Hindenburg Effect: Gautam Adani drops to 29th spot in Rich List, his net worth, Adani Group and more 

Gautam Adani's net worth

Gautam Adani has slipped to the 29th spot in the Bloomberg Billionaires list with a net worth of $42.7 billion. This is the second consecutive drop in his position since he fell to the 25th spot on Feb 21 

Gautam Adani's net
worth in 2022 

Source: Bloomberg Billionaires Index

Gautam Adani was worth approx. $150 billion in September 2022. By December 2022, his net worth dropped to approx. $138.1 billion and continues to witness a downfall

Hindenburg effect on
Gautam Adani

The allegations put forward by Nate Anderson-led Hindenburg Research have led to the erosion of Gautam Adani’s personal wealth worth over $107 billion

Drop in m-cap of
Adani Group stocks

Adani group stocks have erased over Rs 11 lakh crore in combined m-cap. The combined group m-cap has fallen below $100 billion level from $232 billion as of January 24

Mukesh Ambani’s net worth

Reliance Industries Chairman Mukesh Ambani continues to strengthen his position on the Bloomberg Billionaires Index at spot 12 with a net worth of $81.5 billion. He has reclaimed the title of the richest Indian

Adani Group shares, debt

Three of Adani Group shares - Adani Total Gas, Adani Green, Adani Transmission - are the top losers on BSE since January 24. Adani Group CFO Jugeshinder Singh group's gross debt stands at $30 billion at the gross level and $26 billion at the net level

Nate Anderson’s tweet
on Hindenburg findings

Short-seller Hindenburg’s founder Nate Anderson referred to a media report which talked about Vinod Adani’s alleged negotiations for acquiring finances for the Adani Group

85% downside in
Adani Group stocks

Meanwhile, the prediction made in Hindenburg report about 85% downside in Adani Group stocks is becoming true as Adani Total Gas, Adani Transmission, Adani Green shares extend slide

Who is the richest of all?

LVMH CEO Bernard Arnault tops the Bloomberg Billionaires List with a net worth of $189 billion while Twitter CEO Elon Musk is at second spot with a net worth of $183B 

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Next: George Soros: All about the billionaire who says Adani's troubles will weaken PM Modi