BUSINESS

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BUSINESS

Gautam Adani is not among the richest 25

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Adani's fortune drops

Gautam Adani's fortune has dropped below $44 billion, according to Forbes and Bloomberg indices. He is now not a part of the list of the world's 25 richest billionaires.

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Second-richest Indian

Adani is now placed 29th on the Bloomberg Billionaires Index with a fortune of $42.7 billion. He is still the second-richest Indian in the world, behind Mukesh Ambani.

3

Adani Group's m-cap plunges

The market capitalization of Adani Enterprises has fallen from $52.81 billion to $20.46 billion. The group's combined m-cap is now below $100 billion.

4

Ranking: Adani vs. Others

Adani is behind Giovanni Ferrero and ahead of Francois Pinault on the Bloomberg list. On the Forbes list, he is behind Nike co-founder Phil Knight.

5

Hindenburg report

Adani Group's fortune took a massive hit after Hindenburg Research published a report. The report accused Adani Group of market manipulation and accounting fraud.