INSUBCONTINENT EXCLUSIVE:
Gautam Adani, the Indian billionaire, has reclaimed a position among the world's top 20 richest individuals after a consecutive market
rally lifted the combined market value of his companies by 1.33 lakh crore
He currently holds the 19th spot on the Bloomberg Billionaires Index, marking a $6.5 billion increase in his overall net worth, as per
Bloomberg's recent update.However, his total net worth remains $53.8 billion lower for the year-to-date period, according to an ET
report.Adani's companies experienced a robust rally across all ten stocks following the Supreme Court's remarks on the market regulator
Adani Group stocks surged by more than Rs 33,000 crore on Wednesday, reaching Rs 11.6 lakh crore, the report said
Adani stands as the second wealthiest Indian on the list, trailing Mukesh Ambani, who has a total net worth of an estimated $89.5
billion.Adani-Hindenburg case: SC reserves judgment, says no reason to discredit SEBIEarlier this year, Adani's ranking had slipped below
the 25th position due to the fallout from the Hindenburg research report
Hindenburg report's claims as absolute truth
Chandrachud asked Sebi about its plans to safeguard investors from market volatility or short-selling
It highlighted that the court couldn't set up a special investigation team (SIT) independently without substantial evidence.The Bloomberg
Billionaire Index monitors the net worth of the world's top 500 wealthiest individuals, with Elon Musk, Jeff Bezos, and Bernard Arnault
securing the top three slots
Alongside Adani and Ambani, 20 other Indians feature on this list, including Shapoor Mistry, Shiv Nadar, Savitri Jindal, Azim Premji,
Radhakishan Damani, and Uday Kotak, among others.
