Less than two weeks ago, India’s billionaire Gautam Adani was the fourth richest person in the world, with a personal fortune estimated at $120 billion.
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The self-made industrialist was wealthier than Bill Gates or Warren Buffet.
His group of companies lost $110 billion in value since then and his own wealth has been halved to little more than $61 billion as investors pulled their support, after the Hindenburg Research, an American researchers, accused him of pulling off the largest con in the corporate history.
