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Gautam Adani rebounded from a substantial net worth setback during the Hindenburg saga by raising an impressive $15 billion.

 Billionaire Gautam Adani's net worth has decreased as a result of the Hindenburg report's effects on the business community. The Hindenburg report on Adani's company caused him to lose more than thirty percent of his net worth in 2023, making him the most wealthy person in India. Adani overcame this setback and quickly began to rebuild, raising around $15 billion in debt and equity in the course of the fiscal year.

In 2023, Adani, who was ranked as the second richest man in India behind Mukesh Ambani, raised $5 billion in equity and took on almost $10 billion in debt. Shares of the Adani Group gradually recovered as a result of this calculated move. Between March and August, prominent investors, including GQG Partners, bought shares in five group companies for a total of over $4.3 billion. Adani Green Energy Ltd. received $770 million in simultaneous investments from TotalEnergies and Qatar Investment Authority (QIA).

Adani Group underwent a sea change with the acquisition of Ambuja Cement and ACC, which prompted the refinancing of the $3.5 billion debt used to fund the deal and improved the bankability of the company. The group then increased the size of its industrial holdings by purchasing Sanghi Cement for $431 million, Karaikal Port for $181 million, Coastal Energen for $420 million, and a 49.38 percent interest in Indian Oil Tanking for $128 million.

Adani Group actively engaged in airports, green energy, data centers, digital services, media, and ports in addition to coal. The quick increase in its share price was facilitated by this calculated diversification.

Nevertheless, Gautam Adani's wealth fell by about $60 billion in the wake of the Hindenburg scandal, resulting in a significant reduction to his net worth in 2024. With a net worth of more than $110 billion, Adani surpassed Mukesh Ambani to become the richest person in India before the release of the Hindenburg report. Regrettably, Adani lost over thirty-four percent of his money due to a sharp decline in share prices and the collapse of large transactions. With a net worth of $72.5 billion, he is currently the second richest person in the nation, according to Forbes figures.












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