Over the course of about one week, Adani's personal net worth has dramatically fallen
Over the course of about one week, Adani’s personal net worth has dramatically fallen, having started last week as the third wealthiest person in the world.
At present, Adani still holds a fortune of $72 billion but has lost the most wealth of anyone on Bloomberg’s Billionaire Index since the start of the year. Adani’s plummeting personal net worth—which is down nearly $50 billion this year—follows the release of a report last week by the activist investor group Hindenburg Research about Adani’s eponymous company.
The firm said its report was based on dozens of interviews, including with senior Adani Group executives, plus thousands of documents and site visits in various countries.. The company has also threatened to take legal action against the short seller.Adani Defends Itself After Fraud Allegations. But the Real Victim May Be India’s Reputation
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