Gautam Adani’s net worth slides, no longer Asia’s 2nd richest person

Billionaire industrialist Gautam Adani is no longer Asia's second richest person. His net worth has declined sharply from the beginning of the week after shares of Adani Group's listed firm fell on the stock market.

Billionaire industrialist Gautam Adani is no longer Asia’s second richest person, following a sharp decline in his net worth this week. Adani’s net worth has fallen to $63 billion, down from just over $77 billion at the beginning of this week, according to global indexes that track the wealth of the world’s richest billionaires. In just four days, the 58-year-old’s has lost roughly $14 billion from his net worth. As a result, Chinese billionaire Zhong Shanshan has reclaimed his position as Asia’s second richest man after Reliance Industries Chairman Mukesh Ambani.