Why Gautam Adani is losing Rs 5 crore (50,000,000)every minute! & What is reason for?

Why Gautam Adani Out of the top-20 list of the richest person ?


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The days of Gautam Adani, the owner of Adani Group, are not going well. His wealth is going downward everyday.


The days of Gautam Adani, the owner of Adani Group, are not going well because of his wealth is declining everyday. His net worth is decreasing by Rs 5 crore (50,000,000) every minute, due to which Gautam Adani has also been out of the list of 20 richest people in the world.


Gautam Adani's wealth decreased


For the past several days, Gautam Adani's net-worth has come down significantly due-to the continuous decline in 3 out of 6 companies of Adani Group. Even today, the declining trend in Gautam Adani's companies continues. According to the Bloomberg Billionaires Index report, Adani's net worth has come down to $ 59.7 (59,700,000,000 ) billion, which was $ 62.28 (62,280,000,000) billion till two days ago.


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Reason why Adani Out of the list of top 20 richest person


He has suffered a loss of about $ 1.49 billion(1,400,000,000) in these two days. Due to which he has come at number 21 in the list of the world's richest person. Till two days ago, he was at number 17. His net worth has declined by $17.3 (17,300,000,000) billion in the last 17 days. Gautam Adani has lost around Rs 5 crore (50,000,000) every minute since June 14. Due to which he has also been out of the list of top 20 rich people in the world.


Adani Group shares continue to be down


The shares of Adani Green Energy are down by more than 5% today. Shares of Adani Transmission have also down more than 5 percent today, in the last 3 days this share has broken up to 12.5%. Apart from this, the shares of Adani Total Gas also fell by 5%  today. On Monday, Tuesday and Wednesday also there was a decline of 5%. That is, it has broken 15% in three days.


There is not much fall in the shares of Adani Enterprises. It is seen trading today with a decline of about 0.44%. Today flat trading is seen in the shares of Adani Ports (APSEZ). While the shares of Dani Power are down by 5% today. Gautam Adani's net worth has come down drastically due to the fall in stocks, due to which he has slipped 6 places in the list of top 20 rich people of the world in the last 3 days.