Asia's richest Gautam Adani's net worth saw significant drop with losses of nearly 5.5 billion dollars in just a day after report by Hindenburg research. Hindenburg, a well-known US short-seller, said key listed companies in the group controlled by billionaire Gautam Adani had substantial debt, which has put the entire group on a ‘precarious financial footing.’ The Adani group has however denied such charges. Adani Group Exploring Legal Action Against Research Firm Hindenburg in US, India.
Gautam Adani’s Networth Sees Drop:
Indian billionaire Gautam Adani lost $5.5 billion in a single day. Is that what Hindenburg Research had in mind? https://t.co/aNpG2cfsG4 via @opinion
— Bloomberg (@business) January 27, 2023
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