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Adani Overtakes Ambani as India’s Wealthiest Person on Bloomberg Billionaires Index

Gautam Adani, the Chairperson of the Adani Group, has surpassed Mukesh Ambani on the Bloomberg Billionaires Index (BBI), becoming India’s and Asia’s wealthiest individual

Adani’s net worth of $97.6 billion places him 12th globally, while Ambani closely follows at the 13th position. Both have significantly ascended on the list compared to their standings last year. Adani’s wealth saw a substantial gain of $13.3 billion year-to-date, with his primary sources of wealth coming from ownership in various publicly traded companies affiliated with the Adani Group.

Allegations and Wealth Fluctuations

Earlier last year, Adani faced a decline in net worth following allegations from Hindenburg Research, leading to a substantial decrease of almost 60%, refuted by the Adani Group. Ambani, now India and Asia’s second richest individual, holds the 13th spot with a wealth of $97 billion. Other Indian figures in the BBI Top 50 include Shapoor Mistry at the 38th spot with $34.6 billion and Shiv Nadar at the 45th spot with $33 billion.

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