Hindenburg-hit Gautam Adani's Wealth Slips To $52.4 bn

Gautam Adani:
No more the richest

Gautam Adani's wealth has seen a sharp decline amid the fall triggered in Adani Group stocks by US-based short seller Hindenburg's report and Mukesh Ambani became richest Indian again

Adani's net worth
now $52.4 bn

According to Bloomberg Billionaires Index, Gautam Adani, 60, net worth has reached $52.4 billion as of February 14

Gautam Adani, 24th
richest person in world

Gautam Adani is the 24th wealthiest person in the world. As per Forbes Real-Time Billionaires Index, Adani’s net worth stands at nearly $53 billion

Fall in Adani Group stocks

Adani Group stocks have seen a $120-billion rout after some severe allegations by Hindenburg Research, including money laundering, stock manipulation, and accounting frauds

Sebi probing
Hindenburg report

Market regulator Sebi is investigating the report released by Hindenburg Research on the Indian conglomerate

What Sebi told SC

Hindenburg is a short seller research company in the US that does research on companies that believes have governance and/or financial issues, Sebi told SC

Adani Group after
Sebi statement

Adani Group said that they had strong cash flows and that business plans were fully funded, and the balance sheet of each of its independent portfolio companies was “very healthy”

Shah on Adani-
Hindenburg row

With the opposition targeting the BJP-led government over the Hindenburg-Adani row, Union Home Minister Amit Shah said there is nothing for the BJP to hide and nothing to be afraid of

Gautam Adani vs Hindenburg: Why Adani Group appointed auditor Gran

Story by: Priya Raghuvanshi
Designed by: Mohsin

Next Visual Story 

Click Here

Next: IndiGo, Air India Controversy: To Drink Or Not To Drink, To Pee Or Not To Pee? All About Flight Rules