Gautam Adani — the world's richest Asian — saw his net worth crash by more than $5 billion in a day after a short-seller targeted his business empire

• Indian billionaire Gautam Adani's fortune crashed $5.5 billion on Wednesday to $113 billion.
• This was after a short-seller alleged Adani's conglomerate was involved in fraud and market manipulation.
• Adani is still the world's wealthiest Asian and fourth-richest person.

Gautam Adani — the world's richest Asian — saw his fortune crash $5.5 billion on Wednesday after a US short-seller targeted his business empire with allegations of fraud.