The founder Gautam Adani’s wealth has surpassed $70 billion due to the current surge in the Adani Group’s shares. Adani’s stock price increase has coincided with a wider market surge on expectations that the Narendra Modi-led BJP will win the general elections of the next year, reducing concerns about political stability in one of the world’s fastest-growing economies.
Details on Gautam Adani’s wealth surpasses $70 billion as market and group shares rise on anticipation of BJP winning in 2024
According to the Bloomberg Billionaire ranking, Adani, 61, is now the 16th richest person on the planet as a result. A few days ago, he was ranked 22nd on the list of billionaires. Adani has a $150 billion wealth at his height.
Adani is now wealthier than American billionaires Rob and Alice Walton, Julia Flesher Koch & family, and Michael Dell. On Monday, Adani alone added $4.41 billion to his wealth.
Jim Walton is ranked 15th, barely ahead of Adani, with $70.5 billion. As group shares added more than Rs 90,000 crore in market capitalization (m-cap) intraday, pushing the group m-cap to around Rs 13 lakh crore, Adani’s fortune probably increased on Tuesday morning.
