Adani Drops To Third Richest In Asia After Stock Market Rout Knocks Off Another $12 Billion From His Fortune

  • 📰 Forbes
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Adani's estimated net worth has now dropped below Chinese billionaire Zhong Shanshan—the founder and CEO of beverage giant Nongfu Spring.

Since the short-seller Hindenburg Group accused Adani’s companies of engaging in stock manipulation and accounting fraud last week, Adani has dropped from third to 16th on.

Since the short-seller Hindenburg Group accused Adani’s companies of engaging in stock manipulation and accounting fraud last week, Adani has dropped from third to 16th on
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

-$22 billion in a day then -$12 Billion another day

So sad third richest in Asia. 3rd among half the world population

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 394. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Who is Mukesh Ambani? He is now Asia’s richest person after Adani stocks tumbleMukesh Ambani overtook Gautam Adani as India’s richest man on Wednesday as the fallout from a short seller report into the Adani Group continues to erase...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Adani Group stocks rout deepens to $72 bln despite share sale completionMost Adani Group stocks dropped on Wednesday, extending losses to $72 billion after a short-seller report criticised the conglomerate and despite the group completing a closely watched share sale a day earlier. share sale subscribed by other corporates. retail investors stayed away from these frauds. HindenburgRes need to ask those who participated in FPO, why they paid 3200Rs for a share offer when the market price was about 2950Rs. What's the catch here?
La source: Reuters - 🏆 2. / 97 Lire la suite »