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Gautam Adani is no longer the second richest person in Asia

Adani Group Chairman Gautam Adani has lost the coveted tag of being Asia’s second-richest billionaire, facing a slump in the stock markets this week.
Adani has lost over $12 billion in just four days due to concerns over FPI ownership.

According to the Forbes Real Time Billionaires Index, Adani’s net worth has dropped to $62.7 billion from $74.9 billion at the start of this week.
Chinese pharmaceutical magnate Zhong Shanshan has regained his position as the second richest person in Asia after Reliance Industries chairman Mukesh Ambani.
In the list of the rich, Zhong Shanshan’s wealth is $ 68.9 billion while Ambani’s is $ 85.6 billion.
Shares of Adani Enterprises, Adani Power, Adani Total Gas, Adani Transmission, Adani Ports and Adani Green Energy started falling on Monday following reports of FPI ownership.

Adani lost nearly $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 start of the week, Adani’s net worth was just over $77 billion.