Gautam Adani's net worth increased by 25% to Rs 5.90 lakh crore.
Due to this, all the shares of the group rose, reached number 16 in the list of rich. Adani Group Chairman Gautam Adani has reached 16th position in the list of the world's richest today i.e. Tuesday (December 5). According to Forbes Real Time Billionaires, Gautam Adani's net worth has today increased by 25.61% i.e. 14.4 billion dollars to 70.8 billion dollars i.e. ₹ 5.90 lakh crore. A few days ago, Adani was at number 22 in the list of the rich.
Bhavika Nandwana
Follow Us
In fact, today there was a tremendous rise in the shares of all the companies of Adani Group, due to which this increase in the net worth of Gautam Adani has been seen. The market cap of the group also increased to beyond Rs 13.9 lakh crore.
All 10 shares of Adani Group remained on the rise
At the end of the trading session today, all the 10 shares of Adani Group remained on the rise. Shares of Adani Enterprises, the flagship company of Adani Group, closed at Rs 2,971 with a gain of 17.38%. Whereas Adani Green Energy, Transmission and Total Gas shares saw a rise of 20%.
Apart from this, there was a rise of 15.33% in Adani Power, 14.95% in Ports, 9.99% in Wilmar, 6.94% in Ambuja Cement, 8.15% in ACC and 18.11% in NDTV. Not only this, there has been a continuous rise in the shares of Adani Group for the last few days.
Why are Adani Group shares rising?
In fact, today the US government's investigative agency International Development Finance Corporation (DFC) has given a clean chit to Adani Group after its investigation. According to Bloomberg, the US investigative agency has said that the allegations made by short seller Hindenburg Research against Adani Group are absolutely false. After this news came out, there was a tremendous rise in the shares of Adani Group.
Earlier, in the Adani-Hindenburg case, the Supreme Court had also said in the hearing on November 24 that we do not need to accept the report of the American company Hindenburg Research as factually correct. Since this statement of the court, there has been a rise in the shares of the group and a continuous increase in its market cap.
Hindenburg had leveled allegations of money laundering against the group.
On January 24, 2023, Hindenburg Research had leveled allegations against Adani Group ranging from money laundering to share manipulation. Then there was a continuous decline in the shares of Adani Group, due to which its market value fell by $ 100 billion i.e. ₹ 8.33 lakh crore.
Not only this, Gautam Adani was out of the top-20 in the list of the world's richest people. Before the Hindenburg report came out, Gautam was in the top-3 with a net worth of $150 billion i.e. ₹12.50 lakh crore.
Adani second Indian in top-20 list of rich
Gautam Adani is the second Indian in the top-20 list of the world's richest. Apart from him, Reliance Chairman Mukesh Ambani is at number 14 in this list with a net worth of $94.9 billion (Rs 7.91 lakh crore).
