
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
On the special occasion of Independence Day, actor Akshay Kumar has good news for his fans. Aksha
Former Indian cricket team player Robin Uthappa was sent a notice by the Enforcement Directorate
A day later i.e. from March 4, the first season of the Women's Premier League (WPL) is starting.
'Petitions against Waqf Act are for vote bank', BJP calls protesters anti-constitutional
The BJP on Monday slammed several PILs challenging the new Waqf Act, terming them vote bank inter
Russia-Ukraine war: Ukraine gets new heavy tanks, conflict with Russia will intensify
The ongoing war between Russia and Ukraine has not yielded any results yet. How long this struggl
Following two consecutive defeats to India in the 2025 Asia Cup in Dubai, Pakistan's former Prime
Contestants put their heart, mind, and soul into winning Bigg Boss 17. However, in the end, Munaw
Allu Arjun's children Ayaan and Arha were spotted being taken to a safe place hours after the att
Speculations about the divorce of Natasha Stankovic and her husband Hardik Pandya are constantly
Gangster Sundar Bhati: The 30-year empire of notorious Sundar Bhati, a resident of Ghanghola vill