Category: Gautam Adani

Indian Tycoon Adani Denounces Hindenburg Report as ‘Targeted Misinformation’

Indian billionaire Gautam Adani has refuted a report by U.S.-based short-seller Hindenburg Research, saying that it contains “targeted misinformation” aimed at tarnishing the conglomerate’s reputation. The Hindenburg report, published on Jan. 24, accused the Indian conglomerate Adani Group—which is led by Mr. Adani—of engaging in stock manipulation and accounting-fraud schemes over decades. At the company’s…


Indian Tycoon Gautam Adani Surpasses Bill Gates as World’s Fourth Richest

Indian tycoon Gautam Adani has surpassed Microsoft co-founder Bill Gates to become the world’s fourth richest person, with a net worth of $115.5 billion, according to Forbes’ list of real-time billionaires. Adani’s ranking climbed after Gates announced last week that he would donate $20 billion to his philanthropic organization, the Bill & Melinda Gates Foundation,…