Amidst a market rally, Gautam Adani's wealth increases by $5.6 billion.

Billionaire Gautam Adani's net worth increased by $5.6 billion last week as a result of his companies' stock rising after the Supreme Court heard a case pertaining to the Hindenburg report, according to a Bloomberg report.

The billionaire Adani Group was accused by a US-based short seller of widespread corporate malfeasance in a report published on January 24th, which caused the business tycoons' wealth to decline early in the year.

On a number of petitions, however, the top court postponed making a decision last month in order to look into claims of fraud against the Adani conglomerate. In its decision, the supreme court stated that it would not accept damning media reports about the corporation as the "gospel truth." The final decision is anticipated.
 

Following the Court's ruling, the industrialist, whose net worth is $65.8 billion, is ranked 20th on the Bloomberg Billionaires Index.

Furthermore, the market value of Adani Group stocks increased by roughly $9.8 billion on Monday. As market participants celebrated Prime Minister Narendra Modi's party's victory in three state elections, the stock market saw a surge that contributed to the Nifty 50 and Sensex reaching all-time highs.