Indian billionaire Gautam Adani's net worth remains to drop as he falls from being the third richest person in the world to seventh in the Forbes Real Time Billionaires list.
The development came as Adani Group shares plummet following a fraud allegation by US short-seller, Hindenburg Research report on his corporate empire.
Adani's net worth positions at $96.6 billion as of today, according to Forbes.
Nevertheless, the industrialist is still the richest man in Asia. The second Asian businessman to make it to the list is Mukesh Ambani in the 10th position with an $83.6 billion net worth.