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
Due to the rising water level in Kheer Ganga in Dharali of Uttarkashi, the market and surrounding
Chennai Super Kings, which is missing its main bowlers due to injury and international
Indian cricketer Hardik Pandya is in the news for his personal life. There are reports of turmoil
GT vs DC: Battle for top spot between Delhi and Gujarat, eyes on Siraj and Starc.
The 35th match of IPL 2025 will be played between Gujarat Titans and Delhi Capitals on Saturday (
Hezbollah: Hezbollah threatens revenge, Israel on alert after series of pager blasts
After the series of pager blasts in Lebanon's capital Beirut on Tuesday, Hezbollah has threatened
Rohit Sharma equals MS Dhoni's record for most wins in T20I as Indian Captain: Indian captain Roh
The National Investigation Agency (NIA) has taken major action on Tuesday morning. The National I
A case has been registered against Delhi Chief Minister Atishi for violating the code of conduct.
On the strength of Harry Brook and Joe Root's centuries, England has brought their team closer to
The Indian team has overcome the big hurdle of New Zealand in the World Cup. It defeated the Kiwi
