Gautam Adani And Family Slips To 24th Spot In Forbes' World Billionaire List 2021

Adani Group founder-Gautam Adani has slipped out of the Forbes' real time global billionaire 2021 list. As per the latest list he ranks on the 24th spot with the net worth of US$ 50.5 billion as on July 2, 2021.

Gautam Adani And Family Slips To 24th Spot In Forbes' World Billionaire List 2021

During the last month, the company's shares slipped on reports that NSDL freezed the shares of FPIs having holding in four of the Adani Group companies' namely Adani Enterprises, Adani Green Energy, Adani Total Gas and Adani Transmission.

In April this year, Gautam Adani made It to the list of Forbes 20 billionaire after his wealth soared to $59.9 billion from $16.2 billion. Also, he ranked as the second wealthiest on the Asia's Bloomberg Billionaire list. The massive surge in the Group's value was owing to the takeover of 74% stake in India's second busiest airport - Mumbai International Airport.

The company's overseas assets comprise Carmichael coal in Australia. Also, despite the criticism went ahead with its project of constructing a new railway line that will connect
Australian port to the mine, 300 kilometres away from the city of Queensland.

Despite being the pandemic year, there were record public offerings, cryptocurrencies gained traction both in popularity as well as prices and skyrocketed and even stocks hit fresh highs globally. The Forbes' 2021 billionaire list globally include 660 more individuals than the previous year i.e. a total of 2755 global billionaires, said the forbes report.
The Forbes' 2021 list is currently topped by Amazon's founder Jeff Bezos who will step down as CEO to become executive chairman in July 2021.

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