Guwahati: The industrialist Gautam Adani dropped to position 22 on Friday on Forbes’ list of the world’s 20 richest people, falling out of the top 20.
Gautam Adani’s wealth had decreased by 16.2 billion USD, or 21.77 percent.
The current net worth of the industrialist was USD 581.1 billion at 1.23 pm (IST) on Friday afternoon, while Reliance Industries Mukesh Ambani’s net worth was at USD 82 billion.
On Thursday, Adani Group Chairman Gautam Adani, who stood at the 10th spot on the Forbes Real-time billionaire list for 2023 after being overtaken by Reliance Industries Chairman Ambani on Wednesday, further slipped and came to the 15th spot on the list.
According to Forbes, Ambani passed Adani on Thursday morning to take the title of richest Indian in the world with a net worth of USD 84.3 billion.
Bernard Arnault, the creator and CEO of French luxury fashion juggernaut Louis Vuitton, is at the top of the list.
However, these numbers are continually changing. Adani’s personal fortune is anticipated to increase along with a gain in his stock.
Following a study by US short-seller Hindenburg Research on the Adani Group alleging a decade-long fraud plan, “brazen accounting fraud, stock manipulation, and money laundering,” Gautam Adani’s ranking on the Forbes list dropped.
The shares of Adani Enterprises, the parent company of the Adani Group, were down 27.47% to Rs 1,143.50 per share on Friday morning, according to data from the BSE. According to data that is currently accessible, it has lost more than Rs 1,926.55 or more than 62% in just five sessions.