The net worth of Indian billionaire Gautam Adani has fallen by around $58 billion over the past week and a half, down from $119 billion before a report by a U.S. short seller. Late last year, his wealth reached $147 billion.
Shares of companies linked to Indian billionaire Gautam Adani plunged after short seller Hindenburg Research published a scathing report accusing his company of wide-ranging fraud.
WSJ’s Ben Foldy explains what to know. Illustration: Ryan TrefesThe net worth of Indian billionaire Gautam Adani has fallen by around $58 billion over the past week and a half, the result of
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Gautam Adani, one of India's most powerful men, suffers a rare defeatIndia's Gautam Adani, the school dropout who rose to become one of the world's richest men, suffered a stunning defeat on Wednesday when his flagship firm withdrew a blockbuster share sale after an attack by a small U.S. investment firm over his business practices.
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Gautam Adani’s crisis will hit India hard by ViewsroomThe Indian magnate’s sprawling empire has lost over $100 bln of market value after a short-seller made accusations of fraud. In this Viewsroom podcast, Breakingviews columnists explain why the situation will narrow Adani’s financing options, limiting his infrastructure ambitions.
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Gautam Adani’s crisis will hit India hard by ViewsroomThe Indian magnate’s sprawling empire has lost over $100 bln of market value after a short-seller made accusations of fraud. In this Viewsroom podcast, Breakingviews columnists explain why the situation will narrow Adani’s financing options, limiting his infrastructure ambitions.
Baca lebih lajut »