Discover how Gautam Adani reclaimed the title of India’s wealthiest person, overtaking Mukesh Ambani, amid soaring stock values and Supreme Court decisions.
Gautam Adani, the owner of Adani Group, has once again become the richest person in India. Surpassing Mukesh Ambani, the owner of Reliance Industries, he has also become the wealthiest individual in both India and Asia. Not only that, but Gautam Adani has made a significant leap to the 12th position in the list of world billionaires.
According to the Bloomberg Billionaires Index, surpassing Mukesh Ambani, Gautam Adani has reached the 12th position in the list of world billionaires. Recently, due to a remarkable surge in Adani Group’s stocks, Gautam Adani’s net worth has been rapidly increasing. In the last 24 hours alone, Gautam Adani’s net worth has increased by 7.6 billion dollars.
According to the Bloomberg Billionaires Index, Mukesh Ambani’s current net worth is 97 billion dollars. During the last 24 hours, his net worth has increased by 665 million dollars. Despite this, Mukesh Ambani has slipped from the 12th position to the 13th position in the list of world billionaires, which directly benefits Gautam Adani.
Gautam Adani’s Net Worth:
Until Thursday, Gautam Adani, the owner of Adani Group, was ranked 14th among the world’s richest individuals. However, after significant earnings in the last 24 hours, he has climbed to the 12th position, with his net worth increasing to 97.6 billion dollars.
Why Did Adani’s Net Worth Increase?
Following the Supreme Court’s decision in the Adani-Hindenburg Case in favor of Gautam Adani, there has been a surge in his company’s shares, leading to an increase in the company’s valuation. The Supreme Court had deemed SEBI’s investigation in this case to be correct. The Supreme Court has given SEBI an additional 3 months to investigate the remaining 2 cases.