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Chairman of Reliance Industries Ltd Mukesh Ambani has overtaken Gautam Adani as the richest Indian in the world, according to the Forbes Real-time Billionaires list.
This comes days after the New York-based Hindenburg Research released a report accusing Adani Group of brazen stock manipulation.
After the publication of the Hindenburg report, the Adani Group lost more than USD 50 billion in market value in just two trading sessions, with Chairman Gautam Adani losing over USD 20 billion, or about one-fifth of his total fortune.
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