Gautam Adani Loses Some of His Net Worth

GAUTAM ADANI LOSES SOME OF HIS NET WORTH 22 37 Indian billionaire Gautam Adani lost more than $ 20 billion ( £ 16 billion ) on Friday when investors left his companies for a second day because a US investment firm said they were scams . California Gazette € HINDENBURG FRAUD Hindenburg Research said that the company owned by Asia's richest person , Gautam Adani , had done wrong things . The company's owner , Gautam Adani , responded in detail to these claims . ADANI ENTERPRISES Friday , shares of Adani Enterprises , the largest company in the group , fell by nearly 20 % . Some of the group's other publicly traded companies saw their shares drop even more , and they were no longer traded in Mumbai . Adani Group says in a document with more than 400 pages that the report is a " calculated attack on India . " 6.⁰ . About $ 50bn has been taken off the market value of the company's publicly traded companies . 00 Without a doubt , Gautam Adani is India's infrastructure tycoon today . He runs India's second - largest cement company , as well as seven airports and 13 ports , including the country's biggest port in the western coastal town of Mundra . SELF - MADE BILLIONAIRE Gautam Adani comes from a family of textile merchants who are in the middle class . Still , he never looked back after he started his firm in 1998 to trade in commodities . Over the next 24 years , his companies grew into ports , mines , railroads , infrastructure , power , and real estate . know more at www.cagazette.com