Hindenburg Effect: Adani slips to 7th position in the world’s richest list

gautam adani world's richest list

Gautam Adani has slipped to seventh on Forbes’ real-time list of the world’s richest people, as the Adani Group companies have lost a combined market capitalization of $48 billion since Wednesday following the report of Hindenburg Research. According to the Forbes Real Times Billionaires Index, Adani’s wealth plummeted by more than $22.5 billion to $96.8 … Read more

Who is Nathan Anderson, person behind Adani’s Hindenburg report?

who is nathan anderson behind hindenburg

Billionaire businessman Gautam Adani is no longer the world’s third-richest person after activist investment firm Hindenburg Research accused his conglomerate, Grupo Adani, of orchestrating fraud. The Hinderburg report created a stir, Gautam Adani lost ₹ 489993000000 in a day. Through a report, Hindenburg indicated that the companies of said conglomerate, belonging to the richest man in Asia, … Read more

What Hindenburg research report say about Adani?

Hindenburg Effect: Adani slips to 7th position in the world’s richest list

Hindenburg Research, a well-known short seller in the United States, disclosed short positions in the Adani Group on Wednesday, accusing the conglomerate of the improperly broad use of companies based in offshore tax havens and raising concerns about excessive debt levels. What the Hindenburg report says  The firm published a research paper titled ‘Adani Group: … Read more