Thanks to Tuesday’s significant increase in the group’s stock price, which raised its market capitalization by about Rs 1.1 lakh crore and placed Gautam Adani back among the world’s 20 wealthiest persons, his net worth has increased. According to the Bloomberg Billionaire ranking, Adani has a net worth of $66.7 billion, placing him 19th among the wealthiest people in the world. Following him is the creator of the massive online retailer Amazon, Jeff Bezos, with a net worth of $171 billion, and the CEO of luxury goods manufacturer LVMH, Bernard Arnault, with a net worth of $167 billion.
Thanks to Tuesday’s significant increase in the group’s stock price, which raised its market capitalization by about Rs 1.1 lakh crore and placed Gautam Adani back among the world’s 20 richest persons, his net worth has increased. According to the Bloomberg Billionaire ranking, Adani has a net worth of $66.7 billion, placing him 19th among the richest people in the world.
With a net worth of $228 billion, Elon Musk, the founder of social media behemoth X (previously Twitter) and electric automobile business Tesla, tops the list.
Following him is the creator of the massive online retailer Amazon, Jeff Bezos, with a net worth of $171 billion, and the CEO of luxury goods manufacturer LVMH, Bernard Arnault, with a net worth of $167 billion.
With a net worth of $89.5 billion, Mukesh Ambani, the chairman of Reliance Industries, a key player in the energy to telecoms sector, is ranked 13th among Indian billionaires.
It’s been quite a ride for the billionaire from Ahmedabad, who went from being the second richest person in the world in September 2022 with a net worth of over $150 billion to being outside the top 25 with a net worth of less than $50 billion by March 2023 before gradually making his way back into the top 20.
After remaining in the top five richest people in the world during the second half of 2022 and until January 24, 2023, Gautam Adani’s net worth suffered greatly due to a negative report on the company produced by US-based short seller Hindenburg Research.
Several corporate malfeasances, including round-tripping, manipulating stock prices, and cooking group company accounting books, were reported in the report. The group disregarded the study and insisted that there was no misconduct in their commercial dealings.
