The Hindenburg Effect! Gautam Adani has reached the 33rd position in the list of the world's richest people

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Ever since the Hindenburg Research firm's report came out, the Adani Group's share price has continued to tumble. Day by day the company is getting shocks one after another. Many deals have also been cancelled. A report on Adani was announced by the American short seller firm on January 24 and the aspects of Gautam Adani's downfall started from the next day. Before the publication of this report, Gautam Adani had reached the second position in the list of the top-10 richest people in the world and now he has been thrown out of the top-10, if not the top-20, but even the top-30.

Reached 33rd position in the list of top rich people

On January 23, he was ranked fourth in the list of top 10 richest people in the world after Elon Musk, Bernard Arnault and Jeff Bezos. At that time his net worth was around 116 billion dollars. Adani Group's market cap is Rs 12 lakh crore. has been washed away. Within 15 days of the publication of the Hindenburg report, Adani was also out of the top-20 list of the world's richest people and now they have gone out of the top-30 and directly reached the 33rd position. Now his net worth is only 35.5 billion dollars. His company's shares have already fallen by 85 percent. With this, the gap between the net worth of Mukesh Ambani and Adani is now 48.8 billion dollars. Ambani's net worth is currently $84.1 billion and he is ranked 8th in the world's richest list.

What did Hindenburg say about Adani?

It is said about Hindenburg that the stock price of the company which this research firm also reports on takes a big hit in at least 3 months. Almost the same is happening with Adani. Hindenburg said in his report that most of Adani Group's stocks are overvalued by up to 85 percent. By now, most of Adani Group's stocks have taken a terrible hit.