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Gautam Adani no longer even in top 20 richest people, fallen sharply from $124 billion on 17 Jan to $61.3 billion
Gautam Adani's troubles are not seizing after the Hindenburg report, the shares of Gautam Adani's companies are continuously falling. Shares of Adani Enterprise Limited, the most prestigious and flagship company of Adani Group, fell up to 35% on Friday . If we look at the data of the National Stock Exchange (NSE), after the Hindenburg report came out, till February 2, a total of 9.22 lakh crore rupees of 9 companies of Adani Group were sunk. Adani Enterprises and Adani Total Gas have suffered the most.
The total valuation of 9 companies of Adani Group has now reduced to Rs 10.41 lakh crore in the stock market. Till a month ago December 30, their market cap was Rs 19.63 lakh crore. Adani Enterprises and Adani Total Gas, two such companies, account for almost half of the total losses.
The total valuation of Adani Enterprises as on 30 December 2022 was Rs 4.40 lakh crore, which has now come down to just Rs 1.78 lakh crore. Similarly, the valuation of Adani Total Gas was Rs 4.06 lakh crore, which now remains at Rs 1.88 lakh crore.
Company Valuation as on 30 December 2022 Valuation as on 2 February 2022
Adani Enterprises 4.40 lakh crore 1.78 lakh crore
Adani Total Gas 4.06 Lakh Crore 1.88 Lakh Crore
Adani Green Energy 3.06 lakh crore 1.64 lakh crore
Adani Transmission 2.89 Lakh Crore 1.74 Lakh Crore
Adani Ports & SEZ 1.77 Lakh Crore 1.00 Lakh Crore
Adani Power Limited 1.16 Lakh Crore 0.78 Lakh Crore
Ambuja Cement 1.04 Lakh Crore 0.70 Lakh Crore
Adani Wilmar Limited 0.80 lakh crore 0.55 lakh crore
ACC Limited 0.46 lakh crore 0.35 lakh crore
Gautam Adani out of top 20 in the list of billionaires
After the fall in the valuation of companies of the Adani Group, the net worth of the group's founder Gautam Adani has also been heavily affected. Adani, who once reached number two in the list of billionaires of the world, has now dropped out of the top-20 as well. According to the February 3 report of the Bloomberg Billionaires List, Gautam Adani is now at the 21st position.
Statistics show that within the last one year, Gautam Adani's wealth increased at the same speed, at the same speed. Gautam Adani's total net worth was $ 88 billion on 2 February 2022, which reached $ 149.9 billion by September. There was a slight decline after September, but after the Hindenburg report Adani Group shares looked like a bloodbath.
Shares of companies started falling. According to the latest figures of 3 February, now Adani's net worth is reduced to $ 61.3 billion. In January 2023 alone, Gautam Adani has lost $ 59.2 billion.
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