Adani Surges into Top 15 Richest Indians, Narrows Wealth Gap with Ambani

Adani’s Wealth Explosion: Indian Billionaire Races Towards Mukesh Ambani’s Top Spot. Adani Surges into Top 15 Richest Indians, Narrows Wealth Gap with Ambani.

Gautam Adani’s Meteoric Rise Propels Him into Top 15 Billionaires, Challenging Mukesh Ambani’s Dominance.

Gautam Adani has made a major spot into the top 15 billionaires list, closing in on Mukesh Ambani’s position. Thanks to a surge in Adani group stocks, the founder’s wealth soared by a staggering $12.3 billion in a single day. As a result, the Gujarat-based industrialist’s net worth now stands at $82.50 billion, positioning him just $8.9 billion shy of Mukesh Ambani’s $91.4 billion fortune, according to the publicly available Bloomberg Billionaire index.

The Adani group stocks witnessed an impressive upward trend, climbing by as much as 19 percent and extending their winning streak over three days to an astounding 59 percent increase. Adani is now trailing closely behind Spanish billionaire Amancio Ortega ($83.6 billion) and surpassing American billionaires Jim ($70.90 billion), Rob ($69.7 billion), and Alice ($68.60 billion) Walton. At its peak, Adani’s wealth had reached $150 billion.

On a notable Wednesday, the Adani group’s wealth surged past the Rs 15 lakh crore mark for the first time since the Hindenburg Research released a damning report in January. This report had triggered a massive $150 billion decline in Adani group shares. The Supreme Court, having heard various pleas in the Adani-Hindenburg case, recently reserved its order, highlighting that the Hindenburg Research report should not be accepted as an absolute truth. The court indicated that it could not cast doubt on the Securities and Exchange Board of India’s (Sebi) investigation based solely on a few media reports.

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