Gautam Adani's Wealth Witnesses Surge By $9 Billion In 1 Day

New Delhi: Riding on the marvelous performance on the stock exchange markets, Asia's richest billionaire Gautam Adani has added a whopping $ 9 billion to his personal fortune on Monday.

With this, he has taken over software company tycoon Larry Ellison to become the 6th wealthiest billionaire in the world. His wealth now is also larger than Google's Larry Page and Sergey Brin.

As per the Forbes Real-Time billionaire Index, Adani's fortune at the end of Monday's trading session stood at Rs $121.9 billion, which is $22 billion more than Reliance Industries Ltd's (RIL) Mukesh Ambani.

Significantly, the gap between the two of India's most powerful businessmen has widened in the past two weeks amidst a sharp rally in share prices of seven listed Adani firms.

The wealth of Adani surged to $9 billion due to a 20 percent jump in share prices of the Group's most valuable company -- Adani Green Energy. The stock was closed at Rs 2,788.70 on the BSE on Monday, which also pushed the renewable company to enter the list of top-10 most valued companies, in terms of market captialisation in the Indian Stock Exchanges.

Adani's Green Energy's m-cap stood at Rs 4.22 lakh crore at the end of Monday's session, higher than telecom major Bharti Airtel. Interestingly, the stock of Adani Green has zoomed 29% in the past two trading days after UAE's International Holding Company (IHC) announced investing $2 billion in three Adani firms through preferential issues.

Also read: Elon Musk Won't Join Twitter Board: CEO Parag Agrawal

Also watch: