Gautam Adani makes a big comeback in the rich list, reaches the top 20 in a flash, know the ranking

Gautam Adani- India TV Paisa
Image: File Gautam Adani

the whole world Gautam Adani has made a huge comeback in the rich list. Gautam Adani’s net worth has seen a bumper jump due to the spectacular rise in the stocks of Adani group companies. Due to which he has once again entered the top 20. Let us tell you that according to the Bloomberg Billionaires Index, Gautam Adani has reached the 19th position in this index with a total wealth of 66.7 billion dollars. Adani is now the second Indian on the list after Mukesh Ambani, who is ranked 13th with a net worth of $89.5 billion.

Rich List

Image Source: File

Rich List

Rapid recovery after the Hindenburg shock

Let us tell you that Gautham Adani’s wealth has drastically reduced after the American short-selling company Hindenburg accused the group companies. Shares of group companies saw strong selling. Due to which the investors who invested in these companies also suffered huge losses. However, now once again due to the news of relief, the shares have gained momentum. The Supreme Court has also reserved its decision on Hindenburg’s allegations. After that, the shares are witnessing a huge increase. Notably, despite the rally, Gautam Adani’s net worth has declined by more than $53.8 billion year-on-year.

Due to which the shares of the company increased.

Let us tell you that today the market cap of the group has increased by $15 billion in a single day due to the spectacular rise in the shares of Adani Group. Indeed, the group’s shares saw a sharp rise on November 28 after the Supreme Court reserved its order to investigate the companies over allegations of accounting fraud and stock manipulation by a US short seller. We inform you that this morning the Supreme Court remarked that there is no reason to “discredit” market regulator Securities and Exchange Board of India’s (SEBI) investigation against the group. The Supreme Court on Friday reserved its order on the petitions related to the Adani-Hindenburg dispute after the conclusion of the hearing.

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