World's Richest

Gautam Adani Emerges as India’s Wealthiest Individual, Surpasses Mukesh Ambani in Wake of Hindenburg Verdict

Gautam Adani surpasses Mukesh Ambani

Gautam adani, chairman of the Adani Group, has once again become India’s richest man, beating /surpasses Mukesh Ambani. Adani has been inching closer to Ambani for some time now thanks to the bull market in his stocks.

With most of those troubles behind him, Adani’s wealth has crossed that of Reliance’s chief, whose wealth is directly linked to the value of his nine listed entities.

After the Indian Supreme Court ruled in favour of Adani, the company received a boost shortly after. According to the apex court, the case does not warrant the transfer of the investigation to the Special Investigation Team (SIT) or any other agency under the facts of the case.

A $7.67 billion investment by Gautam Adani

As gautam Adani surpasses Mukesh Ambani as India’s richest man, Gautam Adani added $7.67 billion in wealth. According to the Bloomberg Billionaires Index, Adani’s net worth is now $97.6 billion. In the same period, Ambani’s net worth rose by $764 million to reach $97 billion. Adani is now $600 million ahead of Ambani.

A year ago, US-based short seller Hindenburg Researcher released a report alleging stock manipulation and accounting fraud in the Adani Group companies.

As the Bloomberg Billionaires Index shows, Adani’s wealth plummeted from $119 billion on January 24, 2023 to $57.2 billion in March 2023. Since then, his wealth has increased by over $40 billion to reach $97.6 billion.

When it comes to the richest men in the world, Gautam Adani is now ranked 12th, and Mukesh Ambani is ranked 13th.

The position 19 will become position 12 within month-gautam Adani surpasses makesh Ambani

With an increase of $6.5 billion to his net worth, Adani became the 19th richest man on the planet during November end, making him one of the world’s top 20 billionaires. Adani’s net worth increased from $66.7 billion to $97.6 billion in just one month, placing him 12th in the world.

RankNameNet worthLast change
1Elon Musk$220 billion-$372 million
2Jeff Bezos$169 billion-$3.98 billion
3Bernard Arnault$168 billion$782 million
4Bill Gates$138 billion-$899 million
5Steve Balmer$128 billion-$864 million
6Mark Zuckerberg$126 billion$877 million
7Larry Page$124 billion-$2.04 billion
8Warren Buffet$122 billion-$982 million
9Larry Ellison$120 billion-$139 million
10Sergey Brin$117 billion-$1.93 billion
11Carlos Slim$102 billion-$506 million
12Gautam Adani$97.6 billion$7.67 billion
13Mukesh Ambani$97 billion$764 million
14Francoise Bettencourt Meyers$96.1 billion-$100 million
15Amancio Ortega$83.9 billion$350 million
16Michael Dell$76.3 billion-$676 million
17Jim Walton$72.4 billion-$683 million
18Rob Walton$71 billion-$675 million
19Alice Walton$69.9 billion-$660 million
20Julia Flesher Koch & family$66.6 billion-$252 million
Source: Bloomberg Billionaires Index

In the top ten richest people in the world, Adani has the highest net worth increase.

Also Read:

Editorial Director
I'm Shruti Mishra, Editorial Director @Newsblare Media, growing up in the bustling city of New Delhi, I was always fascinated by the power of words. This love for words and storytelling led me to pursue a career in journalism. In this position, I oversee the editorial team and plan out content strategies for our digital news platform. I am constantly seeking new ways to engage readers with thought-provoking and impactful stories.

Leave a Reply

Your email address will not be published. Required fields are marked *