WealthThe Big Take
Short Seller Hindenburg Nabs Tiny Gains Off $173 Billion Carnage
Nate Anderson has wiped out as much as $99 billion from three billionaires' wealth this year
Gautam Adani, Jack Dorsey, Carl Icahn. Nate Anderson has picked them off one by one.
In mere months this year, he erased as much as $99 billion of their combined wealth while knocking $173 billion off the value of their publicly traded companies. In an era when prominent short sellers have retreated from the limelight — fretting lawsuits, short squeezes and government probes — the deft researcher has emerged as the gutsiest bear around. Allies say he’s risking civil suits, physical attacks and potentially even overseas arrest.