Adani saw massive $60.2 billion wealth erosion amid Hindenburg row as Elon Musk, Mark Zuckerberg led $852 billion surge
stock prices," Adani said recently. He also noted in the annual report of group's flagship Adani Enterprises that a Supreme Court -appointed panel of experts found no regulatory failure.
According to the Bloomberg Billionaires Index Elon Musk and Mark Zuckerberg had led a $852 billion surge among the world's 500 richest individuals. Each member of the Index made an average of $14 million per day over the past six months.
Data compiled by Bloomberg also indicated that this was the best half-year for billionaires since the back half of 2020 when the economy rebounded from a COVID-induced slump. The gains also coincided with a broad stock market rally, as investors brushed off the effects of central bank interest rate hikes, the ongoing war in Ukraine and a crisis in regional banks.
The S&P 500 rose 16% and the Nasdaq 100 surged 39% for its best-ever first half as investor mania over artificial intelligence boosted tech stocks. (With inputs from agencies)
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