has now come at number 7 in the list of billionaires around the world. Before Adani, now Bill Gates has come in 6th place, Warren Buffett in 5th place and Larry Ellison in fourth place. In this list, Amazon founder Jeff Bezos is on the third position, Tesla CEO Elon Musk is on the second position and Bernard Arnault is on the first position.
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What is report?
A 32,000-word report by American short-seller Hindenburg Research has accused the Adani Group of ‘the biggest fraud in the corporate world’. In the report, Adani Group is accused of manipulation of shares and accounting fraud. However, terming these allegations as baseless, the Adani group has said to consider legal action.
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Research firm challenged
In a statement released from his official Twitter handle, Hindenburg has said – the research firm will demand the documents if the Adani group files a lawsuit against the report in the US court. If the Adani group is serious, it should also file a lawsuit in the US, where we operate. We have a long list of documents in the legal discovery process.
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SEBI increased surveillance on Adani’s shares
Meanwhile, there is news that market regulator SEBI has increased its probe into deals done by the Adani group in the last one year. According to the source, SEBI will now study the report released by Hindenburg Research and may conduct a preliminary inquiry. Let us tell you that today on Friday, there is a big decline in all the shares of Adani Group. Shares of seven listed companies including Adani Enterprises, Adani Ports, Adani Wilmar, Adani Green Energy, Adani Total, Adani Transmission, Adani Power are witnessing a major decline of up to 20%. Earlier on Wednesday, when the Hindenburg report came out, there was a huge fall in the stocks. The total market cap of Adani Group companies has decreased by about Rs 4 lakh crore in the last two trading days.
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