Gautam Adani again became Asia’s No. 1 richest man, with Mukesh Ambani second

Gautam Adani richest Asian again: The Adani group has recovered from the shock of the Hindenburg research and the rally in Adani shares on Friday saw his wealth jump to the point where he is now Asia’s richest man. Gautam Adani has surpassed even Mukesh Ambani in terms of wealth. Both the top emirs are Gujaratis.

Highlights:

• Gautam Adani is the richest man in Asia. 11th richest person in the world.
• Shares of the Adani group rose on Friday, boosting assets
• Adani has 10 listed companies. Market capital crossed 18 lakh crores

Adani Group’s Gautam Adani has once again become Asia’s richest man. He has overtaken Reliance Group chief Mukesh Ambani and now has a net worth of over 9.26 lakh crores. This makes Gautam Adani the richest person in Asia and the 11th richest person in the world. Shares of the Adani group rose on Friday, boosting their fortunes. Adani has 10 listed companies and its market capitalization has crossed Rs 18 lakh crore.

After the Hindenburg Report, Adani Enterprises, the flagship company of the Adani Group, has completely recovered after the Supreme Court’s decision. Adani Enterprises has regained the value it had before the Hindenburg blast.
Adani’s wealth is increasing day by day and till now in 2024 Adani’s net worth has increased to Rs 2.23 lakh crore while Ambani’s wealth has increased by Rs 1.05 lakh crore. Adani overtook Ambani in January 2024 after about 12 months. After that, Ambani went ahead again. Now again Gautam Adani has gone ahead. After the Supreme Court ordered a probe into the allegations of the Hindenburg Report, Adani had trouble for some time. The investigation was then concluded and the Adani group was cleared of the charges. Mukesh Ambani is ranked 12th in Bloomberg’s index with a net worth of Rs 9.10 lakh crore. While Bernard Arnault is at the top with a wealth of 17.27 lakh crores. Adani’s fortunes surged in just 24 hours as the stock market rallied on Friday. Within 24 hours his net worth increased to 5.45 billion dollars i.e. about Rs. 45,000 crore has increased. Shares of listed companies of the Adani group saw a sharp rise of up to 14 percent in the stock market on Friday. In early 2023, Adani’s shares crashed due to the report of American short seller Hindenburg. The valuation of some companies of Gautam Adani was reduced by half. However, after this setback, Adani has recovered. According to the Bloomberg Billionaires Index, who is in the top-10?

• France’s Bernard Arnault has a fortune of $207 billion.
• Elon Musk is in second place with $203 billion
• Jeff Bezos is in third place with $199 billion.
• Meta CEO Mark Zuckerberg ($166 billion) is in fourth place
• Larry Page ($153 billion) is at number five
• Bill Gates ($152 billion) is on the sixth position
• Sergey Brin ($145 billion) is in seventh place.
• Steve Ballmer ($144 billion) is at number eight.
• Warren Buffett is at number nine with ($137 billion).
• Larry Ellison ($132 billion) is at number ten.