The Indian stock market saw a strong rise on Wednesday which was boosted by exit polls from the Bihar Assembly elections that predicted a return of the NDA government.
The Sensex jumped nearly 595 points, driven by gains across the Adani Group companies. All Adani Group stocks ended higher, with Adani Enterprises, the group’s flagship company, leading the rally with a 4.98 per cent surge. This sharp rise added around USD 2.15 billion (about Rs. 19,055 crore) to the personal wealth of the group’s chairman, Gautam Adani.
According to the Bloomberg Billionaires Index, Adani’s total net worth has now climbed to USD 90.8 billion. Since the beginning of this year, his wealth has grown by USD 12.1 billion, moving him up to 19th place on the global rich list.
The Adani Group has business interests in several sectors, including energy, ports, and infrastructure. Recently, the conglomerate announced its entry into the battery storage sector, marking another expansion in its growing portfolio.
On Wednesday, six of the world’s top 10 billionaires saw their net worth decline. The biggest loss was reported by Oracle founder Larry Ellison, the world’s second-richest person, whose fortune dropped by USD 9.64 billion, bringing his total net worth down to USD 285 billion. Despite the fall, Ellison’s wealth has still grown the most this year, up by USD 93.4 billion so far.
Other billionaires who lost money include Elon Musk (down USD 6.47 billion), Jeff Bezos (down USD 4.2 billion), Larry Page (down USD 3.37 billion), Sergey Brin (down USD 3.09 billion), and Mark Zuckerberg (down USD 6.14 billion).
Here’s the current ranking of the world’s top 10 richest people:
- Elon Musk – USD 450 billion
- Larry Ellison – USD 285 billion
- Jeff Bezos – USD 265 billion
- Larry Page – USD 248 billion
- Sergey Brin – USD 232 billion
- Mark Zuckerberg – USD 216 billion
- Bernard Arnault – USD 204 billion
- Steve Ballmer – USD 176 billion
- Jensen Huang – USD 168 billion
- Michael Dell – USD 155 billion
From India, Mukesh Ambani ranks 18th globally with a net worth of USD 106 billion. The gap between Ambani and Gautam Adani now stands at USD 15.2 billion.