In 2022, businessman Jeff Bezos saw his wealth cut by $18 billion.
Amazon Bezos company also reported losses in 2022.
Bezos bought the Washington Post in 2013 for $250 million and is part of his companies.
The name of Jeff Bezosappeared again this Wednesday in the top 3 of the richest men in the world, after the Indian tycoon Gautam Adani, chairman of the sprawling Indian conglomerate Adani Group, handed over the job.
This exclusive top was updated last year, where the richest person in the world is still luxury goods magnate Bernard Arnault, Chairman and CEO of Louis Vuitton parent LVMH, who is worth an estimated $212 billion. While the second person, with a fortune of 160 thousand 800 million dollars, the CEO of Tesla, Elon Musk.
This change comes after a famous short seller published a report accusing Adani for having manipulated the price of his company’s shares for decades.
According to what was published by Forbes, said report and information has been rejected by an executive of the magnate.
After the disclosure of the seller’s report was released, shares of publicly traded companies plummeted on Wednesday, and Adani’s fortune fell by $6.5 billion to about $119.1 billion, which fell below Bezos’s net worth of $119.2 billion, according to estimates by the US media Forbes.
Despite the current outlook, Adani remains the richest person in Asia, followed by Reliance Industries Chairman Mukesh Ambani, who is worth an estimated $85 billion.
Likewise, it was revealed that the fall in shares comes after the activist investment firm Hindenburg Research revealed a short position against the conglomerate, which includes energy companies, real estate and the largest port in India.
In that same context, in a statement shared by Forbes, Adani Group CFO Jugeshinder Singh dismissed Hindenburg’s report, saying it is “a malicious combination of misinformation, selective information and outdated allegations, unsubstantiated and discredited which have been tried and rejected by the highest courts of India”.
Let’s remember that in recent years, short seller Hindenburg has helped initiate regulatory investigations into multiple multi-billion dollar companies from various industries around the world.
One of these is in a 2020 report from last year, when the company called electric vehicle company Nikola a “fraud” and alleged that then-chairman Trevor Milton misled investors about the company’s business. At that time, Milton, who lost his billionaire status after the report, has since been indicted and convicted on criminal fraud charges.
And this is how the industries and sectors in the world are changing with the days, since many times the world panorama can vary the value, especially economically.
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