How The Billionaire's Empire Lost $100bn In Days

Adani Enterprises announced Wednesday that it would return $2.5 billion (£2 billion) to investors.

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Mr. Adani has stated that "our existing operations and future plans" will not be altered by the decision.

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This action concludes a dramatic week that started with an American investment firm accusing companies in the Adani Group of fraud.

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However, the market value of the group's companies has fallen by $108bn over the past few days.

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Mr. Adani has lost $48 billion of his own fortune and has dropped to the 16th spot on Forbes' real-time list of the world's billionaires.

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Mr. Adani was the third richest person in the world less than two weeks ago.

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His ports-to-energy conglomerate, Adani Enterprises, was set to launch India's largest secondary share offering on January 25.

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