Shares of the adani Group have dropped by almost 85% since the release of the Hindenburg report. Find out how much land adani still owns.

How much property does gautam adani now have?

According to the forbes Real Time Billionaires Index, gautam Adani's current assets have reduced to $35.3 billion. With this much wealth, he is now the 33rd richest person in the world. On the other hand, adani has moved from number 25 to number 30 on the list of Bloomberg rich. After Hindenburg's report, the shares of adani Group crashed by almost 85 per cent. There is also a huge decline in the total market capitalization of the group. With a net worth of $150 billion, gautam adani was edging closer to the top spot in september 2022.

The Hindenburg Report created a stir

On january 24, the American company Hindenburg Research released a study on the adani Group. In this, the adani Group was accused of engaging in allegations spanning from money laundering to artificially inflating the price of its shares by a factor of several. As a result, the value of adani Group stock fell precipitously. The adani Group also had to cancel its FPO, which was valued Rs 20,000 crore.