Gautam Adani lost half his wealth in a flash. Here's what happened | CNN Business

Then Hindenburg Research, an American short seller with bets against Adani’s companies, accused him of pulling off “the largest con in corporate history.” Adani’s firms have lost $110 billion in value since then, and his own wealth has been halved to little more than $61 billion as investors pull their support. While the Adani Group has condemned the report as “baseless” and “malicious,” investor questions about its claims linger, and the fallout is growing.

India’s stock exchanges halted trading in five listed Adani firms after their shares crashed by the daily limits, set at 5% and 10%. Meanwhile, TotalEnergies, a major business partner, said Adani had agreed to let one of the “big four” accounting firms carry out a “general audit.” There was no confirmation from Adani. The French energy giant described its $3.1 billion exposure to Adani, via joint investments in India, as “limited”.

Now I know why rich people spend sleepless nights.... To keep their status.

Oh boo hoo for him. It must be sooooooooo devastating.

Give me a minute, I’ll start a gofundme for him. Be right back.

nobody cares – he’ll be fine

IF AMERICAN GOVT DO NOT ACT NOW ONE DAY SOME COUNTRY IN THE WORLD MAY DESTROY SOME AMERICAN BUISNESS I support American BUISNESS REMEMBER INDIA HELPED LOT IF NATIONS WHEN COVID WAS AFFECTING PRAY MAY GOD BLESS US ALL

It helped me come out of the myth that India is an independent country. It is still colonised by...

I am crying. Woe is him.

Wow

'President Biden secured a $250,000 line of credit against his Rehoboth Beach, Delaware property' recently.

So how can a person loos 110$ so easily as this

Thoughts and prayers

Gave Everyone money away.. Re-election War Win

Still a fraud business

Half of his wealth still beats billions of us 🤷‍♂️

'Self made Indian industrialist'! Where's his industry ? Just give me one name. It's not journalism CNN . Read HindenburgRes investigation report attentively and report actual news. Read TIME 's article on Adani (published yesterday).

And...

It’s all numbers anyway.

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