Gautam Adani Slipped to Sixth Spot in the Billionaire Index

Gautam Adani came down to the sixth spot in the Billionaire Index. According to the Billionaire Index, Adani Group Chairman Gautam Adani's fortune has fallen by $ 6.42 billion, taking his net worth to $ 108 billion over the last 24 hours.

Gautam Adani, Asia's richest Indian industrialist, is suffering from a serious setback. The decline in the shares of group companies affected net assets. He is currently in sixth place on the list of the world's top billionaires. Shares dropped significantly on Tuesdays and Wednesdays.

Shares of Gautam Adani led Adani Group companies Adani Wilmar, Adani Green, Adani Power, Adani Total Gas, Adani Enterprises, Adani Transmission, and Adani Port continue to fall, as on Tuesday and Wednesday. The shares of the companies have broken up to 34% from their all-time high, directly impacting Adani's assets. 

The Veteran American investor, Warren Buffett who was in 6th place, overtook Gautam Adani to move up to 5th place. However, Buffett also suffered a loss of $185 million. However, this loss is much less than that of Gautam Adani. Warren Buffett's net worth is currently $113 billion.