Billionaires From Hong Kong to Arkansas Exposed to Adani Crash
Some of the world’s richest people, including the Waltons and the family behind France’s Saade shipping dynasty, own companies with partnership ties to India’s Gautam Adani.
WATCH: Adani Rout Among India’s Biggest Wipeouts
Malaysia’s richest man, a powerful shipping tycoon and the world’s two wealthiest families are just a few of the high-profile names caught up in the unraveling of Gautam Adani’s empire.
From Virginia to Marseille to the Middle East, investors and joint-venture partners of various Adani businesses are suddenly exposed to the most dramatic selloff in India’s corporate history. The partners, whose tie-ups involve data-center servicing, packaged food and port management, among others, exemplify the far-reaching tentacles of the Indian conglomerate that was accused of fraud last week by short-seller Hindenburg Research.