Losing Rs 70,000 crore in just 3 days, Gautam Adani is no longer the second richest person in Asia

- Chinese businessman Zhong Shanshan again became the second richest man in Asia

New delhi date. Thursday, June 17, 2021

Gautam Adani has lost his position as the second richest man in Asia and has reached the third position. Gautam Adani's net worth has also plummeted after the stock market crashed. Gautam Adani's net worth has dropped by 4 9.4 billion in just three days, or about Rs 70,000 crore.

According to the Bloomberg Billionaire Index, Gautam Adani's net worth fell 4 4 billion to 67 67.6 billion on Wednesday. It is because of this drastic decline that Chinese businessman Zhong Shanshan has again become the second richest person in Asia, while his networth has also declined. With a net worth of about 84 84.5 billion, Mukesh Ambani is the richest man in Asia.

The reason for the crash in the shares of Adani Group

Shares of Adani Group have been falling sharply since Monday. Shares of Adani Ports and Special Economic Zones also fell about 8.5 per cent to Rs 645.35 on the BSE on Thursday. Apart from that, shares of Adani Transmission, Adani Power and Adani Total Gas also had to undergo a 5 per cent lower circuit.

On Monday, it was reported that National Securities Depository Limited (NSDL) had blocked the accounts of three foreign funds. These funds have invested Rs 43,500 crore in Adani Group companies. As a result, shares of Adani Group companies went up on Monday and most of the stocks had to go into lower circuit.