Gautam Adani Lost 3X To SBF In A Week

Gautam Adani Lost 3X To SBF In Same Timespan

February 03, 2023 Story: Divya Sinha

As per the Market Insider report Gautam Adani lost $52 billion in just six trading days.

[{"selector":"#anim-4a11f7d0-20a4-4a08-8988-067bc63c6952","keyframes":{"transform":["translate3d(-97.24771%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5737817c-7e5a-48ec-8713-b9303250e851","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ee7ae99a-c7fd-4710-94af-4be3c28432c6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

In contrast, SBF lost all of its $16 billion wealth in less than a week after the FTX collapse, Bloomberg reported.

[{"selector":"#anim-ecd24134-8dca-4c89-ba87-cf19e145e6ae","keyframes":{"transform":["translate3d(-89.11111%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e5b4648-75d1-4d56-87f1-2df69571aa77","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61ba29c4-b572-4860-a934-9c98b67f1944","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

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

[{"selector":"#anim-99033c2f-8a7c-4487-85b1-f17cdb67c7b2","keyframes":{"transform":["translate3d(-89.51049%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d8f8d22-5cd4-431f-8939-52478b482830","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1504e92e-3e27-4ff2-a23c-b598375ff67c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The report accused the Adani Group of “brazen stock manipulation and accounting fraud schemes”.

[{"selector":"#anim-38a57973-0287-494b-94f4-f4ea68ad4235","keyframes":{"transform":["translate3d(-95.64315%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-669d06fd-8c7e-4d49-ba50-27f574eba545","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dacf4529-3387-4357-ba08-afc488d3aeb1","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Currently, Adani has a net worth of $61.3 billion and ranks 21st on the Bloomberg Billionaires Index.

[{"selector":"#anim-a99fabd7-d2b7-45df-a67d-b40ee84abcb2","keyframes":{"transform":["translate3d(-89.24485%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2026a468-37ba-443d-b0a0-2826709a851c","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d09cb062-ef67-4b06-9392-413a3d649ae4","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

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

[{"selector":"#anim-cc739cd4-b88a-4fc1-8d06-3f3d5f67ce07","keyframes":{"transform":["translate3d(-89.78261%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b3e22e5c-1343-4791-a409-f6c84799fc49","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8d3e6177-85e7-441d-8b8f-8d0fceeecd44","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Reportedly, Adani’s net worth in September 2022 was $150 billion.

[{"selector":"#anim-ae7d3c8a-b87e-43ab-97de-ae2965cd82e5","keyframes":{"transform":["translate3d(-89.78261%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fb0a9d9c-e819-404b-ab73-1bbd8bd3c406","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7b10127-38b3-4639-8ee4-4f7b2f5de423","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-11b93e90-28ed-4bc9-bc1c-a8f6227a16d6","keyframes":[{"offset":0,"transform":"translate3d(0, -450.35854%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -126.640821448%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -43.054276424%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -16.167871586%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -7.025593224%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}] Read More Stories