![\"Gautam](\"https:\/\/c.ndtvimg.com\/2023-01\/9u1oc074_gautam-adani-reuters_625x300_07_January_23.jpg\"\/ "\\"Gautam")
<\/div>\nGautam Adani has regained over $16 billion this year, according to a Bloomberg tracker. (File)<\/p>\n<\/div>\n
Industrialist Gautam Adani’s fortune has hit $100 billion again, a year after his group’s share prices saw an unprecedented rout sparked by Hindenburg Research’s market manipulation charges. Adani Group now stands cleared of all charges.<\/p>\n
Gautam Adani is currently the 12th richest person in the world with a net worth of $101 billion, according to the Bloomberg Billionaires Index.<\/p>\n
His flagship Adani Enterprises reported 130% surge in profit last week, following which its shares rose for the eighth consecutive day on Wednesday.<\/p>\n
Once valued at over $150 billion, Adani Group saw a big plunge in share prices last year after a short-seller attack, but has regained much of his lost wealth after a clean chit from the Supreme Court and the markets regulator.<\/p>\n
The company had termed the Hindenburg allegations as “malicious combination of selective misinformation and concealed facts relating to baseless and discredited allegations to drive an ulterior motive”.<\/p>\n
The port-to-energy tycoon reached a low of $37.7 billion, losing around $80 billion following the report. He has regained over $16 billion this year, according to a Bloomberg tracker, and now remains about $50 billion below his 2022 peak.<\/p>\n
In a big victory for the company, the Supreme Court in January backed markets regulator SEBI’s clean chit to the Adani Group and ruled out a need for further probe.<\/p>\n
Mr Adani last month said he doesn’t expect this to be the end of such attacks.<\/p>\n
“Had our detractors’ plan fully succeeded, domino effects could have crippled many critical infrastructure assets, seaports and airports to power supply chains – a catastrophic situation for any country,” he wrote in an article marking a year since the allegations were made.<\/p>\n
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)<\/i><\/p>\n<\/div>\n