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.