#gautamadani #mukeshambani #adanigroups #reliancegroup #richestmaninasia
Billionaire Gautam Adani has moved past Mukesh Ambani to become the richest Indian and 12th most valued person in the world, the latest update at Bloomberg Billionaire index suggested. With a $7.67 billion bump to his fortunes in a single day, following the Supreme Court's verdict on Hindenburg Research case, Adani is now worth $97.6 billion, surpassing Mukesh's $97 billion. He is now eyeing the $100 billion mark, as his group stocks continue to see positive momentum on domestic bourses. Gautam Adani, 61, has seen a $13.3 billion jump in his fortunes in 2024 so far, the highest by any individual, as per the Bloomberg index. Against this, Mukesh Ambani's wealth has jumped a modest $665 million in few sessions in to the year.
The owner of ports-to-power conglomerate Adani group, Adani was once the third richest in the world, with his fortunes touching a high of about $149 billion mark in the middle of September 2022. But a scathing report by Hindenburg Research in January 2023, which predicted 85 per cent slide for Adani group stocks citing sky-high valuations, eroded $150 billion off Adani group market capitalisation, and Adani's personal wealth plunged to a low of $37.7 billion on February 27, 2023, as per Bloomberg. He was the world's fourth richest, a day before the emergence of Hindenburg report .
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