The wealth of Reliance Industries chairman Mukesh Ambani and Adani Group chairman Gautam Adani saw a sharp rise following the ceasefire announcement by Donald Trump. According to the Bloomberg Billionaires Index, Adani’s net worth increased by $6.06 billion (around Rs 56,000 crore) in a single day, while Ambani’s wealth rose by $3.37 billion (about Rs 31,300 crore). With this jump, Adani moved up from 22nd to 21st position among the world’s richest individuals, while Ambani retained his 18th spot.
The Indian stock market witnessed a strong rally on Wednesday after the ceasefire announcement, which positively impacted shares of both the Adani Group and Reliance Industries. Reliance shares rose 3.30% to close at Rs 1,347.75.
Adani Group stocks also recorded significant gains. Adani Ports rose 5.28%, Adani Green surged 11.85%, Adani Enterprises climbed 8.65%, Adani Energy gained 9.10%, and Adani Power increased 3.66%. Other group stocks also closed higher, contributing to a substantial rise in Adani’s overall wealth.
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The ceasefire announcement in the Iran conflict also boosted Wall Street, triggering a global market rally. During the session, the Sensex jumped 2,946 points to close at 77,562.
Among global billionaires, Mark Zuckerberg recorded the highest gain, with his wealth rising by $12.8 billion to $217 billion. Bernard Arnault added $9.89 billion, taking his net worth to $165 billion.
Additionally, Larry Page saw his wealth increase by $8.81 billion to $270 billion, while Sergey Brin gained $8.14 billion, taking his net worth to $251 billion. Amancio Ortega added $7.22 billion to reach $128 billion, and Jeff Bezos saw his wealth rise by $6.57 billion to $243 billion.