Key Points
Block Inc. co-founder Jack Dorseys net worth was hammered after Hindenburg Researchs latest report, which alleged the payments company ignored widespread fraud.. Dorseys..
Hes now worth $4.4 billion after the 11% drop, according to the Bloomberg Billionaires Index...
Hindenburg released a report Thursday claiming Block had inflated user metrics, and that the stock has downside of 65% to 75% on a purely fundamental basis..
The Bloomberg wealth index estimates his stake in the firm is worth $3 billion, while his position in Elon Musks social media company is valued at $388 million...
The firm released an investigation into Indias Gautam Adani and his empire earlier this year, causing his companies stocks to plummet and erasing tens of billions of dollars from his net worth...
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