The Rise & Fall of an Indian Billionaire Gautam Adani

“Business is all about risk-taking and managing uncertainties and turbulence.” — Gautam Adani

Krishna V Chaudhary
ILLUMINATION

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Gautam Adani | Image Source: Wikimedia Commons ( Creative Commons Attribution 3.0 Unported)

The list of names of businessmen and billionaires from around the world is incomplete without Gautam Adani, a conglomerate that controls majorly ports, mines, food businesses, airports, and much more. Gautam Adani is one of top wealthiest and most influential businessmen.

He is the founder and chairman of the Adani Group, a multinational conglomerate interested in commodities trading, logistics, energy, agribusiness, and real estate. He is also a major influencer in Indian politics, having close ties to many Indian political parties. His net worth was estimated to stand at US $17.4 billion in 2019, making him one of India’s richest people.

The rise of the Adani group has given Gautam Adani a phenomenal rise to Gautam but these days he’s in trouble as he has lost around a third of his wealth, around $50 million within a few days!!!

It won't be a lie to say that he is in facing the biggest challenge of his career!!

In the previous week, Hindenburg Research accused Adani’s company of —
“brazen accounting fraud, stock manipulation, and money laundering.”

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Krishna V Chaudhary
ILLUMINATION

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