Gautam Adani surpasses Mukesh Ambani as India’s wealthiest individual, both climb positions on the global wealth ranking.
New Delhi: Gautam Adani, the chairman of the Adani group, has reclaimed the title of Asia’s wealthiest individual, according to the latest update from the Bloomberg Billionaire’s Index. With a staggering net worth of $97.6 billion, Adani has surged to become the 12th richest person globally, surpassing his previous rank of 15th in December 2023.
This remarkable feat follows a notable increase in the value of Adani Group’s shares, which soared during an impressive rally, augmenting Gautam Adani’s net worth by a remarkable $7.67 billion in a single day. In terms of year-to-date performance, Adani’s wealth has already surged by a remarkable $13.3 billion, making him the leader among the top 100 billionaires in the world. It is worth noting that Adani faced a significant setback last year when the group’s combined market capitalization plummeted by a staggering $150 billion, causing his net worth to dip below $40 billion and leading to his temporary loss of the title of Asia’s richest person. However, since then, the Adani group has experienced a remarkable recovery and resurgence. RIL’s Ambani is now India and Asia’s second richest man at the 13th spot with a wealth of $97 billion. He has gained $764 million since the last change and added $665 million to his wealth YTD.
As per the Bloomberg Billionaire’s Index, the coveted spot of the world’s richest person remains firmly in the grasp of Elon Musk, boasting a massive net worth of $220 billion. Following Musk, the ranking is dominated by Jeff Bezos with $169 billion, Bernard Arnault with $168 billion, Bill Gates with $138 billion, and Steve Ballmer with $128 billion.
In this context, the accomplished rise of Gautam Adani as Asia’s wealthiest individual once again stands as a testament to his entrepreneurial prowess and the remarkable rebound of the Adani group. With his net worth surging to new heights, Adani has solidified his position among the global elite, holding a noteworthy position on the world’s richest list.
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