Gautam Adani’s net worth surged by a staggering $13 billion within just two days, propelled by a sharp rally in Adani Group shares.
According to the Bloomberg Billionaires Index, his wealth now totals $95.7 billion, bringing him closer than ever to Mukesh Ambani, whose fortune has declined slightly to $98.6 billion.
So far this year, Adani has added $17.1 billion to his net worth, more than double the $8.02 billion growth recorded by Ambani.
The significant surge follows the Securities and Exchange Board of India (SEBI) issuing a clean chit to the Adani Group in the high-profile Hindenburg short-selling case.
SEBI Dismisses Allegations
SEBI’s final order dismissed accusations relating to fund routing and related-party transactions, confirming that the Adani conglomerate had not breached any regulations.
This verdict lifted the cloud of uncertainty that had loomed over the group since the allegations emerged earlier this year.
Investor confidence quickly translated into soaring stock prices for the group.
In the last three trading sessions alone, shares of Adani Power climbed nearly 30%, Adani Total Gas rose 18%, Adani Green Energy jumped 15%, and Adani Energy Solutions increased over 10%.
Other key stocks also performed strongly, with Adani Enterprises up more than 11% and Adani Ports rising close to 3%.
Vision for the Future
In the wake of the SEBI verdict, Gautam Adani urged his group’s staff to accelerate innovation and pursue bold advances across energy, logistics, and infrastructure.
In a letter to employees, he emphasised the importance of building a lasting legacy rather than seeking short-term acclaim.
“We must build not for today’s applause but for a legacy that endures for decades. Headlines fade, but what we create must leave its mark on history,” Adani wrote.
He also acknowledged the lifting of the ‘cloud’ that had hung over the group for over two years following SEBI’s thorough investigation and rejection of all allegations.
Globally, Tesla and SpaceX CEO Elon Musk remains the wealthiest individual with a net worth of $452 billion, followed by Oracle co-founder Larry Ellison ($388 billion), Meta founder Mark Zuckerberg ($269 billion), Amazon’s Jeff Bezos ($250 billion), and Google co-founder Larry Page ($221 billion).
Among Indian billionaires, Mukesh Ambani ranks 18th worldwide, while Gautam Adani stands just behind at 19th, reflecting the rapid ascent of his wealth and influence in the country and beyond.
With the ongoing stock rally and strategic business initiatives, Gautam Adani appears set to challenge Mukesh Ambani’s position as India’s richest person.
The SEBI verdict has not only restored market confidence but also paved the way for continued growth and expansion of the Adani Group, signalling a new chapter for one of India’s most influential business empires.
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