Billionaire Gautam Adani Loses $26 Billion

Published by
The Street

By Luc Olinga The Indian tycoon and his empire are facing allegations of fraud by an American short-seller. Their answer does not convince investors for the moment. Last year, Gautam Adani, 60, was the star of all the rankings of the biggest fortunes in the world. He was one of the few billionaires to see his net worth rise sharply as the global economic downturn rattled the fortunes of tech tycoons. Adani, an unknown in the West, saw his fortune increase by $40 billion, according to the calculations of the Bloomberg Billionaires Index during a year when Elon Musk, the CEO of Tesla (TSLA) – Ge…

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