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[BUSINESS] · India, United States · 3 sources

Gautam Adani Reclaims Title as Asia's Richest with $89.2 Billion Net Worth

Industrialist Gautam Adani's net worth rose to $89.2 billion, putting him ahead of Reliance Industries chairman Mukesh Ambani ($88 billion) and SoftBank CEO Masayoshi Son ($87 billion). The Forbes real‑time billionaire list ranks him 23rd globally.

The surge follows a broad rally in Adani Group stocks – Adani Power (+1.1%), Adani Ports (+1.9%), Adani Enterprises (+2.3%), Adani Green Energy (+6.9%) and Adani Energy Solutions (+3.8%) – giving the six listed companies a combined market value of about $191 billion. Adani’s wealth increased by roughly $10 billion after the U.S. Justice Department dropped fraud charges linked to an alleged $250 million solar‑energy bribery scheme. Earlier accusations by short‑seller Hindenburg Research of stock manipulation were rejected by Indian regulators.

Sources

about 2 months ago
about 2 months ago