After Hindenburg controversy, Adani again reaches 100 billion dollar club, becomes 12th richest in the world
Gautam Adani: Shares of Adani Group suffered a major fall last year after the allegations made by the short-seller. However, after getting a clean chit from the Supreme Court and the market regulator, Gautam Adani has recovered most of his lost wealth.
Gautam Adani, the head of the Adani Group, is now worth over $100 billion. The head of Adani Group has reclaimed his position after recovering from the sharp decline in shares following the Hindenburg incident.
The claims made by short sellers caused the shares of Adani Group to plummet dramatically in the previous year. Nonetheless, Gautam Adani has regained the majority of his lost wealth after receiving a clean sheet from the Supreme Court and the market regulator.
According to the Bloomberg Billionaires Index, Gautam Adani's wealth increased by $ 2.73 billion on Wednesday to reach $ 101 billion. In the last year, the wealth of the head of Adani Group has increased by $16.4.