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Asia’s richest Indian industrialist Gautam Adani has suffered a severe blow in the new year. He has slipped from 3rd to 7th place in the Bloomberg Billionaire Index. At the same time, he has risen to the top of the list of those who have lost fortunes this year. Behind this drop in Adani’s net worth is a huge drop in the shares of his companies. He has lost around Rs 227,385 crore so far this year.
On the other hand, Mukesh Ambani is also now ranked 13th in the list of the world’s richest and third in the list of those who have lost $5.77 billion. Shares in Adani Group companies also fell 20 percent on Friday. Two days ago, the American investment research firm Hindenburg published a report raising serious allegations of dishonest dealings against this group.
Adani is now ranked seventh in the latest update of the Bloomberg Billionaire Index. Ahead are Larry Ellison, Warren Buffett, Bill Gates, Jeff Bezos, Elon Musk and Bernard Arnault. Adani’s net worth has dropped to $92.7 billion from $120.7 billion.
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Convert billions of dollars into rupees
A billion means a billion, so 100 crores. Adani currently has a net worth of $92.7 billion. $92.7 billion, so $92.7 billion. Convert it to crores, then it is 92.7 * 100 = 9270 crores dollars. Now converting it into rupees at the rate of Rs.81.51 per dollar, it becomes Rs.9270*81.5=755597.70 crores.
Let us tell you that Indian Gautam Adani was the number one billionaire around the world in 2022 but in the new year he is the top loser in this list. Behind Adani’s fortunes are the shares in his companies, in which he has a significant stake. Adani has lost over $27 billion so far this year.
