Gautam Adani Networth Rises More Than 50 Percent Form Lower Level After Hindenburg Report

Gautam Adani Current Networth: The net worth of Gautam Adani, who was once among the three richest men in the world, may have come down considerably, but he is still among the top rich. For the last three weeks, with the return rally in the shares of Adani Group, his net worth (Gautam Adani Networth) has started improving again. During this period, Gautam Adani’s net worth has gone up by more than 50 percent on the basis of good performance of shares and he is just one step away from joining the top 20 richest persons again.

Networth was this much four and a half months ago

First of all, let us tell you that Gautam Adani was once counted among the three richest people in the world and then only Tesla CEO Elon Musk Networth and Amazon’s Jeff Bezos were richer than him. were left. He achieved this position in the month of September last year. After that his wealth kept on increasing. According to data from the Bloomberg Billionaires Index, Adani’s total assets (Gautam Adani Total Net Worth) reached $ 143 billion after the market closed on 31 October.

Heavy damage caused by this report

However, after the release of the controversial Hindenburg report in January, the shares of Adani Group fell heavily for about a month. In a report released on January 24, Hindenburg made several serious allegations against the Adani group. It was said in the report that the value of Adani Group’s shares is very high. Apart from this, many other allegations were also made including manipulating the prices of shares. Due to this report, the prices of shares of Adani’s companies fell by up to 80 percent. The combined market cap of the 10 listed companies of the group decreased by Rs 12.06 lakh. Due to this, Gautam Adani’s net worth had reduced to just less than $ 40 billion and he had to suffer a loss of more than $ 80 billion in just one month.

Now Gautam Adani on this notch

According to the Bloomberg Billionaire list, Gautam Adani’s net worth was just $37.7 billion on February 27. According to this list, Gautam Adani’s net worth has become $ 57.5 billion. That is, during the last three weeks, his wealth has increased by about $ 20 billion, ie 52.52 percent. With this, Adani has now reached the 21st position in the list of richest people. Alice Walton is in 20th place with $61.5 billion.

Such recovery came in the shares of the group

Gautam Adani’s net worth depends on the performance of his companies’ shares. Since the beginning of March, their shares have been rising steadily. Except for a few days, the share prices of the group have gone up in almost all the sessions. The stock of Adani Enterprises, the flagship company of the group, has recovered about 125 per cent compared to the lower level of February 03. Similarly, Adani Green has recorded a recovery of about 85 percent, Adani Ports about 70 percent and Adani Transmission about 60 percent.

read this also: Flight of Adani group halted, all shares down except Adani Green, lower circuit on two

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