- By Aditya Pratap Singh
- Fri, 05 Jan 2024 11:57 AM (IST)
- Source:JND
Gautam Adani: After a lot of ups and downs in the asset rankings following the American short seller 'Hindenburg' allegations last year, Indian business tycoon Gautam Adani is back in Asia's richest man list.
The recent development came days after the Supreme Court refused the need for SIT probes into the allegations by Hindenburg Research against the Adani Groups.
Adani wealth
As per the recent Bloomberg Billionaires Index, Gautam Adani's net worth rose by $7.7 billion in a day to $97.6 billion. The index shows Reliance Industries Ltd chairman Ambani trailing by a narrow margin with a net worth of $97 billion.
Earlier, after Hindenburg labelled allegations, the Adani group lost more than $150 billion in market value at one point last year and spent months trying to ease investors, creditors, debt repayment and regulatory concerns.
Also Read: Modi Govt To Review Progress Of PLI Scheme On Jan 12
Shares of Adani Group drew a line under a year-long short-seller saga after the Supreme Court this week ordered the local markets regulator to complete its probe into the merger within three months.
Mr Adani, which has pledged to invest $100 billion in the green transformation of its businesses over the next decade, has returned to rapidly expanding its empire beyond its coal business roots into data centres, artificial intelligence, urban development, airports and media.