According to Forbes, Adani's fortune has grown by nearly $10 billion since last month, when the US DOJ dropped fraud-related charges against the Adani Group.
Court documents show that Gautam Adani agreed to pay civil penalties of $6 million while his nephew agreed to pay $12 million. The proposed settlement doesn't include an admission of guilt.
While the DoJ could effectively move to drop the charges with the defendants out of the country, a resolution to the SEC would likely involve a monetary penalty, sources said.
As per the rankings released on Friday, Gautam Adani, Founder and Chairman of the Adani Group, now ranks 19th globally with a net worth of USD 92.6 billion.
