The Hindenburg Research report raised questions on the accounting and corporate governance of the Adani Group. After the arrival of this report, the share of Ambuja Cements was the biggest loser. It declined by 9.6 percent. Apart from this, ACC, Adani Ports, Adani Power and Adani Transmission declined at least five per cent. Adani Group recently bought media company NDTV. There was also a decline of five percent in this.
net worth left
According to Forbes’ Real Time Billionaire List, Adani’s net worth declined by $5.9 billion on Wednesday. Despite this, he remains the world’s richest man after Bernard Arnault of France and Elon Musk of Tesla. His net worth is $119.5 billion. In this list, Adani is ahead of Amazon’s Jeff Bezos and veteran investor Warren Buffett. The amount Adani lost on Wednesday was enough for two months of Pakistan’s imports. Pakistan is going through an economic downturn.
