Adani Group chairman Gautam Adani s net worth has risen to $100.7 billion, making him the 12th-richest person in the world. He has recovered $16.4 billion this year after allegations of market manipulation and fraud.
Shares of his flagship Adani Enterprises Ltd. rose for an eighth day following an earnings report last week that showed a 130% surge in profit. He’s now the 12th-richest person in the world, just one spot behind, Mukesh Ambani.
In pre-Hindenburg days, Adani s wealth saw a gravity-defying one-way movement that took him to the position of the world s second richest man for a brief period. However, life changed after US-based short-seller Hindenburg Research brought out an explosive report on January 24 claiming that the Adanis were indulged in the biggest con in corporate history.
Gautam Adani s personal wealth rose to $86.2 billion as the Indian businessman moved one spot up to 14th position in the Bloomberg Billionaires Index and is now just one place behind Mukesh Ambani who is placed at the 13th position.