The combined market cap of Indian industrialist Gautam Adani's conglomerate has swollen past $200 billion as multiple subsidiaries' stocks turn multibaggers in 2022.
What Happened: This came as the stocks of India's richest man's seven listed companies continued to rally despite a significant volatile environment around the global markets. The Adani conglomerate entered the three-member $200 billion club, which earlier had just two members — Mukesh Ambani-led Reliance Industries and the Tata Group.
