Mumbai Seeing what happened from what! This thing is fitting on Gautam Adani. Gautam Adani’s business empire has been on a steady decline ever since a report by short seller Hindenburg Research came out on January 24. The fall in the shares of Adani Group is being seen every trading day. As a result, Gautam Adani is also out of the list of 30 richest people in the world. His net worth has also reduced to almost half as compared to Mukesh Ambani. Gautam Adani was ranked among the world’s number 2 and number 3 rich last year, but the Hindenburg report has snatched this crown from him.
Talking about Gautam Adani’s net worth, it was $116 billion last year. Within a month, it has come down to $35.3 billion. In September 2022, Adani’s net worth had reached $ 150 billion. Gautam Adani was almost twice as rich as Mukesh Ambani then, but now the tables have turned and Ambani has left him far behind. Mukesh Ambani is at number 8 in the list of rich with $ 84.1 billion. Whereas, Gautam Adani has rolled at number 33. This net worth of Ambani is about $ 49 billion more than that of Adani.
Not only Gautam Adani has lagged behind Mukesh Ambani in the list of the rich, the condition of his companies has also deteriorated. The share price of Adani’s companies has come down by up to 85 per cent. The market cap has also halved. However, Gautam Adani released the video and assured the investors not to worry. He had said that he will come back and show, but at present the situation is becoming a problem for him everyday. At present, it does not seem that the shares of Gautam Adani’s companies will rise and their fortunes will improve. Still, the world survives on hope. Gautam Adani might also be in the same hope.