Mukesh Ambani became the richest person in Asia after Adani was eliminated due to the scandal! –

The Hindenburg Research Report spelled disaster for the Adani Group. A debate has begun in business circles around the world. Did Gautam Adani (Gautam Adani) really rigged the shares? Hindenburg Research has made several allegations against the Adani Group in its report. These include serious allegations of rigging share prices, money laundering and theft of taxpayers’ money. This has had a direct impact on Adani’s shares.

In the last one week, there has been a record fall in the shares of Adani Group (Adani Group). Not only this, the share prices of seven companies under this group are falling every day. Because of this, Gautam Adani has lost billions of rupees in these few days. In the last one week, Adani Group has made a loss of around 8 lakh 22 thousand crore rupees. Not only that, at one time Gautam Adani was the third richest person in the world. Besides, he was the richest man in India as well as Asia.

But this tycoon has been displaced due to the Hindenburg Research report controversy. According to the Bloomberg Billionaire Index, Gautam Adani is now the 21st richest person in the world. To fall so far from third place in just one week is significant enough, say experts. He also became the third richest person in Asia. His business rival Mukesh Ambani has emerged as the richest man in Asia.

Not only that, Reliance Group chairman Mukesh Ambani is now the richest person in India. Mukesh Ambani was lagging behind Gautam Adani in terms of assets since last year. This decline of Ambani was noticed since last April. However, due to the recent controversy, Ambani gave Adani an ace again. Gautam Adani has dropped from number three to number 16 in the Forbes Billionaire List. Share prices of Adani Group subsidiaries continued to fall in the market today.

According to Forbes, Mukesh Ambani is on the ninth place in the list of the top 10 richest people in the world. Currently, his total assets are 83.7 billion dollars. At the time Gautam Adani was the third richest man in the world, his net worth was $120 billion. Only in 2022, his wealth increased by 44 billion dollars. However, in the past one week, his property has disappeared. Currently Gautam Adani’s net worth is $75.1 billion. Currently the richest man in the world is Bernard Arnault.

Adani Group has responded to the Hindenburg Research report as baseless. But even that could not prevent their loss. Adani Group submitted a 413-page report in response to Hindenburg’s 106-page report. Adani Group includes Adani Enterprises, Adani Green Energy, Adani Ports and SEZ, Adani Transmission, Adani Total Gas, Adani Power Adani Power) and Adani Wilmar. In the last one week, the share prices of all these companies have seen a decline. Adani Group has also canceled its FPO in the market.

Leave a Comment