Hyderabad, Feb. 3 -- Gautam Adani whose net worth is continuously falling after the release of the Hindenburg report now lost the spot in the world's top 20 billionaire list.

Today, he lost over Rs 1680 crore as stocks of his group's companies continue to lose market capitalization.

Most of the group's stocks are locked in their respective lower circuits. These stocks include Adani Transmission, Adani Green Energy, Adani Wilmar, Adani Power, Adani Total Gas, and NDTV.

Currently, with a net worth of USD 57.5 billion, Adani is at the 22nd spot on the list of billionaires in the world.

Hindenburg effect

It all started after Hindenburg research firm released a report raising concerns about shares of Adani Group companies having a possibi...