Gautam Adani's net worth 2013-2023

As of February 2, 2023, Gautam Adani's net worth stood at 43.3 billion U.S. dollars, a staggeringly low figure as compared to 90 billion U.S. dollars in April 2022. Gautam Adani's net worth took a serious blow after the publication of the Hindenburg report on January 24, 2023, alleging accounting fraud, stock manipulation, and other charges.

Who is Gautam Adani?

A native of Gujarat, he is the founder and chairman of the Adani Group. He set up his commodity trading business in 1988 and entered the business world. His diversified business portfolio continued to grow through quick acquisitions and collaborations. Seven of the group’s companies are listed on the Indian stock exchanges. He is also India’s biggest airport operator and also controls Mundra Port. In 2022, Forbes listed him as the third richest man in the world.

Fall after Hindenburg Report

  His net worth suffered a serious blow post the publication of Hindenburg Research. The report raised questions over Adani Group’s high debt levels and accused it of using shell companies and stock manipulation. India’s Supreme Court has recently set up a panel to investigate the allegations that Adani denies. The independent panel will investigate regulatory failures. Adani has welcomed the Supreme court order.