With lady luck shining on his side, Gautam Adani, Chairman of Adani Group companies saw a massive jump in his net worth during the testing times of Covid and even emerged as the second richest person in Asia.
Thinks changed upside down for the businessman as he had reportedly lost around a whopping $14 billion of net worth, which in turn resulted in him losing the position of Asia’s second richest person.
His net worth saw a massive decline with the share value of his companies coming down with reports of National Securities Depository Limited freezing three FPI accounts that holds a lion share in the conglomerate that breached the $100 billion in market capitalisation
The way his fortunes went through a massive jump, trade analysts have termed the Gujarat based businessman as a big competator for Mukesh Ambani.
But the reality has other plans. The share value of Adani Ports, Adani Power, Adani Total and Adani Transmission and Enterprises have seen a big dip resulting in his net value coming down.
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