Gautam Adani on Wednesday slipped to the 10th spot of Forbes’ real-time billionaire’s list, falling behind fellow Indian billionaire Mukesh Ambani.
Indian billionaire Gautam Adani ceded the title of Asia’s richest person to compatriot Mukesh Ambani, the chairperson of Reliance Industries, on Wednesday, as his listed companies continued to slide in the stock market as they try to fight back against allegations of serious fraud made by U.S.-based short-seller Hindenburg Research.... [+]
swearing-in ceremony for new Indian Prime Minister Narendra Modi and his cabinet ministers at Rashtrapati Bhavan in New Delhi, India.’ real-time tracker, Adani’s net worth briefly dropped by another $4 billion as of Wednesday afternoon causing him to drop from eighth to tenth place on the list of the world’s richest people.
With an estimated net worth of $84.4 billion, India’s Mukesh Ambani moved to ninth on the list overtaking his compatriot as Asia’s richest person. Ambani is the chairperson of the conglomerate Reliance Industries, which has interests in petrochemicals, oil, gas, telecom and retail.
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