Indian billionaire business tycoon and Prime Minister Narendra Modi’s close associate Gautam Adani’s economic collapse has accelerated.
According to Indian media, Gautam Adani’s business group has lost 100 billion dollars in market share, while the capital in the market has also lost up to 26 billion dollars, after which the shares of Adani Enterprises have decreased by 27%.
Not only this, shares of Adani Business Group’s energy, transmission, port, business, gas and other companies have also fallen and Adani’s wealth has declined by $58 billion this week.
Ever since the Hindenburg report came out, Gautam Adani has been slipping rapidly in the list of the world’s richest people. Earlier, he dropped out of the top 10 list to the 11th position and now in the latest Bloomberg’s list of the world’s richest people, he has further slipped to the 15th position.
At a time when the Adani Group is going through the worst financial difficulties in its history. Gautam Adani has bought the port of Haifa for 1.5 billion dollars. On the other hand, in the current situation, the opposition parties of India have demanded an investigation against Adani.