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Gautam Adani Reclaims Asia’s Richest Spot After Court Reprieve - Bloomberg

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Gautam Adani Reclaims Asia’s Richest Spot After Court Reprieve

Toppled Mukesh Ambani to regain his perch in wealth rankings
Top India court said no more probes needed in Hindenburg saga

Gautam Adani — Gautam Adani
Photographer: Edwin Koo/Bloomberg

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January 4, 2024 at 11:57 PM EST

After a roller-coaster ride on the wealth rankings last year, Gautam Adani is back to being Asia’s wealthiest person days after India’s top court said no new probes were needed into Hindenburg Research’s bombshell allegations against the tycoon’s conglomerate.

Adani’s net worth rose $7.7 billion in a day to $97.6 billion, reclaiming the top spot in the region from Indian compatriot Mukesh Ambani, according to Bloomberg Billionaires Index. Ambani, chairman of Reliance Industries Ltd., was trailing by a narrow margin with a net worth of $97 billion, the index shows.

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Gautam Adani Reclaims Asia’s Richest Spot After Court Reprieve

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