Gautam Adani Reclaims Position in the Top 20 Wealthiest Billionaires Worldwide

In a remarkable rebound, Gautam Adani has reclaimed his position among the world’s top 20 richest individuals, propelled by a surge in Adani Group stocks. According to the latest data from the Bloomberg Billionaires Index, Adani now holds the 19th spot, boasting a substantial net worth of $66.7 billion.

The impressive surge in Adani’s wealth amounted to a staggering $6 billion, a direct result of the recent rally in Adani Group stocks. As the rally extended into its second day, a majority of Adani Group companies witnessed positive growth on Wednesday.

This positive momentum was attributed to the Supreme Court’s decision to postpone its inquiry into the conglomerate. The delay comes in response to allegations of stock manipulation and fraud raised by a US-based short-seller, as highlighted by Vaibhav Vidwani, a Research Analyst at Bonanza Portfolio.

Gautam Adani secures the position of the second richest Indian on the list, trailing behind Mukesh Ambani, who currently holds the 13th spot with an estimated net worth of $89.5 billion. At the summit of the Bloomberg Billionaires Index, Elon Musk continues to reign as the wealthiest individual globally, boasting a colossal net worth of $228 billion. Following Musk are Jeff Bezos with $171 billion, Bernard Arnault with $167 billion, and Bill Gates with $134 billion, completing the top four spots.