New Delhi: It is said that when the wheel of time turns, the days of prosperity change. Everyone’s time is not the same. After the sun comes the shade and after the shade comes the sun. Even the people who are on the top of success and worshiped in four, if their knees are bent, it is their turn to stumble. Years of painstakingly collected tidbits crumble to dust. A similar situation has happened to Gautam Adani, a big industrialist of the country.
After the Hindenburg report, Gautam Adani is continuously falling. A few months ago Gautam Adani was the second richest person in the world but now his name is out of this list. Gautam Adani’s name is not even in the top 30 in this list.
The year 2023 is proving to be very bad for Indian billionaire Gautam Adani. Gautam Adani has been steadily sliding down the rich list since day two of a research report released by American short-seller firm Hindenburg on January 24. Adani was first out of the top-10, then out of the top-20 list and now its name is not even in the top-30.
Gautam Adani’s influence at the global level is rapidly diminishing following a sharp decline in the Adani Group’s net worth. Last year in 2022, Adani became the second richest person in the world with huge earnings and at the end of the year, he was still at the fourth position. Then the new year 2023 started. Everyone expected the Indian billionaire to surpass all the rich in terms of earnings this year as well and achieve a new milestone. But before the first month of January was over, a report came from the American and the picture changed completely. Not in terms of earnings, but in terms of maximum asset loss, Gautam Adani reached number one.
Adani reached number 33 in the list of billionaires
Before the Hindenburg report was released, Adani was fourth in the list of top-10 billionaires behind Elon Musk, Bernard Arnault and Jeff Bezos. His net worth at that time was around $116 billion. The Hindenburg Report was published on 24th January and from 25th January share prices of Adani Group companies began to fall which is still continuing. The group has a market cap of Rs. There has been a reduction of more than 12 lakh crores. Meanwhile, Gautam Adani’s net worth also fell due to falling share prices and he fell to the 10th position on the rich list, the Hindenburg tsunami did not stop there and within 15 days Adani was removed from the top-10 billionaires list. Dropped out and now Adani has come out of the top-30 and reached the 33rd position.
Adani lost so much wealth in one month
Talking about property losses, Gautam Adani has lost about $81 billion worth of properties since the beginning of this year. According to Forbes’ Real Time Billionaires Index, Adani’s net worth has now fallen to $35.3 billion. With this wealth, he is the 33rd richest person in the world. Adani’s shares have fallen by up to 85 percent in a month. Last year in September 2022, Gautam Adani was moving towards the number one chair with a net worth of $150 billion.
Adani’s wealth was greatly reduced by Ambani’s
The decline in Gautam Adani’s net worth has seen the crown of Asia’s richest man go to Reliance Industries Chairman Mukesh Ambani. Along with this, the gap in the wealth of both the Indian billionaires has also increased. According to Forbes, Mukesh Ambani is number eight in the top-10 richest people with a net worth of $84.1 billion. If we look at the difference in net worth, Ambani’s wealth is $48.8 billion more than Adani’s and growing.