News that fits you

Highlights

  • On 24th January, U.S based short seller, Hindenburg released a report accusing Adani group of accounting fraud and stock price manipulation
  • Adani group strongly denied the allegations

Latest news

Fractal's Climate Action Progress Recognized: 2025 [CDP] 'B' Rating Highlights Governance and Measurable Action

Fractal's Climate Action Progress Recognized: 2025 [CDP] 'B' Rating Highlights Governance and Measurable Action

Ram Navami Special: Screenwriter & Journalist Tushar Upreti brings Shri Ram's Timeless Legacy to Screens through Apne Ram & Jan Jan Mein Ram

Ram Navami Special: Screenwriter & Journalist Tushar Upreti brings Shri Ram's Timeless Legacy to Screens through Apne Ram & Jan Jan Mein Ram

HDFC securities Launches NxtOption to Simplify Advanced Options Trading for Traders

HDFC securities Launches NxtOption to Simplify Advanced Options Trading for Traders

India's private sector growth slows to lowest since Oct 2022 amid Middle East war impact: HSBC PMI

India's private sector growth slows to lowest since Oct 2022 amid Middle East war impact: HSBC PMI

Manipal Hospital Kanakapura Road Celebrates Women Who Shape Communities with Courage and Compassion

Manipal Hospital Kanakapura Road Celebrates Women Who Shape Communities with Courage and Compassion

Jindal Steel Completes 6 MTPA Expansion at Angul, Taking Capacity to 12 MTPA

Jindal Steel Completes 6 MTPA Expansion at Angul, Taking Capacity to 12 MTPA

EaseMyTrip rolls out 'Sunny Getaway Sale' with special travel offfers

EaseMyTrip rolls out 'Sunny Getaway Sale' with special travel offfers

Holiday Inn Mumbai International Airport Unveils 'Carnival of Love' - A Wedding Fair Celebrating Inspired Celebrations

Holiday Inn Mumbai International Airport Unveils 'Carnival of Love' - A Wedding Fair Celebrating Inspired Celebrations

Gautam Adani falls to 38th spot on world's richest list

In the wake of the Adani-Hindenburg controversy, Gautam Adani falls further on the Forbes rich list, down to the 38th spot form the 3rd spot before the Hindenburg report released. 

Updated: Sep 02, 2022 10:53
|

Editorji News Desk

Gautam Adani falls to 38th spot on world's richest list

Gautam Adani has now fallen to the 38th spot on the Forbes rich list. This, after he was on the 3rd spot before the scathing Hindenburg report was released.

Currently, Adani's net worth is estimated at $33.4 billion, according to Forbes, which is an erosion of over $85 billion from $119 billion before the report was published on January 24.

On 24th January, U.S based short seller, Hindenburg released a report accusing Adani group of accounting fraud and stock price manipulation. Allegations which the Adani group has strongly denied. However, since then the Adani group's market cap has seen a massive erosion of over $100 billion.


ADVERTISEMENT

Up Next

Gautam Adani falls to 38th spot on world's richest list

Gautam Adani falls to 38th spot on world's richest list

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

Govt announces seven measures to help boost exports

Govt announces seven measures to help boost exports

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

ADVERTISEMENT

editorji-whatsApp

More videos

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI pauses rate cuts, retains interest rate at 5.25 pc

RBI pauses rate cuts, retains interest rate at 5.25 pc

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

Explained: India-US trade deal, tariffs and trade benefits

Explained: India-US trade deal, tariffs and trade benefits

Trade deal with US adds momentum to India's growth ambition: Industry leaders

Trade deal with US adds momentum to India's growth ambition: Industry leaders

Rupee jumps 119 paise to 90.30 against the US dollar on India-US trade deal

Rupee jumps 119 paise to 90.30 against the US dollar on India-US trade deal

President Trump announces US-India trade deal, lowers tariffs from 25 pc to 18 pc

President Trump announces US-India trade deal, lowers tariffs from 25 pc to 18 pc

Stock markets cheer India-US trade deal: Sensex jumps over 5 pc; Nifty nears all-time high

Stock markets cheer India-US trade deal: Sensex jumps over 5 pc; Nifty nears all-time high

Categories

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.