Indian billionaire Gautam’s wealth jumps $6.5 billion in one ‎day

The wealth of Indian billionaire Gautam Adani, chairman and founder of the Adani Group, jumped more than $6.5 billion in one day. Billionaire Gautam returned to the list of the 20 richest individuals in the world, according to the newspaper “India Today”, after a significant rise in the group’s shares during the previous trading session. Thus, he ranked nineteenth on the Bloomberg Billionaires Index

This came after the Supreme Court of India finished hearing arguments in a case related to an investigation into the deterioration of the shares of the conglomerate owned by Ghadani earlier this year. Shares of all 10 companies listed in the Adani Group witnessed a sharp rise yesterday and the combined market capitalization of the group increased by more than Rs 1 lakh crore.

The wealth of Gautam Adani – the richest man in Asia – fell by about $5.5 billion last January after he faced American accusations that his empire was committing fraudulent acts. Gautam Shantilal Adani is an Indian billionaire. He is the chairman and founder of the Adani Group, a multinational group headquartered in Ahmedabad, involved in developing and operating ports in India. Adani is also the Chairman of the Adani Foundation, which is operationally led by his wife, Preeti Adani.