How Asia’s ex-richest man lost nearly $50 billion in just over a week


Gautam Adani, billionaire and chairman of Adani Group, speaks during an event at Israel

Indian businessman Gautam Adani was a few billion dollars shy of Elon Musk. But he tumbled down the billionaires’ list after a U.S. firm accused the Adani Group of pulling off an epic con.

(Image credit: Kobi Wolf/Bloomberg via Getty Images)

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