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Some of the world's richest people exposed to Adani rout, market turmoil

Upheaval gripping AEL may expose billionaires, including Wilmar International, controlled by family of the richest person of Malaysia and world's second-richest Walton family, to the market turmoil

Adani, Gautam Adani
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Photo: Bloomberg

BS Web Team New Delhi
Investors and joint venture partners of numerous firms of Adani Group are now exposed to the market turmoil amid one of the most talked about selloffs in the country's corporate history, after the conglomerate was accused of fraud last week by US-based short-seller Hindenburg Research, according to a Bloomberg report. 

These magnates and corporations, from Virginia to Marseille and West Asia, include Wilmar International, controlled by the family of the richest person in Malaysia; retail giant Walmart, roughly half of which is owned by the world's second-richest family, the Waltons; EdgeConneX, a Virginia-based data centre services company; CMA CGM, the