Gautam Adani, an Indian industrialist and the chairman of the Adani Group, has seen a significant increase in wealth. As a result, he has re-entered the top-20 affluent list in the globe. Gautam Adani’s net worth climbed by $ 2.92 billion, or around Rs 24,268 crore, in the previous day, according to the Bloomberg Billionaires Index. The famous businesses have once again been successful in earning a spot on the prestigious list of the top-20 businessmen as a result. The shares of all ten of his firms have been steadily increasing over the past few days.
Rising to 20th Rank Among Global Billionaires
Gautam Adani has moved up to position 20 on the list of the top billionaires in the world as a result of a sharp increase in fortune of more than Rs 24,000 crore. After the most recent addition, his net worth increased to $63.8 billion, according to the Bloomberg Billionaires Index. The stocks of ten firms listed on Adani’s stock exchange performed well on Friday, with each one closing in the green. The market value of the Adani Group has surpassed 11 lakh crores as a result of the increase in shares.
Adani Group’s Market Value Rebounds After Hindenburg Setback
After the US short seller Hindenburg stated earlier this year, the market capitalization of the Adani group had significantly decreased. For the first time since the release of the Hindenburg report, the organisation has surpassed this amount of market value. On January 24, 2023, a report addressing 88 important issues, including stock manipulation at the Adani Group, was released. This report had such a negative impact on investor sentiment that all of Adani Group’s shares suffered significantly.
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
