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

Other news

CAA Rule: Muslim Rashtriya Manch welcomed CAA, and said- necessary for the progress of the country

Muslim Rashtriya Manch has welcomed the implementation of the Citizenship Amendment Act (CAA) in

Lakshadweep Vs Maldives: Amitabh Bachchan stunned by his comment on Lakshadweep, said- 'Don't harm our self-reliance'

The issue of dispute between Lakshadweep and Maldives is heated. Till now, from films to the cric

RCB vs CSK Playing 11 Prediction: Bangalore and Chennai can handle the field with this Playing 11 today

The 24th match of IPL 2023 will be played today at the M Chinnaswamy Stadium between the two favo

'I will resign from the post of President, I will also do the mineral deal, just America should do this work...' What did Zelensky demand from Trump?

Ukrainian President Volodymyr Zelensky's visit to the US was quite controversial. The verbal war

Suryakumar Yadav: India Vs West Indies Suryakumar Yadav became Player of the Match for the 12th time in his 51st match, just two steps away from Virat's record

India defeated West Indies by seven wickets in the third T20. With this victory, Team India made

Pushpa 2: Did 'Pushpa 2' earn Rs 1000 crore from the pre-release business? Allu Arjun broke his silence and told the truth himself

Fans' excitement about Allu Arjun's film 'Pushpa 2: The Rule' is at its peak. The trailer of the

IND vs ENG: 'I have 35 balls', why did Ashwin say this to Kuldeep who took five wickets? Know the whole matter

Chinaman spinner Kuldeep Yadav's confidence has increased after getting a regular place in the pl

Yogi Adityanath speech: What is the real meaning of words like Nandi, Krishna, Mahabharata, and Kauravas, what answer does the opposition have?

After the consecration of Ram Lalla, Chief Minister Yogi Adityanath made another tremendous move

Kisan Andolan: March to Delhi today, High Court gave this instruction to the Punjab government regarding the manner of demonstration and crowd.

The Punjab-Haryana High Court objected to the manner in which the farmers were protesting, saying

Ajmer Dargah: Hearing in court today on the issue of having a Shiva temple in the dargah, the petitioner expressed fear of danger

The court is to hear the case on Friday on the claim of a temple in Rajasthan's Ajmer Dargah. Vis