• Gautam Adani Faces Major Wealth Decline Amid Legal Challenges
• Adani and Musk Lead 2025’s Biggest Wealth Drops
Unmesh Gujarathi
Sprouts News Exclusive
In a significant financial downturn, Gautam Adani, chairman of the Adani Group, has experienced the second-largest wealth decline globally this year, surpassed only by Tesla founder Elon Musk. According to the Bloomberg Billionaires Index, Adani’s net worth has dropped by $11.9 billion, positioning him at 23rd place with a total of $66.8 billion. In contrast, Musk’s fortune has suffered a more substantial reduction of $35.2 billion, bringing his total wealth down to $397 billion.
Musk’s financial standing had previously surged, largely due to the rising valuations of his companies and his leadership in the Department of Government Efficiency (DOGE) under U.S. President Donald Trump’s administration.
Meanwhile, Adani and executives from Adani Green Energy have been indicted in New York over allegations of orchestrating a multibillion-dollar fraud. U.S. prosecutors allege that between 2020 and 2024, Adani, along with associates—including his nephew Sagar Adani and Vneet Jaain- paid over $250 million in bribes to Indian officials to secure solar energy contracts that yielded $2 billion in profits. Additionally, it is claimed that Adani Green Energy raised over $3 billion in loans and bonds during the same period by making false and misleading statements.
Arrest warrants have been issued for both Gautam Adani and Sagar Adani, with U.S. authorities seeking international cooperation for enforcement.
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The U.S. Securities and Exchange Commission has also filed related civil charges. In response, the Speaking to the Sprouts News Adani Group has dismissed the allegations as “baseless”.
Among other Indian billionaires, Mukesh Ambani, ranked 17th on the list, saw his net worth decrease by $2.9 billion to $87.7 billion. Similarly, HCLTech’s Shiv Nadar faced a $4.53 billion decline, bringing his total wealth to $38.6 billion.
Despite these financial setbacks, Elon Musk remains the world’s richest individual, followed by Meta CEO Mark Zuckerberg with a fortune of $245 billion and Amazon founder Jeff Bezos at $243 billion.
These developments highlight the volatility and rapid shifts in the wealth of global billionaires, influenced by market dynamics, legal challenges, and broader economic factors.
Box:
• Sprouts News has consistently acted as a whistleblower in exposing Adani’s fraudulent policies. We have remained steadfast in our mission to uncover financial manipulation and unethical business practices, ensuring that truth and transparency prevail.
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