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Gautam Adani Crosses The 100 Billion USD Mark for The First Time After the Adani Hindenburg Case

There was a drastic change in his net worth as well, and he was no longer in the position of being one of the worldu2019s richest individuals. However, soon after the allegations of the Adani scam were cleared, his net worth began to rise. His current net worth has crossed the 100 billion USD mark for the first time since the Hindenburg report.

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Gautam Adani Crosses The 100 Billion USD Mark for The First Time After the Adani Hindenburg Case

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  1. Gautam Adani Crosses The 100 Billion USD Mark for The First Time After the Adani Hindenburg Case

  2. After over a year since Gautam Adani lost the title of India’s richest and the world’s third richest person, he is back on his journey towards recovering from the damage caused to his empire by the Hindenburg Research Report. Gautam Adani, one of the biggest business tycoons, has led the global business world for decades because of his extraordinary business ventures. Since time immemorial, he has made remarkable advancements in some of the world’s growing sectors. His areas of interest include growth sectors like logistics, renewable energy, etc.

  3. Rise in Net Worth for Gautam Adani On February 7 2024, Gautam Adani’s net worth increased by 2.73 billion USD to 100.1 billion USD. This has made his cumulative net worth jump to 16.4 billion USD. The business tycoon made a remarkable recovery. It has also made him one of the most sought-after business tycoons in the entire world. With his re-entry into the 100 billion club, Gautam Adani is now the 12th richest person in the world. As per the Bloomberg Billionaires Index, his current spot lies just one place behind Mukesh Ambani, the Chairman of Reliance Industries.

  4. THE HINDENBURG CASE The US-based short-seller Hindenburg Research first attacked Gautam Adani and his business Empire on January 24, 2023. The report stated that Gautam Adani is involved in multiple stock manipulation and fraud cases. The report also accused the Adani Group of involvement in money laundering. This caused Adani Group’s stocks to get hampered drastically. The investors began losing trust in the conglomerate. The various project operations came to a halt because of the unavailability of cash flow. However, the conglomerate did not lose hope. Instead, it continued to deny all allegations and ultimately, the tables did turn for Gautam Adani when the Supreme Court dismissed the charges of Adani scam. Since then, the Adani Group has been taking up multiple projects both in India and abroad. These projects have offered the Adani Group an extraordinary position on the global platform.

  5. THANK YOU

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