New Delhi, Sep 23 (NationPress) Gautam Adani, the Chairman of Adani Group, has witnessed a remarkable increase in his net worth, soaring by $13 billion within a mere two days, fueled by a significant rise in the shares of his group companies.

As per the Bloomberg Billionaires Index, Gautam Adani's current wealth is estimated at $95.7 billion, positioning him just behind Mukesh Ambani, the Chairman of Reliance Industries, whose net worth has decreased to $98.6 billion.

This year alone, Adani's wealth has escalated by $17.1 billion, exceeding the $8.02 billion gain recorded by Ambani.

The surge in Adani Group stocks follows a favorable ruling from the Securities and Exchange Board of India (SEBI) regarding the Hindenburg short-selling allegations.

In its concluding order, SEBI dismissed claims of fund routing and related-party transactions, affirming that the conglomerate adhered to all regulations.

Market confidence has been robustly mirrored in the stock performances. Over the last three trading sessions, Adani Power has surged nearly 30%, Adani Total Gas by 18%, Adani Green Energy by 15%, and Adani Energy Solutions by over 10%. Adani Enterprises has increased by more than 11%, while Adani Ports has seen a rise of approximately 3%.

Previously, Gautam Adani had encouraged his team to accelerate innovation and undertake bold advancements in areas such as energy and logistics, especially after the SEBI's verdict cleared the conglomerate of any wrongdoing.

"We must construct not just for today’s applause but for a legacy that lasts for generations. Headlines fade, but our creations must leave an indelible mark on history," Gautam Adani articulated in a letter to his staff.

"Today, the cloud that loomed over us for more than two years has dissipated. SEBI's thorough investigation has concluded by dismissing all allegations from the Hindenburg report released in January 2023," the letter mentions.

On a global scale, Elon Musk continues to dominate the billionaires list with a staggering net worth of $452 billion, followed by Larry Ellison at $388 billion, Mark Zuckerberg at $269 billion, Jeff Bezos with $250 billion, and Larry Page at $221 billion.

Among Indian billionaires, Mukesh Ambani ranks 18th globally, while Adani is positioned at 19th.