Gautam Adani is not Asia’s second richest man anymore as his net worth saw 70 crore rupee fall in only three days. Now he holds the third spot.
According to the Bloomberg billionaire, after losing 4 billion dollars, Adani’s net worth has fallen to 67.4 billion dollars. Due to this, Chinese business man, Zhong Shanshan has taken the second spot and with 84.5 billion dollars’ net worth, Mukesh Ambani remains the Asia’s richest man.
Since Monday the price of Adani group’s shares has been crashing. The shares of Adani Ports have fallen down by 8.5% and the shares of Adani Transmission, Adani Power and Adani Total Gas has decreased by 5%.
Reportedly, NSDL has recently frozen the accounts of three foreign fund and these funds has invested 43,500 crores in Adani Group. Therefore, the company has been facing a downfall.
However, NSDL denied this news and even Adani Group called it baseless. After that some improvement has been seen the prices of the share but they haven’t been able to make full recovery.
On Friday, when the stock market closed, the net worth of Gautam Adani was about $77 billion according to the Bloomberg Billionaire and in only three days his net worth has fallen by 9.4 billion USD.