Gautam Adani\u2019s net worth currently stands at $88.2 billion, making him the world\u2019s 11nth richest person. On Monday alone, Adani\u2019s net worth fell by $8.5 billion as the market selloff in some of his listed companies continued.<\/p>\n
Since Hindenburg\u2019s report became public, Adani has fallen from third place in the list of the world\u2019s richest and has shed $38 billion from his total net worth.<\/p>\n
The statement said: \u201cThis is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity, and quality of Indian institutions, and the growth story and ambition of India.\u201d<\/p>\n
Adani Group CFO Jugeshinder Singh addressed some of the allegations in a recent video but came under some criticism from opposition parties in India.<\/p>\n
Questions were raised as to why Singh\u2019s address was made in front of an Indian flag instead of a company banner or logo.<\/p>\n
Hindenburg said: \u201cTo be clear, we believe India is a vibrant democracy and an emerging superpower with an exciting future.<\/p>\n
We also believe India\u2019s future is being held back by the Adani Group, which has draped itself in the Indian flag while systematically looting the nation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Gautam Adani\u2019s net worth currently stands at $88.2 billion, making him the world\u2019s 11nth richest person. On Monday alone, Adani\u2019s net worth fell by $8.5 billion as the market selloff in some of his listed companies continued. Since Hindenburg\u2019s report became public, Adani has fallen from third place in the list of the world\u2019s richest […]<\/p>\n","protected":false},"author":3,"featured_media":233806,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[67931,110596,110595],"class_list":["post-233805","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-adani","tag-adani-assets","tag-gautham-adani"],"jetpack_featured_media_url":"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2023\/01\/adani.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/233805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/comments?post=233805"}],"version-history":[{"count":0,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/233805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media\/233806"}],"wp:attachment":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media?parent=233805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/categories?post=233805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/tags?post=233805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}