A stocks rally in firms owned by Gautam Adani added $5.6 billion to his net worth last week after India’s top court concluded hearings in a lawsuit probing allegations of corporate malfeasance against the conglomerate. Adani Group’s stocks were battered earlier this year after a shortseller report, but now Adani ranks 20th on the Bloomberg Billionaires Index with a $65.8 billion fortune. On Tuesday, the first trading day after the court reserved its verdict, the conglomerate added $12 billion to its market value.
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