India: Adani Group chairman Gautam Adani on Friday overtook Reliance Industries Chairman Mukesh Ambani on the Bloomberg Billionaire’s Index (BBI), to become India’s and Asia’s richest man. This was driven by a surge in the ports-to-power conglomerate’s shares after the Supreme Court rejected demand for a new probe into Hindenburg allegations.
According to Bloomberg Billionaires Index, Gautam Adani has net worth of $97.6 billion as of 9:30 AM on Friday. On the other hand, Mukesh Ambani has $97 billion net worth at this time.
In global standard, Gautam Adani ranks 12, making him Asia’s richest man and Mukesh Ambani stands a spot lower at 13.
The Adani Group’s wealth surge is driven by Supreme Court reposing faith in SEBI’s probe in the Adani-Hindenburg saga, saying that no fresh investigation is needed into the short seller’s allegations.
Gautam Adani with a net worth of $97.6 billion has become the world’s 12th richest person and the richest Indian and Asian on the list. What is interesting to note that Gautam Adani gained $7.67 billion from the last position and gained $13.3 billion year-to-date (YTD). Earlier, Gautam Adani witnessed his net worth slide many spots amid the Hindenberg allegations.
