Adani’s net worth continues to fall as stocks continue to fall today

Due to massive sell-offs, the stocks of almost all Adani’sGroup companies were trading in the red

Gautam Adani, who recently dropped out of the world’s top 20 billionaires list, saw his net worth fall by USD 2.4 billion today as the stocks of his group companies continued to fall.

Stocks of all Adani Group companies were trading in the red in early trade today due to massive sell-offs.

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The sell-offs that began following the release of the Hindenburg report against the Adani Group resulted in a significant decrease in Gautam Adani’s net worth.

Adani Group stocks locked in lower circuits:
Most Adani stocks were also locked in lower circuits as of 10 a.m. Adani Total Gas Limited and Adani Transmission lost 5% of their market value today, while Adani Power and Adani Green lost 4.99 percent.

Other Adani Group stocks, including Adani Enterprises, Adani Ports, ACC, Ambuja Cement, and NDTV, were trading in the red due to sell-offs.

Adani has once again emerged as the world’s top loser on the list of billionaires:
Today, Adani was named the world’s biggest loser on the list of billionaires. He lost USD 2.4 billion in the first hour of trading today.

Adani falls to 22nd place as its net worth falls due to stock market declines.
Adani fell to the 22nd spot on the billionaire list after losing a significant amount of money. He not only lost his spot on the top 20 billionaire list, but he also lost the title of India’s richest person to Mukesh Ambani, chairman of Reliance Industries Limited (RIL).

Gautam Adani’s net worth has fallen from USD 134.2 billion on December 13, 2022 to USD 55.6 billion today.

Mukesh Ambani is not only the richest person in India, but also one of the top ten billionaires in the world, with a net worth of USD 82.5 billion.