Suffering a rout in the stock markets this week, Adani Group Chairman Gautam Adani has lost the coveted tag of being Asia's second richest billionaire.
Adani has lost over $12 billion in just four days after concerns over FPI ownership.
Adani's net worth has come down to $62.7 billion from $74.9 billion at the beginning of this week, according to Forbes Real Time Billionaires index.
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Chinese pharmaceutical magnet Zhong Shanshan has reclaimed his position of Asia's second richest man after Reliance Industries Chairman Mukesh Ambani.
Shanshan's wealth stood at $68.9 billion while Ambani's was at $85.6 billion in the rich list.
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Shares of Adani Enterprises, Adani Power, Adani Total Gas, Adani Transmission, Adani Ports and Adani Green Energy started falling on Monday after reports on FPI ownership.
Adani's lost almost $12 billion in four days, according to the Forbes Real-Time Billionaires list, which tracks the wealth of the world's richest people. At the beginning of the week, Adani's net worth was just above $77 billion.
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