2023-12-06 05:09:00
Adani Group Chairman Gautam Adani’s Net Worth Rises by $10 Billion in 7 Days, Bloomberg Reports
Gautam Adani, the chairman of the Adani Group, has seen a significant increase in his net worth over the past week. According to Bloomberg Research, his net worth has increased by $10 billion, which translates to approximately Rs. 83,000 crores in Indian value, in just 7 days.
This increase has pushed Gautam Adani’s net worth to 70.3 billion dollars (Rs. 5.83 lakh crore), moving him up 4 places to the 16th position in the list of the world’s richest people. He is now the second Indian in the top 20 list after Mukesh Ambani, who is ranked 13th with a net worth of $90.4 billion (Rs 7.50 lakh crore).
The rise in Adani’s net worth can be attributed to the significant increase in the property value of all 10 companies of the Adani Group, which traded higher for the second straight week. As a result, their total market capitalization has crossed Rs. 13 lakh crore. Specifically, Adani Green Energy gained 20 percent, Adani Energy gained 16.38 percent, Adani Total Gas gained 15.81 percent, and Adani Enterprises gained 10.90 percent, according to Bloomberg Research Institute.
This surge in Adani’s net worth has been the talk of the town, with experts and analysts closely watching the development. Adani’s success has been attributed to his effective business strategies and the overall performance of the Adani Group companies in the market. The Adani Group’s success and rise in market capitalization have certainly caught the eye of many, and Gautam Adani’s rapid increase in net worth is a testament to the group’s success.
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