Gautam Adani’s fortune just skyrocketed by $13 billion in two days, thanks to a massive rally in Adani Group stocks. The Adani Group Chairman now boasts a net worth of $95.7 billion, according to the Bloomberg Billionaires Index, putting him right behind rival Mukesh Ambani of Reliance Industries, whose wealth sits at $98.6 billion after a slight dip.
This year alone, Adani’s net worth has climbed $17.1 billion—more than double the $8.02 billion gain for Ambani. The big boost comes after India’s market regulator, SEBI, gave the Adani Group a clean bill of health in the long-running Hindenburg short-selling case. SEBI’s final order threw out claims of fund routing and shady related-party deals, ruling that the conglomerate broke no rules.
Investors clearly love the news. Over the past three trading sessions, Adani Power shares jumped nearly 30%, Adani Total Gas rose 18%, Adani Green Energy gained 15%, and Adani Energy Solutions climbed more than 10%. Adani Enterprises added over 11%, while Adani Ports edged up about 3%. This surge in Adani Group stocks has lit a fire under the company’s overall value.
With the Hindenburg cloud finally gone—after more than two years—Adani fired up his team in a letter to staff. He called on them to speed up innovation and push boundaries in energy, logistics, and infrastructure. “We must build not for today’s applause but for a legacy that endures for decades,” Adani wrote. “Headlines fade, but what we create must leave its mark on history.” He highlighted SEBI’s probe, which fully rejected the allegations from the U.S. short-seller’s January 2023 report.
On the global stage, Elon Musk still rules the Bloomberg Billionaires list with $452 billion. He leads Larry Ellison ($388 billion), Mark Zuckerberg ($269 billion), Jeff Bezos ($250 billion), and Larry Page ($221 billion). Among Indian billionaires, Ambani holds the 18th spot worldwide, with Adani close behind at 19th.
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