Business tycoon Gautam Adani has businesses in many fields. Companies that are related to him are doing business across the globe. It is known that his net worth increased massively in the past ten years. With this, Gautam Adani is in the top position on the list of richest people in Asia.
This was before Hindenburg Research released its report. The American company did detailed research on the activities of the Adani group and alleged that it indulged in many irregularities. The company even said that the businesses of the Adani group are false. With this, the stocks and shares of the Adani group started seeing a decline.
Three trading sessions after the report was released, Gautam Adani’s net worth of around 34 billion dollars got vanished. So he lost the spot from the list of the top ten richest people in the world. After he was restricted to the 11th position, Adani Enterprises started the process to raise up to Rs 20,000 crore via FPO
In just three days the Adani Group gathered investments worth 20,000 crores. Adani shares fell massively after Union Finance Minister Nirmala Sitharaman announced the Union Budget 2023-24. So investments were lost massively. Amid this, the Adani Group announced that the FPOs were canceled.
Bloomberg Billionaires Index said that Gautam Adani missed the spot on the list of the top 20 richest people in the world. He is in the 21st spot with a worth of 61.3 billion dollars. If we look at the worth of Gautam Adani in the past ten years then we can understand that his position became even worse.
In 2013 Gautam Adani’s worth was 3.1 billion dollars and it was 2.8 billion dollars in 2014. It was 6.5 billion dollars and 3.5 billion dollars in 2015 and 2016. In 2017, his worth was 5.8 billion dollars, 9.7 billion dollars in 2018,8.7 billion dollars in 2019, and 8.9 dollars in 2020. In 2021 and 2022, his worth was 50.50 dollars and 146 billion dollars respectively.
A few reports say that his net worth was 57.2 billion dollars in 2023 as of now. Experts are saying that his worth might decrease further as Adani’s shares have been decreasing these days.