(Image source from: Businesstoday.in)
Gautam Adani is back on list:- Industrialist Gautam Adani is back in the top 20 billionaires list. He added nearly $10B to his wealth after the stocks surged on Monday, Tuesday, Wednesday and Thursday. All the weekdays were green for Adani, there was a gain and a rally for ten of Adani group shares. The markets were also trading on the upper circuit. This led to a surge in Adani’s wealth. It has a market capitalization of Rs 1 Lakh Crore only on Monday.
John Mars from confectionary giant Mars was in the Top 20 with a wealth of $62.2B and Adani was just $2.4 billion away on Tuesday. Adani was in 23rd position with a net worth of $59.8 billion and then after two days, his north worth is $64.2B. Adani got most of his wealth back. After the Hindenburg row, a committee was appointed by Supreme Court regarding PIL (public interested litigations) filed on Adani and they submitted their report before SC last Friday.
On the 19th of May, Adani Enterprises' share value was Rs 1896/- and on the 25th it is trading at a price of Rs 2,548/-. Same way Adani Ports, Adani Green, Adani Wilmar, Adani Transmission, Adani Power, Adani Total Gas, Ambuja Cements, ACC and NDTV shares have seen a quite surge in the last five days. Together Adani is back on the list again.
