Gautam Adani lost
23,000 crore per week, fortune down 60%: Report

Gautam Adani has been accused of financial misconduct following the release of a report by short seller Hindenburg.
As a result of the report, Adani’s fortune dropped by more than 60%.
The M3M Hurun Global Rich List 2023 revealed that Adani lost $28 billion in the last year, or an average of ₹3,000 crore per week in 2022.
Adani’s fortune dropped from its peak when he was the world’s second richest man.
Adani has lost the title of ‘second richest Asian’ to Chinese billionaire Zhong Shanshan.
Adani has been overtaken by Mukesh Ambani, chairman of Reliance Industries Limited, who lost $21 billion last year according to the Hurun Rich List.
Ambani is now the only Indian to feature in the top 10 billionaires list, ranking ninth with a fortune of $82 billion.
Adani’s stocks plummeted after the Hindenburg report, leading to a drop in his fortune to $53 billion from a high of over $150 billion in September 2022.
Adani’s conglomerate lost an estimated $120 billion.