Billionaires List: Gautam Adani slipped to number 25 in the list of the rich, the group's market cap below $ 100 billion


Posted on 20th Feb 2023 05:54 pm by rohit kumar

The wealth of Gautam Adani, head of the Adani Group, which is involved in the business from ports to power, has come down to $ 50 billion. According to the data of the Bloomberg Billionaire Index on Monday, February 20, Gautam Adani's assets are $ 49.1 billion and he has come at number 25 on the list of the world's rich. On the other hand, according to the Forbes Real Time Billionaire List, Gautam Adani is number 25 with a net worth of $47.6 billion.

 

The wealth gap between Gautam Adani and Reliance Industries (RIL) chairman Mukesh Ambani is also increasing. According to the Bloomberg Billionaires Index, Mukesh Ambani is ranked 11th in the global rich list with a net worth of $83.6 billion. However, according to the Forbes Real Time Billionaires list, Ambani is in the 8th position with a net worth of $86 billion.

 

Shares of Adani Group Adani Green Energy, Adani Total Gas, Adani Transmission, and Adani Enterprises needed a respective 410 percent rise to hit their 52-week highs. Currently, Adani Green Energy's share is trading at Rs 606.45 on the Bombay Stock Exchange on Monday, while Adani Total Gas' share is trading at Rs 925.10. On the other hand, shares of Adani Transmission and Adani Enterprises are trading at Rs 873.90 and Rs 1,623.65 per share, respectively, on BSE in early trade on Monday.

 

Adani Group's market cap reached below $ 100 billion

The market capitalization (MCAP) of billionaire Gautam Adani-led Adani Group fell below $100 billion on Monday. Since the release of the Hindenburg Research report in late January, Adani Group shares have lost over $135 billion in market cap.

 

The group's market cap was $ 290 billion in September last year, which has declined by about $ 200 billion so far.

 

Selling continued in most of the group's shares on Monday (20 February 2023). Shares of Adani Enterprises, the flagship company of the group, declined by 9.4 percent.

 

Also Read: Dunzo Layoffs: Layoffs continue in startup companies, Google-backed Dunzo lays off 3% employees

1 Like 0 Dislike
Previous news Next news
Other news

Gangster Lawrence was scared to see four agencies together: Said- how can I kill someone from jail; Lawyer raised questions on security

Gangster Lawrence Vishnoi was confronted by officials of four different agencies on Wednesday. Ac

Aparajita Bill: Now rapists will be hanged; What is in Bengal's Aparajita Bill, how is it different from BNS-POCSO?

The West Bengal Assembly on Tuesday unanimously passed the anti-rape bill. The bill provides for

Another case of HMPV Virus surfaced, and now a second case found in this state; 75-year-old woman infected

The pace of the HMPV virus is increasing rapidly in the country. Now the second case of HMPV has

Maharashtra Politics: BJP will do another 'game' in Maharashtra! Sanjay Raut's big claim on CM Shinde

Maharashtra Politics: Uddhav Thackeray-led Shiv Sena (UBT) on Monday claimed that NCP leader Ajit

Delhi AAP Candidate List 2025: AAP's second list for Delhi elections, Manish Sisodia's seat changed, Awadh Ojha also got a ticket

Delhi's ruling Aam Aadmi Party (AAP) released its second list of candidates today (9 December). A

Delhi New CM: Will Delhi get a woman chief minister? These four names are in the race; Know how much truth is there in this claim.

After Sushma Swaraj, Sheila Dixit, and Atishi, Delhi can once again get a woman chief minister. B

Manipur Violence: A hearing will be held in SC today in the Manipur case, Center filed an affidavit and said- the investigation handed over to CBI

The Supreme Court will hear the case of women roaming without clothes in the northeastern state o

IND vs SA: 'If Kohli and Rohit don't perform, defeat is certain', this former cricketer warns BCCI, saying - no trust in the youth

Following Team India's impressive victory in the first ODI between India and South Africa, former

Asian Games: India broke two records in shooting, Palak-Isha did wonders; Aishwarya-Swapnil-Akhil's trio also dominated

Indian shooters performed brilliantly on Friday (September 29) on the sixth day of the Asian Game

President of Ukraine claims - Putin will be killed: Zelensky said - only those close to the Russian President will be killed, his difficult times are not far away

Ukraine's President Volodymyr Zelensky has said that Vladimir Putin will be killed by his close o

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash