The value of billionaire Gautam Adani’s holdings has increased by more than $12 billion in a single day as the Adani Group firms’ stock prices continue to rise spectacularly for the third straight day.
Details on as firm stocks rise, Gautam Adani’s net worth climbs to $12 billion in a single day
Gautam Adani’s net worth increased by $12.3 billion on Wednesday, reaching $82.5 billion according to the Bloomberg Billionaires Index. Adani has risen seven points in a matter of days to take the 15th rank on the list of the richest people in the world, just a few spots behind Mukesh Ambani, the richest person in India.
Gautam Adani is likely to surpass the chairman of Reliance Industries Limited, who is currently ranked 13th on the list of the richest people in the world with a net worth of $91.4 billion, if shares of Adani Group maintain this momentum for one or two trading sessions.
It should be mentioned that in early trading, the market capitalization of the Adani Group surpassed Rs 14 lakh crore and appeared to be approaching Rs 15 lakh crore. However, profit booking has caused shares of some of the company’s listed companies to decline after reaching their day’s high.
