US Charges Erase $15 Billion From Gautam Adani’s Wealth

Indictment threatens to plunge his conglomerate into turmoil
Fortune of Asia’s second-richest slumps in Mumbai trading

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By Advait Palepu and Venus Feng

November 21, 2024 at 7:13 AM UTC

Updated on

November 21, 2024 at 2:06 PM UTC

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Gautam Adani’s wealth gains this year were wiped out after he was charged by US prosecutors with helping drive a $250 million bribery scheme, sending his companies’ stocks and bonds tumbling.