Business

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

10 days ago   |   By Business Insider

Gautam Adani is still the world's richest Asian after taking a $5.5 billion hit to his fortune on Wednesday. Amit Dave/Reuters
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. New York-based shortseller...
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