Billionaire Gautam Adani added $5.6 billion to his net worth last week after shares of his companies rallied following the Supreme Court hearing on Hindenburg report-related matter, Bloomberg report said.
The business tycoons' wealth eroded early this year after a US-based short seller alleged wide-ranging corporate malfeasance against billionaire Adani Group in its 24 January report.
However last month, the top court reserved its verdict on a batch of petitions seeking examination of allegations of fraud against the Adani conglomerate. The apex court in its verdict mentioned that it won’t take scathing media reports on the conglomerate as the “gospel truth." The final ruling is awaited.
Not seeking extension to finish probe into Adani-Hindenburg matter: Sebi to SC
After the Court's order, the industrialist ranks 20th on the Bloomberg Billionaires Index with a $65.8 billion fortune.
