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.
| Rank | Name | Net worth | Last change |
| 1 | Elon Musk | $220 billion | -$372 million |
| 2 | Jeff Bezos | $169 billion | -$3.98 billion |
| 3 | Bernard Arnault | $168 billion | $782 million |
| 4 | Bill Gates | $138 billion | -$899 million |
| 5 | Steve Balmer | $128 billion | -$864 million |
| 6 | Mark Zuckerberg | $126 billion | $877 million |
| 7 | Larry Page | $124 billion | -$2.04 billion |
| 8 | Warren Buffet | $122 billion | -$982 million |
| 9 | Larry Ellison | $120 billion | -$139 million |
| 10 | Sergey Brin | $117 billion | -$1.93 billion |
| 11 | Carlos Slim | $102 billion | -$506 million |
| 12 | Gautam Adani | $97.6 billion | $7.67 billion |
| 13 | Mukesh Ambani | $97 billion | $764 million |
| 14 | Francoise Bettencourt Meyers | $96.1 billion | -$100 million |
| 15 | Amancio Ortega | $83.9 billion | $350 million |
| 16 | Michael Dell | $76.3 billion | -$676 million |
| 17 | Jim Walton | $72.4 billion | -$683 million |
| 18 | Rob Walton | $71 billion | -$675 million |
| 19 | Alice Walton | $69.9 billion | -$660 million |
| 20 | Julia Flesher Koch & family | $66.6 billion | -$252 million |
In the top ten richest people in the world, Adani has the highest net worth increase.
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