Gautam Adani Net Worth 2023 – Adani’s Wealth dropped below $100 billion after the Hindenburg Report about fraud in Adani Group’s Stocks: Gautam Adani’s troubles are increasing after the report of American research firm Hindenburg. In a way, on Friday, shares of Adani Group fell by up to 20%. On the other hand, it has made a big impact on Adani’s net worth.
After the release report, shares of seven listed companies, including Adani Enterprises, Adani Ports, Adani Wilmar, Adani Green Energy, Adani Total, Adani Transmission, and Adani Power, are seeing a big decline of up to 20%. Earlier on Wednesday, when the Hindenburg report came out, the shares also saw a huge decline. In the last two trading days, the total market cap of Adani Group companies has decreased by about ₹4 lakh crore.
Adani Net Worth & Total Wealth Today
| Name | Gautam Shantilal Adani |
| Age | 60 Years |
| Date of Birth | 24 June 1962 |
| Birth Place | Ahmedabad, Gujarat (Jain Family) |
| Gender | Male |
| Height | 1.67 Meters (5 Feet 6 Inches) |
| Profession | Businessman |
| Adani’s Net Worth as of January 2023 | $87.8 Billion |
| Companies | Adani Enterprises, Adani Ports & SEZ, Adani Green Energy, Adani Power Adani Transmission, Adani Total Gas, Adani Wilmar, Ambuja Cements, ACC, NDTV, North Queensland Export, etc. |
| Nationality | Indian |
According to the Forbes Billionaires Index, Adani’s net worth has declined by more than 24.17% in the last two days. There has been a loss of about $20 Billion dollars (1 Lakh 60 Thousand Crore Rupees) in a single day. Gautam Adani’s Wealth has come down to $98.5 billion. With this, Adani has slipped from 4th rank to 7th rank on the list of billionaires.
Gautam Adani’s Rank in World’s Richest Businessmen
Gautam Adani has now come to number 7 on the list of billionaires worldwide. Before Adani, Bill Gates has now come in 6th place, Warren Buffett in 5th and Larry Ellison in fourth place. In this list, Amazon founder Jeff Bezos is at number three, Tesla CEO Elon Musk at number two and Bernard Arnault at number one.
What’s inside Hindenburg Report that dropped Adani’s stocks?
A 32,000-word report by US short-seller Hindenburg Research has accused the Adani Group of “the biggest fraud in the corporate world”. In the report, the Adani Group is accused of managing shares and accounting fraud. However, calling these allegations baseless, the Adani Group has said that it will consider legal action.
In a statement issued from its official Twitter handle, Hindenburg said that if the Adani Group files a lawsuit against the report in a US court, the research firm will seek documents. If the Adani Group is serious, it should also sue in the US, where we operate. In the legal search process, we have a long list of documents.
There is a big decline in all the shares of Adani Group. Meanwhile, market regulator Sebi has reportedly stepped up scrutiny of deals made by the Adani Group in the last year. According to sources, SEBI will now study the report released by Hindenburg Research and can conduct an initial investigation.