After all allegations from international, national media and some of the political parties Adani is doing his business in his own way.
On January 23, 2023, Gautam Adani held the prestigious position of the third wealthiest individual globally with a net worth of approximately 120 billion United States dollars. However, the following day, January 24th, Hindenburg Research, a prominent financial analysis firm, published an in-depth report by saying several of Mr. Adani’s business practices and operations.
This comprehensive report raised approximately 88 questions regarding various aspects of his business enterprises, leading to an immediate and significant decline in his net worth 119 billion. On the subsequent day, January 25th, his net worth plummeted even further to $113 billion United States dollars due to the ongoing impact of the Hindenburg report. From that point forward, we witnessed a continuous downward trend in Mr. Adani’s declared net worth.
By January 27th, his net worth had diminished considerably to 92.7billion United States dollars according to published reports. Subsequently, on January 30th, it further decreased to 84.4 billion United States dollars. As the new month of February arrived, his net worth had dwindled substantially to 61.3 billion United States dollars. In April, his net worth reached 47.2 billion United States dollars, causing him to drop significantly to the 24th position among the list of the wealthiest individuals worldwide.
According to the latest financial information provided by Forbes magazine, an internationally renowned periodical covering business and economic topics, Gautam Adani’s current net worth as of this writing stands at 67.2 billion United States dollars, placing him firmly at the 16th position globally in terms of wealth.
On the other hand, Mukesh Ambani continues to hold the prestigious 14th position worldwide, boasting an impressive net worth of 94.5 billion United States dollars according to the same Forbes reporting.
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