After falling from the list of the top 10 richest people in the world, Adani Group chairman Gautam Adani has lost the spot of Asia’s richest person to RIL's Mukesh Ambani, as per Forbes on Feb 1
As per Forbes, Gautam Adani’s net worth stands at $78.9 billion* which is down by 10.51%, or $9.3 billion.
*As on Feb 1
Mukesh Ambani has reclaimed the spot of India’s richest person with a net worth of $84.6 billion*, as per Forbes. With this, the Reliance Industries Chairman has also become the ninth richest person in the world
*As of Feb 1
Gautam Adani saw a downfall in his wealth following a report by US short-seller Hindenburg claiming stock manipulation by the Adani Group
Following the short seller’s report, the rout in Adani Group firms' stocks deepened to $74 billion within a few days
Adani Group firms stocks saw a slight bounce on January 31 due to a share sale of Adani Enterprises. But on February 1, Adani stocks had again hit a lower circuit with AEL falling 30% while Adani Ports declining 20%
In a further blow to Gautam Adani, Credit Suisse stopped accepting bonds of Adani companies as collateral for margin loans causing Adani Enterprises to crash by 30% on February 1
Gautam Adani got a slight respite as Adani Enterprises' Rs 20,000-crore FPO was fully subscribed on the final day of the share sale
Mukesh Ambani's family was ranked as the sixth richest family after Abu Dhabi’s royal family, Walter family, Koch family among others, as per Bloomberg List of Wealthiest Families 2022