Adani incurred so many losses in a month | Gautam Adani suffered so many losses in a month that the debt of all of Pakistan would have been paid off. money moguls

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Delhi: How dangerous the report by the US research firm Hindenburg was for the Adani Group is now coming to light. Following this investigation, Adani Group has received a huge blow. Adani Group shares have been falling continuously for the past few days. Gautam Adani’s net worth has reached $49 billion. On January 24, after the Hindenburg short selling company report came out, Adani’s stock fell sharply. Since this January 24, Adani suffered a great loss. The amount of money that Adani has suffered, Pakistan can get out of its foreign debt. With the money received by Adani, people in Pakistan can sit and eat for months.

owned less than half

After the Hindenburg report, Adani Group’s market capitalization has so far fallen to $123 billion. The company’s shares are continually falling. Adani Group is putting its balance sheet in good shape to earn the trust of investors. They are also paying off the loan. If you compare Adani’s loss with Pakistan’s economy, Pakistan’s foreign debt is around $121.75 billion. That is, in the last month, Adani has lost more debt than Pakistan. Gautam Adani’s wealth has seen a huge decline after the Hindenburg report. The past month has seen a sharp drop in Gautam Adani’s wealth, which has fallen by more than half, according to Forbes’ real-time Billionaires Index.

70% of GDP debt in Pakistan

Prior to January, Adani’s net worth was $127 billion, which has now been reduced to $47 billion. Adani’s wealth has decreased by $2.8 billion in one day. Meanwhile, Pakistan has so much foreign debt that the prices of daily commodities like wheat, rice and milk have skyrocketed. Pakistan currently has a debt of 70% of the country’s GDP. Pakistan’s debt mountain is continually increasing and it is finding it difficult to repay the debt.

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