Mukesh Ambani overtook Gautam Adani as India’s richest man on Wednesday as the fallout from a short seller report into the Adani Group continues to erase...
Indian businessman Mukesh Ambani is now the 9 richest person in the world and Asia’s richest man — a title once held by fellow Indian billionaire Gautam Adani, whose net worth has plunged due to allegations from a U.S. short seller.
So who is Ambani? The 65-year-old is chairman and the patriarch of multi-conglomerate Reliance Industries 500325 . His current net worth according to Forbes real time billionaires list is $83.9 billion. Ambani’s children all play parts in the Mumbai-listed business. His son Akash is now chairman of Reliance Jio, which is the internet and technology arm; daughter Isha runs Reliance’s retail operations , and youngest son Anant looks after the group’s energy unit.
On Wednesday, Barrons reported a $400 million investment from International Holding Co., a fund linked to Abu Dhabi’s ruling family, who have already poured billions into the Adani companies.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Controversy Embroiled Gautam Adani Loses Asia’s Richest Title To Mukesh AmbaniGautam Adani on Wednesday slipped to the 10th spot of Forbes’ real-time billionaire’s list, falling behind fellow Indian billionaire Mukesh Ambani.
Leer más »
Adani Draws Enough Investor Bids to Pull Off $2.5 Billion Stock SaleThe flagship company of India’s Adani Group collected enough investor bids to pull off a large stock sale, advancing its fundraising plans in the face of fraud allegations from a U.S. short seller.
Leer más »
Gautam Adani no longer Asia's richest person as stock rout deepens to $74 billionIndia's Gautam Adani lost his title of Asia's richest person on Wednesday as a rout in his conglomerate's stocks deepened to $74 billion after a short-seller report.
Leer más »
Adani loses Asia's richest crown as stock rout deepens to $84 billionShares in Indian tycoon Gautam Adani's conglomerate plunged again on Wednesday as a rout in his companies deepened to $84 billion in the wake of a U.S. short-seller report, with the billionaire also losing his title as Asia's richest person.
Leer más »
Adani market cap plunge deepens to $72 billion as Hindenburg face-off escalatesAdani market cap plunge deepens to nearly $72 billion even after the conglomerate issued a 413-page rebuttal to short-seller Hindenburg
Leer más »
Everything you need to know about the Adani-Hindenburg face-offEverything you need to know about Gautam Adani and Hindenburg after the short seller's fraud allegations burnt a $72 billion hole in the richest Asian's empire
Leer más »