Gautam Adani is now the 7th richest billionaire as his net worth recently dropped, know his net worth today in 2023 in rupees
Indian industrialist and billionaire Gautam Adani’s net worth continued to decline, putting him in at seventh spot in the Forbes Real Time Billionaires list.
Gautam Adani net worth today 2023 in rupees and billion dollars and ranking
Adani slipped from the third position that he was holding before. His net worth stands at $96.5 billion or Rs.78,66,24,57,50,000 or Rs.7.8 lakh crore as of 27th January 2023, declining more than $22.7 billion (19%), as per Forbes.
Political vultures hovering around Hindenburg report & building false narrative against LIC & banking sectors.
LIC holdings into Adani group is around ~7% of equity exposure. Every word is important here. Understand some simple math layman language.
1/ pic.twitter.com/3ljfbkIf3z— The Hawk Eye (@thehawkeyex) January 28, 2023
Hindenburg was researching on Adani Group for 2 years but chose to Release the Report just before ₹20000 Crore FPO
Weeks back BBC released Propaganda Documentary on PM
Criticism is fair but dislikes towards a Person or Party shouldn’t turn into Endorsing Anti India Elements 🙏
— Ravisutanjani (@Ravisutanjani) January 28, 2023
Shares of the Adani Group’s seven listed companies crashed for a second straight day on Friday and extended their fall after Hindenburg Research took a short position in certain security of the group which the Group dismissed as ‘baseless’. The Adani Group dismissed the report by stating it baseless and said, ‘it is considering whether to take legal action against the New York-based firm.’
Gautam Adani net worth
Adani Transmission shares tumbled more than 18% and Adani Total Gas sank 19.1% in their biggest daily drop since the middle March of 2020, while Adani’s Green Energy sank about 16% on BSE.
Moreover, Adani Enterprises has also plunged even as it kicked off ₹20,000 crores which follow-on the public offer today. It will sell shares at the price band of ₹3,112 to ₹3,276 a piece which issue will close on the 21st of January in 2023. The flagship firm of billionaire Gautam Adani-led conglomerate on Wednesday stated, ‘ it has raised up to ₹5,900 crores from anchor investors ahead of the offer.’
Gautam Adani is the founder of the conglomerate Adani Group which is one of the largest port operators in India. The Ahmedabad, India-based infrastructure group is also India’s largest closely held thermal coal producer and also largest coal trader. Adani Group’s interests include infrastructure, power generation, commodities, and transmission, and real estate.
The Gautam Adani Group has been diversifying its business interests for a long time now and has a net worth of INR 9,660 crore. Last year they bought cement firms like ACC and Ambuja Cements from Switzerland’s Holcim for $10.5 billion. ACC was down 15% on Friday, while the Ambuja plunged up to 25.