Adani’s Financial Globalization: How a Billionaire’s Empire Lost $100 Billion in Days

Indian billionaire Gautam Adani has been in the spotlight this week as his business empire has seen a dramatic drop in value. Reuters India reported exclusively that Adani had made scheduled U.S. bond payments and will release a credit report on Friday.

The BBC reported that Adani’s empire had lost $100 billion in days, and CNN reported that the billionaire had failed to calm investors as the market wipeout hit.

Bloomberg reported that the Adani-Hindenburg short selling partnership had been a masterclass in financial globalization, and The Financial Express reported on the Adani crisis.

Adani’s businesses span across multiple industries, including energy, resources, logistics, agribusiness, and real estate. The billionaire has been the subject of intense scrutiny in recent weeks, as investors and analysts try to make sense of the sudden drop in value.

The future of Adani’s business empire remains uncertain, but the scheduled U.S. bond payments and upcoming credit report are likely to provide some clarity.