Mukesh Ambani becomes richest Asian again as stock meltdown wipes billions off Gautam Adani’s net worth
Gautam Adani has lost his title of Asia’s richest person to Mukesh Ambani as a rout in his conglomerate’s stocks deepened to $74 billion after a US-based short-seller report.Mukesh Ambani, Chairman of Reliance Industries, once again reclaimed India and Asia’s richest spot with a net worth of $81 billion, according to the Bloomberg Billionaires Index. Ambani’s rise to the top once more comes as billions were shaved off Gautam Adani’s net worth after a US-based short seller Hindenburg Research released a report alleging Adani of fraud and stock manipulation. With a net worth of $72.1 billion, Adani is now ranked 13th on the index, one spot behind Mukesh Ambani who is the 12th richest person in the world.On 17 January, a day before Hindenburg came out with its report, Adani’s net worth was $124 billion, making him the world’s third richest person at the time. Since then, his net worth has gone down by nearly $52 billion. From being the biggest wealth gainer in 2022, the Indian billionaire has become the biggest loser on Bloomberg’s rich list this year. Adani has lost $48.5 billion year-to-date, according to Bloomberg data. Since short-seller Hindenburg released its report, Adani companies lost $90 billion in market value, which wiped billions off Adani”s fortune.The Hindenburg report alleged stock manipulation and accounting fraud by Adani. It also accused Adani’s brother of shady dealings. The short-seller in its report said that Gautam Adani’s brother, Vinod Adani, manages a “labyrinth” of shell companies. It also alleged that offshore tax havens were being used improperly by the Indian conglomerate, and it raised red flags regarding group’s increasing debt. According to what it called “sky-high valuation”, shares in seven Adani-listed companies have an additional 85% downside. The charges have been vehemently refuted, and called unfounded by the Adani Group.Meanwhile, Mukesh Ambani who is once again India’s and Asia’s richest person, also saw his net worth falling this year. Ambani’s fortune has gone down by $6.08 billion so far this year, according to Bloomberg. At the top of the list is French luxury fashion giant LMVH’s Bernard Arnault with a net worth of $191 billion. In December 2022, Louis Vuitton’s founder and CEO overtook Elon Musk as the world’s richest person. Musk’s net worth is $169 billion at the moment.
About The Author
After reading your article, it reminded me of some things about gate io that I studied before. The content is similar to yours, but your thinking is very special, which gave me a different idea. Thank you. But I still have some questions I want to ask you, I will always pay attention. Thanks.
allergy medication without side effects different types of allergy medicine alternatives to allergy pills
online sleep medication perscriptions order provigil online cheap
prednisone 20mg without prescription generic prednisone 5mg
acetaminophen for abdominal pain purchase cipro for sale
acne treatments that work uk oral cleocin doctor prescribed acne treatment
allergy medication without side effects purchase zyrtec pills best allergy over the counter
drugs for nausea from chemo order glycomet online cheap
order isotretinoin 20mg sale buy accutane without prescription buy accutane 20mg pills
amoxicillin 500mg us amoxicillin order amoxil 500mg without prescription
strongest non prescription sleeping pills brand phenergan 10mg
buy neurontin 800mg neurontin 800mg us
azipro 250mg uk oral azithromycin azipro 500mg usa
buy generic lasix over the counter order furosemide 100mg for sale
order prednisolone prednisolone 5mg pill brand prednisolone 10mg
buy amoxicillin 250mg online cheap buy amoxicillin pill oral amoxil 1000mg
purchase acticlate pills generic vibra-tabs
albuterol 2mg cheap albuterol cost buy albuterol inhalator
cheap levothroid without prescription order levothyroxine without prescription order synthroid 75mcg online cheap
buy vardenafil for sale buy levitra 20mg for sale
serophene cheap clomid 100mg ca clomiphene 100mg pills
buy zanaflex generic how to buy zanaflex purchase tizanidine generic
rybelsus 14mg ca buy rybelsus 14mg generic order rybelsus 14mg sale
buy prednisone 40mg generic deltasone 5mg ca deltasone 10mg pills
rybelsus us semaglutide buy online rybelsus brand
order accutane 20mg pills order isotretinoin 20mg online accutane 10mg generic
order albuterol 2mg pill order albuterol without prescription ventolin 2mg pill
cost amoxicillin 500mg amoxicillin 250mg cheap order amoxicillin 1000mg
purchase augmentin generic clavulanate tablet amoxiclav online
order azithromycin 500mg pill azithromycin 500mg cheap buy azithromycin online
cheap levothyroxine sale synthroid order levoxyl pill
order omnacortil 5mg generic order omnacortil 5mg online cheap omnacortil 40mg pills
buy clomid 100mg serophene order online purchase clomid generic
neurontin 100mg usa buy neurontin 100mg for sale neurontin 600mg brand
lasix 40mg drug purchase lasix without prescription purchase furosemide sale
order viagra 50mg online sildenafil 100mg us buy sildenafil sale
brand monodox doxycycline 100mg price purchase acticlate pills
order rybelsus 14mg order generic rybelsus buy rybelsus generic
online roulette free can you play poker online money casino gambling
levitra pills vardenafil 10mg oral buy levitra generic
pregabalin 75mg price buy lyrica medication lyrica 150mg without prescription
buy plaquenil 400mg without prescription buy plaquenil 200mg pills buy hydroxychloroquine 200mg pill
order triamcinolone 4mg pills aristocort 4mg tablet aristocort 4mg oral
buy tadalafil 5mg pills tadalafil 20mg for sale cialis prices
generic clarinex 5mg clarinex pills order clarinex 5mg generic
buy cenforce 100mg online order cenforce 100mg sale buy cenforce generic
loratadine order claritin 10mg oral buy claritin 10mg without prescription
chloroquine 250mg us buy aralen for sale aralen uk
buy dapoxetine without prescription misoprostol over the counter cytotec order online
buy metformin 500mg for sale metformin 1000mg oral order glycomet 500mg sale
xenical 120mg generic cost diltiazem 180mg buy diltiazem tablets
buy lipitor 10mg sale lipitor usa atorvastatin 80mg oral
acyclovir 400mg pills zovirax 400mg usa order allopurinol 300mg
order norvasc 10mg online amlodipine pill buy amlodipine without prescription
order crestor 10mg online buy cheap ezetimibe buy ezetimibe without prescription
order generic prinivil order prinivil lisinopril online buy
buy domperidone 10mg online buy domperidone 10mg generic order tetracycline 500mg without prescription
buy omeprazole 20mg sale buy omeprazole tablets buy prilosec
flexeril 15mg brand buy lioresal without prescription buy generic lioresal online
buy lopressor generic metoprolol 100mg cheap order metoprolol 100mg pills
order toradol 10mg generic buy toradol pills for sale colcrys 0.5mg us
order tenormin 50mg atenolol 50mg tablet buy tenormin cheap
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.