Gautam Adani is no more Asia's 2nd richest person

Suffering a major setback in the stock markets this week, Adani Group Chairman Gautam Adani lost the tag of being Asia's second richest billionaire.

Gautam Adani lost over $12 billion in just 4 days following concerns over the ownership of Foreign portfolio investment (FPI).

Also Read | ‘The Flying Sikh’ Milkha Singh passes away due to post-COVID complication

Adani Group Chairman Gautam Adani's net worth has come down to $62.7 billion from $74.9 billion at the beginning of this week. This was reported by the Forbes Real-Time Billionaires index.

Also Read | Coronavirus: India reports 60,753 new cases of COVID-19 in last 24 hours

As per the report, the Chinese pharmaceutical magnet Zhong Shanshan has become Asia's second-richest person after Reliance Industries Chairman Mukesh Ambani.

Shanshan net worth is at $68.9 billion, while Ambani's was at $85.6 billion.

The shares of Adani Enterprises, Adani Power, Adani Total Gas, Adani Transmission, Adani Ports, and Adani Green Energy have started falling on Monday following the reports on FPI ownership.

Adani has lost over $12 billion in just 4 days, according to the Forbes Real-Time Billionaires List. At the beginning of the week, Adani's was just above $77 billion.

Click here to follow PTC News on Twitter

-PTC News