World’s Richest List: Adani Relegated to 7th Place | Gautam Adani slips to 7th spot on the world rich list

by time news

NEW DELHI: Shares of Adani, one of Asia’s richest companies, fell. Due to this, he fell behind to the 7th place in the list of the world’s richest people.

Adani was ranked second in the list of the world’s richest people when the company’s shares experienced a huge rise. Then he was at number 3 for a very long time. In this situation, in a research report published by Hindenburg Research, an American-based research firm, Adani Group companies have said that they have mishandled the market and there are frauds in the accounts. Adani has objected to this and said that it is considering taking legal action as the next step.

As a result, the value of Adani Group shares in the stock market has been falling since last Wednesday. Today (Jan. 27), when the stock market trading started, the value of Adani’s assets decreased to 100 billion dollars. Due to this, Adani was relegated to the 7th place in the list of the world’s richest people. Adani is now second only to Microsoft founder Bill Gates ($104 billion).

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