Explore the unprecedented surge in Gautam Adani’s net worth on January 3, 2024, following the Supreme Court’s decision on the Adani-Hindenburg case. Uncover the details and understand how Adani outpaced even Elon Musk, securing the top spot on Forbes Billionaires List in just one day.
On January 3, 2024, Gautam Ani witnessed a meteoric rise in his net worth, becoming the world’s richest billionaire in a single day. The Supreme Court’s verdict on the Adani-Hindenburg case played a pivotal role, propelling Adani’s stocks to unprecedented heights. The surge not only surpassed Elon Musk’s gains but also posed a significant challenge to India’s wealthiest person, Mukesh Ambani.
The Supreme Court’s decision refrained from granting SEBI the authority to investigate the Adani-Hindenburg case further, expressing satisfaction with SEBI’s previous examinations, citing no irregularities in 22 out of 24 cases. The remaining two cases will undergo SEBI scrutiny within a three-month timeframe.
As a result of this news, Adani Group’s listed companies experienced a substantial increase in market capitalization, adding nearly thousands of crores to their value. Gautam Adani’s net worth soared by $3.6 billion in a single day, overshadowing both Elon Musk and Mukesh Ambani on the Forbes Billionaires List.
According to Forbes, Gautam Adani currently holds the 16th position among the world’s wealthiest, while Mukesh Ambani, the Chairman of Reliance Industries, ranks 12th. The latest figures underscore Gautam Adani’s triumph as the earnings victor, positioning him prominently on the global financial stage.
