Gautam Adani, the richest man in Asia, sees his fortune fall even further after the collapse of the shares of his group, accused of market manipulation and falsifying accounts by the financial company Hindenburg Research. According to Bloomberg's real-time billionaire index, he has left the top ten richest on the planet by decreasing his assets to 84.4 billion dollars, about 75 billion euros.
The reason, the continued fall on the stock market of the shares of his empire, Adani Group, which suffers the punishment of the markets due to the doubts of investors. Although this Tuesday they rebounded somewhat, since the publication of the report the parent company's titles have fallen a little more than 10%. The worst stop is his gas firm, which has dropped 45% in a week, or the energy company Adani Power and the food company Adani Wilmar, of oils, both 20% down.
In just three days his fortune has dropped by 34,000 million dollars, some 31,200 million euros, and he is even in danger of ceasing to be the richest in India, a throne that could be occupied by Mukesh Ambani, owner of Reliance, the oil and energy sector. He is one of the largest cuts on record, Bloomberg claims.
In order to try to put the situation back together, a large part of the rebound in the shares involves successfully closing the sale of 2,500 million dollars in secondary shares of Adani that it has underway and that for now has been subscribed by 85%, below the objective of the 90%, and not enough bids are being received.
The group claims that Hindenburg's report is "an unwarranted attack" with "malicious" intent, even going "against India, the independence, integrity and quality of Indian institutions and India's history of growth and ambition." ".
On the list, Adani now falls below Mexican Carlos Slim (85.7 billion dollars), Google co-founder Sergey Brin (86.4 billion) and former Microsoft CEO Steve Ballmer (86.9 billion) in the billionaire index.
In the first positions there are no variations. The richest man in the world is still the French Bernard Arnault, at the helm of the luxury empire LVMH Moët Hennessy Louis Vuitton, with a wealth of 189,000 million dollars, about 174,000 million euros. He is followed by Elon Musk (Tesla, SpaceX), with 160,000 million, and Jeff Bezos (Amazon) completes the podium, with 124,000 million. Just behind is Bill Gates, with 111,000 million euros.
Amancio Ortega, the richest in Spain, appears in 19th place, with a fortune estimated at 63,200 million dollars, about 58,000 million euros.
