Ad. Group is facing continuous losses after the allegations leveled by America against Ad. Group Chairman Gautam Ad.. Now it has come to light that his net worth has decreased. Shares of Ad. Group comp.es fell by about 28%. After Thursday, there was a huge fall in the shares on Friday also, which has had a direct impact on the net worth of Gautam Ad..
Gautam Ad.’s net worth decreased!
According to Forbes Realtime Billionaires List, Gautam Ad.’s net worth has declined by 21.21 percent after the allegations in America. According to data from Forbes’ Realtime Billionaires List, as of 10:50 am on Friday, there was a decline of $ 14.8 billion (Rs 1,25,045 crore) in net worth. Due to which Gautam Ad.’s net worth is now only 55 billion dollars. Due to this decline in net worth, Gautam Ad. has fallen far down in the list of the world’s richest people. It has moved from the first 18th position to the 27th position in the list.
Mukesh Amb. is at number two in this list.
Importantly, Gautam Ad. was earlier the richest person in India. But now that this situation has arisen, Mukesh Amb., the owner of Reliance Industries, has come on top. Mukesh Amb. is currently the 18th richest person in the world with a net worth of $97.6 billion.
What is the allegation against Gautam Ad.?
Specifically, businessman Gautam Ad. has been accused by US prosecutors of paying $250 million in bribes to Indian officials in exchange for favorable terms to win solar power contracts in India. US prosecutors accused Ad., his nephew Sagar Ad. and others of paying more than $250 million in bribes to Indian government officials to win solar power contracts between 2020 and 2024. According to an estimate, the group is likely to earn a profit of more than two billion dollars from this. However, Ad. Group has completely rejected these allegations.
