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gautam adani
Gautam Adani

Amit Dave/Reuters

  • Gautam Adani is no longer Asia's richest person, after falling to 15th place on Forbes' billionaires list.
  • The Indian industrialist has lost over $50 billion as Adani Group stocks continue a weeklong selloff.
  • A short-seller alleged Adani's conglomerate was involved in fraud and market manipulation.

Indian industrialist Gautam Adani is no longer Asia's richest person as a rout in his conglomerate's stocks intensified, after a bombshell report by short-seller Hindenburg Research.

Tags
Markets, MI Exclusive, Stocks, Adani Group, Gautam Adani, stock selloff, hindenburg research, Wealth, High Net Worth, Billionaires, Indian Billionaires, Forbes Rich List, Rich List, Asian Rich List, Short Sellers
Source
Gautam Adani isn't Asia's richest person any more after losing over $50 billion…