Hurun List Shows The Top Billionnaires Who Lost The Highest Wealth; Adani Lost Rs. 3000 Crores Every Week After The Hindenburg Report
According to the list, there are 3112 billionaires in the world which have declined by 8 percent i.e., 269 from last year’s 3381 billionaires.
The Hurun List has been published recently, showing Asia’s top wealthiest men. 2022 marked a year of extreme economic volatility, with signs of recession affecting many, followed by layoffs. In the last year, the world’s wealthiest men lost a valuation of USD 10 trillion. The loss has contributed to triple shocks in the global economy, including geopolitical crises, fuel, and extreme economic volatility.
The 218,000 “ultra-high net worth individuals” have seen a 10% decrease in their overall fortune, from 101.5 trillion USD in 2021 to 91.4 trillion USD in 2022. The information comes from a recent Knight Fraks wealth report. The decline has been marked as the greatest in the wealth of super-rich individuals since the annual study was first published in 2010.
The Hurun list has shown that even though the number of billionaires dropped gradually, India has added 16 new billionaires and occupied the third position on the 2023 M3M list.
According to the list, there are 3112 billionaires in the world which have declined by 8 percent i.e., 269 from last year’s 3381 billionaires.
While China tops the list, followed by the United States, they account for 53% of the world’s billionaires. India ranks third with 187 billionaires, while Germany has surpassed the United Kingdom for fourth place with 144 billionaires.
The total wealth has declined by 10 percent attributing to 13.7 trillion USD. The report has shown that Asia, with 57 percent of the world’s total position accounted for 59 percent of the new billionaires and 39 percent of the wealth.
In addition, in terms of India occupies the sixth position in the Hurun List.
Chairman of Reliance Industries (RIL), Mukesh Ambani and Asia’s wealthiest man, is the only Indian on the Hurun Global Rich List, which was published on Wednesday.
Ambani ranked first among Indian billionaires, followed by Gautam Adani, with a net worth of $53 billion. Cyrus Poonawalla came in third place, with a net worth of $28 billion. Shiv Nadar and his family are fourth with $27 billion, and Lakshmi Mittal is fifth with $20 billion.
Following the exploding Hindenburg Research report in January 2023, Adani lost $28 billion in wealth, or 3,000 crores per week, according to the report.
List of Billionaires who lost the highest wealth according to the Hurun List:
- Jeff Bezos:
Amazon‘s Founder and the world’s richest man has been continuously losing his wealth after he left the CEO post of the company. He has made it to the top of the list with a net loss of 70 billion USD this year. His current wealth accounts for 118 billion USD.
- Elon Musk:
Elon Musk has made his way into the Guinness world record for becoming the person who lost the most wealth in his life after he lost 200 billion USD. He has a net wealth accounting of 157 billion USD.
- Sergey Brin:
Google co-founder Sergey Brin has made his way to the third spot after losing 44 billion USD in wealth last year. His net fortune accounts for 72 billion USD.
- Larry Page:
Larry Page, Google’s other co-founder has taken the fourth spot after losing 41 billion USD last year.
- MacKenzie Scott:
Jeff Bezos’ ex-wife has moved to the fifth spot after losing 35 billion USD of her wealth. The fortune decline can be attributed to her philanthropic activities after the divorce.
Gautam Adani has lost 3000 core INR every week: Hurun List
The Hurun List has even shown that Gautam Adani has lost 3000 crore INR every week after the release of the controversial Hindenburg report. His fortune has declined by 60 percent because of the short seller attack in 2023.
The Gujarat-based conglomerate has lost 28 billion USD last year, or an average of 3000 crore INR every week. His fortune declined significantly when he was regarded as the second richest man in the world due to the Hindenburg report published in January. The report alleged financial misconduct according to the M2M Hurun Global List.
Adani has even lost his title as the world’s second-richest man to the Chinese billionaire Zhong Shanshan, the majority owner of a bio-pharmacy enterprise and a founder of a beverage company.
Adani has been overtaken by the Chairman of Reliance Industries Limited, Mukesh Ambani, who has lost 21 billion USD of his total fortune, according to the World’s Hurun Lis.
The value of the Adani Stocks plummeted after the Hindenburg report. It declined the Gujarat tycoon’s fortune to 53 billion USD from a high of 150 billion USD. He has been dropped out from the top 35 in the Forbes Global rich list. His group has lost an estimated 120 billion USD.
