Ahmedabad: Adani Group Chairman Gautam Adani’s net worth has fallen below $40 billion. This seems to be the worst decline he has faced in the past two years.
Gautam Adani is involved in industries like ports, airports, coal, power generation and real estate. He is 60 years old and hails from Gujarat state. He has been dominating the list of the world’s richest people for the past few years, but recently he suffered a setback.
He has lost nearly $80 billion in his net worth over the past month. Currently, his net worth is $39.9 billion. This is real-time information provided by the Bloomberg site. He is currently ranked 30th in the list of the world’s richest people.
US-based investment research firm Hindenburg Research published a report last month that the Adani Group has been involved in financial irregularities for years and the group has huge debt. It is noteworthy that he has faced this decline since then.
The Adani Group has denied Hindenburg’s allegations. Despite this, the group continues to see a decline in the market. As of February 2021, Adani has a net worth of around $40 billion. He has reached almost the same level now.