Adani Enterprises Lost More Than 2022 Crypto Crash

Adani Enterprises Wipeout More Than Crypto Crash

February 07, 2023 Story: Divya Sinha

As per the reports, Gautam Adani-backed conglomerate gained a market valuation of 1.2 billion dollars on Tuesday.

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Reports suggest that this was because of buying in Adani Ports and Adani Enterprises.

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But it is still a pittance in comparison to the wipeout of more than $100 billion.

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Adani stock losses have even outpaced the 2022 crypto crash such as Terra Luna, Three Arrow Capital and FTX

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The market value of the Adani Group companies has decreased by almost half since the release of Hindenburg’s report on January 24.

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Currently, Gautam Adani has a net worth of $56.4 billion and ranks 21st on the Bloomberg Billionaires Index.

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Also, Gautam Adani is replaced as the richest Indian by Mukesh Ambani.

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