Gautam Adani Reclaims Title of Asia's Richest Man

Tags: Person in news

Gautam Adani, chairman of the Adani Group, has reclaimed the title of Asia's richest person.

An Overview of the News

• Adani's net worth: $111 billion (Bloomberg Billionaires Index).

• Adani Group shares rallied up to 14% on 31 May, boosting Adani's net worth.

• Adani overtakes Reliance Industries' Mukesh Ambani.

• Ambani's net worth: $109 billion, ranking 12th globally.

• Ambani had previously overtaken Adani after a share crash due to the Hindenburg report.

2024 Wealth Growth

• Adani's net worth increase in 2024: $26.8 billion.

• Ambani's net worth increase in 2024: $12.7 billion.

Challenges in 2023

• Adani Group faced challenges due to the Supreme Court-ordered probe following the Hindenburg report.

• Adani's ranking dropped rapidly after the report, from the third richest globally.

Global Rankings

• Bernard Arnault: Richest in the world, $207 billion.

• Elon Musk: Second, $203 billion.

• Jeff Bezos: Third, $199 billion.