Team Blitz India
NEW DELHI: Gautam Adani needed a full year to return to the elite club of people with fortunes above $100 billion after the Hindenburg Report plunged his wealth in early 2023. On February 7, Adani’s net worth climbed $2.7 billion to $100.7 billion, the highest it’s been since the short seller accused the Adani Group of market manipulation— allegations the Adani Group denied.
Shares of his flagship Adani Enterprises Ltd. rose for an eighth day following an earnings report last week that showed a 130 per cent surge in profit.
He’s now the 12th-richest person in the world, just one spot behind his compatriot, Mukesh Ambani, according to the Bloomberg Billionaires Index.
While Ambani’s fortune hit a record high earlier this month, Adani’s is still about $50 billion below its 2022 peak.
