Gautam Adani Net Worth: Gautam Adani, the country’s veteran businessman and head of the Adani Group, has once again overtaken Mukesh Ambani to become Asia’s richest man. According to the latest Bloomberg Billionaires Index report, Adani Group Chairman Gautam Adani’s net worth is $111 billion. While Reliance Industries head Mukesh Ambani’s total wealth is 109 billion dollars. Let us tell you that Gautam Adani is at number 11 in the list of richest people in the world.
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The reason behind Gautam Adani’s net worth increase is the good performance of Adani Group companies. All Adani Group companies managed to make profit on Friday. The reason for the surge in the company’s shares is believed to be the release of a new report by the brokerage house Jefferies. Jefferies has claimed in its report that the Adani Group will spend $90 billion over the next 10 years. The group is working on plans to expand rapidly.
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2023 was full of troubles for the Adani Group
The year 2023 was full of troubles for the Adani Group. The impact of the allegations made in the Hindenburg Report was clearly visible on the shares of the group’s listed companies. Prior to this report, Adani Group had become the third richest person in the world. After that, his net worth was able to cross 150 billion dollars. But after the report surfaced, the share prices of several listed companies of the Adani Group fell by half. The effect of which was also seen on Gautam Adani’s net worth.
Who is the richest person in the world?
Bernard Arnault is on the Bloomberg Billionaires Index. Their total net worth is $207 billion. Elon Musk is second in this list. His net worth is $203 billion. Jeff Bezos is in third place with a net worth of $199 billion.