Adani's wealth falls below $50 billion: A list of Indian billionaires who lost their fortunes

The wealth loss of Indian billionaires is a reality that highlights the unpredictability of financial markets and the potential risks associated with high-stake investments. Several wealthy individuals in the country have found themselves watching their fortunes melt away due to a variety of factors, including economic downturns, debt crises, and failed business ventures. The latest in the list is Gautam Adani who has seen a massive decline in his wealth after the Hindenburg report accused the Adani Group of engaging in stock manipulation and accounting fraud that led to the shares of the group companies falling sharply.