Adani, Ambani Add Over $10 Billion in a Day as Stock Market Soars; Investors’ Wealth Surges by ₹16.15 Lakh Crore
In a massive wealth surge, India’s top billionaires Mukesh Ambani and Gautam Adani added over $10 billion to their net worth on Monday, driven by a strong rally in global stock markets. The domestic indices, Sensex and Nifty, jumped nearly 4% in intraday trading, resulting in a record ₹16.15 lakh crore increase in investor wealth.
Indian Billionaires – Adani & Ambani Benefit from Market Rally
According to the Bloomberg Billionaire Index, Reliance Industries Chairman Mukesh Ambani saw his net worth jump by $4.42 billion, reaching $103 billion, making him the 17th richest person globally. Meanwhile, Adani Group Chairman Gautam Adani’s fortune grew by $5.31 billion, rising to $79.8 billion, securing the 20th spot on the global list.
The rise in wealth for Ambani and Adani came amid a worldwide stock market rally driven by easing tensions between the United States and China and a ceasefire announcement between India and Pakistan. Major global billionaires like Elon Musk, Jeff Bezos, and Mark Zuckerberg also saw significant gains, with Musk’s wealth rising by $14.5 billion to $359 billion.
Sensex and Nifty Register Record Gains
India’s stock markets experienced their biggest single-day jump in four years. The BSE Sensex closed at a seven-month high of 82,429.90 points, gaining 2,975.43 points (3.74%). Nifty also rose sharply, gaining 916.70 points (3.82%) to close at 24,924.70 points.
The market boom which actually benefited Ambani and other billionaires, was fueled by strong buying across sectors, supported by positive global cues and easing geopolitical tensions.
Global Billionaires See Record Gains
Globally, other top billionaires also saw their fortunes rise significantly:
-
Elon Musk: Net worth increased by $14.5 billion to $359 billion.
-
Jeff Bezos: Wealth surged by $14.3 billion, reaching $229 billion.
-
Mark Zuckerberg: Net worth climbed by $16.1 billion to $226 billion.
-
Larry Ellison: Added $6.97 billion, reaching a total of $181 billion.
The rally in global markets has significantly boosted the wealth of the world’s richest, marking one of the most profitable days for billionaires in recent years.
Investor Wealth Soars by ₹16.15 Lakh Crore
The surge in the Indian stock market also led to a massive increase in domestic investor wealth, with the market capitalization of BSE-listed companies increasing by ₹16.15 lakh crore.
This bullish run comes just days before a highly anticipated US-China trade deal, which is expected to further boost global market sentiment.
For More: World’s 5th Richest Man Rents from Mukesh Ambani at ₹40 Lakh Monthly in Mumbai