Hindenburg effect: For first time in years, Gautam Adani’s net worth drops below $50 billion

The billionaire’s net worth, as of February 20, 2023, was $48 billion, and $49.1 billion, per Bloomberg, according to Forbes. He was rated the 25th richest person in the world by both.

For the first time in a number of years, Gautam Adani’s net worth fell below $50 billion on Monday. According to the most recent billionaires lists published by Forbes and Bloomberg, he is currently the twenty-fifth richest person in the world, with a fortune of $48 billion (down $2.7 billion from yesterday) and $49.1 billion (down $1.15 billion), respectively.

The world’s wealthiest individuals are listed each day on the Forbes Real-Time Billionaire List and Bloomberg Billionaires Index.

The founder and chairman of the Adani Group is ranked third on the Forbes list, behind American Phil Knight and Family ($47.4 billion) and fellow Asian Zhang Yiming ($49.5 billion).