NEW DELHI– Gautam Adani, Chairman of the Adani Group, saw his net worth soar by $13 billion in just two trading sessions, fueled by a powerful rally in his companies’ shares. The spike has pushed his wealth to $95.7 billion, according to the Bloomberg Billionaires Index, leaving him just shy of overtaking Reliance Industries Chairman Mukesh Ambani, whose fortune now stands at $98.6 billion.
Adani’s gains this year total $17.1 billion—more than double the $8.02 billion rise in Ambani’s wealth during the same period. The sharp upswing comes after India’s market regulator, the Securities and Exchange Board of India (SEBI), cleared the Adani Group in its final ruling on the Hindenburg short-selling case. SEBI dismissed allegations of fund routing and related-party transactions, finding no regulatory violations.
The decision ignited investor confidence across Adani Group stocks. In just three sessions, Adani Power surged nearly 30 percent, Adani Total Gas jumped 18 percent, Adani Green Energy climbed 15 percent, and Adani Energy Solutions rose more than 10 percent. Adani Enterprises gained over 11 percent, while Adani Ports advanced nearly 3 percent.
In a letter to employees, Adani said the SEBI verdict had lifted “a cloud that had hung over us for more than two years,” and urged staff to accelerate innovation and expansion across energy, logistics, and infrastructure. “We must build not for today’s applause but for a legacy that endures for decades. Headlines fade, but what we create must leave its mark on history,” he wrote.
Globally, Elon Musk remains the world’s wealthiest individual with a $452 billion fortune, followed by Oracle’s Larry Ellison ($388 billion), Meta’s Mark Zuckerberg ($269 billion), Amazon founder Jeff Bezos ($250 billion), and Google co-founder Larry Page ($221 billion). Among Indians, Ambani ranks 18th worldwide, with Adani close behind at 19th. (Source: IANS)
