Gautam Adani of the Adani Group reigns supreme as Asia's wealthiest

Gautam Adani reclaimed the title of Asia's richest person per the Bloomberg Billionaires Index, surpassing Mukesh Ambani after recent upheavals.

[{"selector":"#anim-51f22dda-2fa6-4e96-b16e-847b3a8864fe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7d583dc1-34aa-4fa6-8385-16e2a593ae23","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-455f9af8-170c-4969-a738-aaff4165a962","keyframes":{"transform":["translate3d(0px, 189.78290%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] He regained the top spot in Asia's wealth hierarchy, replacing Mukesh Ambani, who briefly held the position post-allegations against Adani Group by Hindenburg Research.

[{"selector":"#anim-07436823-3cc4-480f-bd87-147eba9a65cd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-33.05288451255018%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c80dcad4-99c9-4c58-86ce-44ca8b1a1d9a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-77f676bf-113a-41dd-92be-33d952e8947a","keyframes":{"transform":["translate3d(0px, 165.11112%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Hindenburg's accusations led to a market plunge, slashing billions in Adani Group's market value, but the Indian Supreme Court deemed further inquiries unnecessary beyond SEBI's ongoing investigation.

[{"selector":"#anim-8626c595-9f96-410b-ab5c-c340ed26f9a0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4c23792b-8a7e-4f22-9652-09b82ddfabe0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61666df1-fd28-41c8-9b29-2d625411c3c2","keyframes":{"transform":["translate3d(0px, 226.17958%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Adani Group, with 10 publicly listed firms, witnessed a gradual stock recovery, notably with Adani Port marking a 2.8% increase in Friday's trading session.

[{"selector":"#anim-24b2a8af-a083-4309-ac6f-108e138f87d3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3e4a3bf6-6b2c-428a-8ac3-a971e97d4c09","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea87a4d6-0547-4cc3-b6dc-c5c75ca43200","keyframes":{"transform":["translate3d(0px, 226.17958%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Adani's net worth hit $97.6 billion, ranking him 12th globally, while Ambani stood at $97 billion, securing the 13th position in the Bloomberg Billionaires Index.

[{"selector":"#anim-a11e65de-f6b8-4656-9de6-a56e36c5dcfa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3e7e9201-d7e3-4502-a482-1f60b1da9ac0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7fa54d18-f147-40f2-b67b-00d32c3292a1","keyframes":{"transform":["translate3d(0px, 272.91092%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Adani's wealth soared by $13.3 billion in the year, while Ambani's saw a comparatively smaller climb of $665 million year-to-date.

[{"selector":"#anim-72a62ca7-db8b-46c3-9ee4-176c0db39c86 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-23.55371073227382%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-15bcb6f4-326f-4814-ad30-f0e5da5ad4ff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e8ba6659-344c-49cd-a52c-ab047edd7bdb","keyframes":{"transform":["translate3d(0px, 272.91092%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Despite recent controversies, Adani's fortunes surged, positioning him atop Asia's richest individuals once again.

[{"selector":"#anim-debe1612-74da-45cb-a854-a8a1ee1768be [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d7f15cf0-4f45-425d-ae1e-0e7422bec2f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-19b77af2-93fc-465c-8c67-74dd3fd1cf27","keyframes":{"transform":["translate3d(0px, 249.46725%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The ongoing fluctuations and recovery in market standings signify the dynamic nature of wealth and power among industry giants like Adani and Ambani. Read more