It's been a very bad month for Indian billionaires — four of the richest Indians have collectively lost about $45 billion in 2023

Tue, 01/31/2023 - 00:12

Gautam Adani has lost about $36 billion in net worth this year following a massive selloff in his publicly traded companies.
Photo credit should read SAM PANTHAKY/AFP via Getty Images

Indian billionaires are leading losses on the Bloomberg Billionaires Index so far this year.
That's on the back of a massive selloff in Adani Group's listed businesses and the broader Indian market.
Adani's listed companies have come under significant pressure following a short-seller attack.

India's billionaires are not having a great 2023 so far.

A massive selloff in the listed companies of the Gautam Adani — India's richest man — following a shocking short-seller report, is spilling over into the country's markets.