In June, there was news of the seizure of accounts of foreign investors associated with the shares of Adani Group. After this, there was a tremendous decline in the shares of Adani Group companies. Adani Group is yet to recover from this fall.
Adani Group Chairman Gautam Adani seems to have lost his fortune. This is the reason why Gautam Adani’s net worth has been declining continuously for the last two months. Gautam Adani has slipped to the 25th spot in the Bloomberg Billionaires 100 Billionaires Index. Now Gautam Adani’s net worth stands at $54.9 billion.
In May this year, Gautam Adani’s net worth reached $ 66.5 billion. Then he became the second richest person in Asia. Gautam Adani surpassed China’s Zhang Shanshan to become the second richest person in Asia. However, since then his net worth has been steadily declining. Gautam Adani’s net worth has come down by $11.6 billion since May. Gautam Adani’s net worth is declining due to the fall in the shares of Adani Group companies.
Gautam Adani is far behind Mukesh Ambani
Reliance Industries Chairman Mukesh Ambani remains at the 12th position in the list of 100 billionaires in the world. At present, the total net worth of Mukesh Ambani is $ 79.8 billion. That is, the net worth of Mukesh Ambani is $ 24.9 billion more than that of Gautam Adani. If it is compared in Indian Rupees, then Mukesh Ambani’s net worth is Rs 1.86 lakh crore more than Gautam Adani. In May, the net worth of Mukesh Ambani was $ 76.5 billion and that of Gautam Adani was $ 66.5 billion. Mukesh Ambani’s net worth has increased by $3.10 billion so far this year. While Gautam Adani’s net worth has increased by $20.9 billion.
Adani’s wealth grew rapidly due to shares
In the first four-five months of this year, there was a huge jump in the shares of Adani Group companies. As a result, there was a tremendous increase in the net worth of Gautam Adani. But in June, the news of the seizure of accounts of foreign investors associated with the shares of Adani Group saw a tremendous fall. So far, the shares of Adani Group have not come out of this fall. This is the reason why Gautam Adani’s net worth is continuously decreasing.
6 companies of Adani Group listed in the stock market
A total of 6 companies of Adani Group are listed on the stock exchange. These include Adani Enterprises, Adani Ports, Adani Gas, Adani Power, Adani Transmission and Adani Green Energy. In 2020, there was a good growth in the shares of Adani Group companies. Apart from this, the profit of the companies was also good this year.
Jeff Bezos tops 100 billionaires
According to the Bloomberg Billionaires Index, Jeff Bezos continues to top the list of the world’s 100 billionaires. His total net worth is $206 billion. Tesla CEO Elon Musk is second with a net worth of $177 billion. Bernard Arnault, Bill Gates and Mark Zuckerberg are in third, fourth and fifth place respectively. Their total net worth is $167 billion, $148 billion and $127 billion respectively.