Gautam Adani re-enters the top 20 richest club after stock rally
Nov 29, 2023, 13:31 IST
- India’s Gautam Adani has re-entered the world’s top 20 richest club.
- He has emerged as the 19th richest man in the world after a rally in the Adani Group stocks.
- Gautam Adani’s wealth significantly declined after the Hindenburg saga last year.
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Gautam Adani, India’s second richest man has once again entered the top 20 billionaires club in the world. This comes after all ten listed companies of the Adani Group rallied on Tuesday, after the Supreme Court said that the Hindenburg and OCCRP reports could not be treated as “credible”.Markets regulator Sebi too did not submit anything incriminating against the group nor did it seek more time to investigate the matter.
According to the Bloomberg Billionaire Index, Gautam Adani added $6.5 billion in a single day on Tuesday, to climb to the 19th position on the index, with a net worth of $66.7 billion.
Adani is now the second Indian in the list, after Mukesh Ambani, who is at the 13th spot with a net worth of $89.5 billion.
Net worth of top 20 richest
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| Rank | Name | Net worth | Last change |
| 1 | Elon Musk | $228 billion | $7.61 billion |
| 2 | Jeff Bezos | $171 billion | -$717 million |
| 3 | Bernard Arnault | $167 billion | -$2.92 billion |
| 4 | Bill Gates | $134 billion | $49.4 million |
| 5 | Steve Balmer | $132 billion | $1.28 billion |
| 6 | Larry Ellison | $131 billion | $235 million |
| 7 | Larry Page | $124 billion | $505 million |
| 8 | Mark Zuckerberg | $123 billion | $1.48 billion |
| 9 | Warren Buffet | $121 billion | -$162 million |
| 10 | Sergey Brin | $117 billion | $448 million |
| 11 | Francoise Bettencourt Meyers | $94.8 billion | -$170 million |
| 12 | Carlos Slim | $93.5 billion | $728 million |
| 13 | Mukesh Ambani | $89.5 billion | $49.2 million |
| 14 | Amancio Ortega | $82.3 billion | $351 million |
| 15 | Jim Walton | $71.6 billion | $546 million |
| 16 | Rob Walton | $70.4 billion | $533 million |
| 17 | Alice Walton | $69.4 billion | $539 million |
| 18 | Michael Dell | $67 billion | -$190 million |
| 19 | Gautam Adani | $66.7 billion | $6.5 billion |
| 20 | Julia Flesher Koch & family | $64.7 billion | -$120 million |
Recovers from the Hindenburg saga
US-based research firm Hindenburg had released a report on the Gautam Adani-owned companies in late January this year, alleging stock manipulation among others. The group’s stocks have reported a sharp decline since the report was released.
The group’s companies have started to rally after the apex court’s statement, with the companies adding $15 billion in a single day, the highest since the report was released.
Adani Enterprises led the rally with a 13% rise on Tuesday. It is to be noted that despite the rally, Gautam Adani’s net worth is still down by over $53.8 billion year-to-date.
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