ANI
03 Feb 2023, 20:27 GMT+10
New Delhi [India], February 3 (ANI): Industrialist Gautam Adani slipped out of the World' Real-time Billionaires list of Forbes on Friday and was placed in 22nd position.
Gautam Adani's wealth had declined 21.77 per cent or USD 16.2 billion.
The current net worth of the industrialist was USD 581.1 billion at 1.23 pm (IST) on Friday afternoon, while Reliance Industries Mukesh Ambani's net worth was at USD 82 billion.
On Thursday, Adani Group Chairman Gautam Adani, who stood at the 10th spot on the Forbes Real-time billionaire list for 2023 after being overtaken by Reliance Industries Chairman Ambani on Wednesday, further slipped and came to the 15th spot on the list.
On Thursday morning, Ambani overtook Adani to become the richest Indian in the world with a net worth of USD 84.3 billion, according to Forbes.
However, at the top of the list is French luxury fashion giant Louis Vuitton's founder and CEO Bernard Arnault Bernard Arnault.
However, these values fluctuate constantly. If there is a gain in Adani's stock, it is expected Adani's personal wealth will rise too.
The decline of Gautam Adani on the Forbes' list happened, following a report by US short-seller Hindenburg Research on the Adani Group alleging a decade-long fraud scheme, "brazen accounting fraud, stock manipulation and money laundering."According to the data available on BSE, Shares of Adani Group's flagship firm, Adani Enterprises, were down 27.47 per cent to Rs 1,143.50 apiece on Friday morning. According to data available, in just five sessions, it has lost more than Rs 1,926.55 or declined over 62 per cent. (ANI)
Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationCHEYENNE, Wyoming: A Wyoming bill outlawing the use or prescription of medication abortion pills, which was passed by the state's ...
DENVER, Colorado: The Southern Nevada Water Authority has voted to accept a $2.4 million grant from the US Bureau of ...
WASHINGTON D.C.: The US government has reported that the exceptionally wet winter in California this year will offer relief from ...
FRANKFURT, GERMANY: Authorities said that as part of a crackdown on gangs suspected of blowing up ATM machines and stealing ...
BERLIN, Germany: Germany will send a cabinet minister to visit Taiwan next week, at a time when Berlin is reviewing ...
ZURICH, Switzerland - Depositors will be fully protected, shareholders will have their equity dwarfed, while bond holders will be largely ...
BEIJING, China: Following the inability of China Huarong Asset Management Co Ltd to release financial reporting obligations in 2020, China ...
HANOI, Vietnam: SpaceX, Netflix and Boeing will join what is described as the "biggest-ever" U.S. business mission to meet in ...
TAIPEI, Taiwan: Reuters reported that after winning an order to manufacture wireless AirPods earphones for Apple for the first time, ...
TAIPEI, Taiwan: The founder of chip manufacturer TSMC, Morris Chang, said that he supports the efforts of the US to ...
SEOUL, South Korea: In line with the country's efforts to boost its chip industry, South Korea's Samsung Electronics said it ...
Vijayapura (Karnataka) [India], March 22 (ANI): Karnataka government has set a target of providing drinking water to 4.64 lakh households ...