Gautam Adani Near Asia’s Richest, Gains $13B
Gautam Adani, chairman of the Adani Group, has added nearly $13 billion to his fortune in recent weeks, driven by a rally in group company shares. This sharp increase has strengthened his position as one of the wealthiest individuals in Asia and globally.
Race With Ambani
Despite the gains, Adani still trails Reliance Industries chairman Mukesh Ambani, who remains the richest person in Asia. According to Bloomberg Billionaires Index, Adani’s net worth has risen to about US$64 billion, placing him just behind Ambani in the regional rankings. Globally, Adani is now among the top 30 billionaires.
Market Momentum
The surge in Adani Group stocks comes after a period of volatility in 2023 and 2024, when the conglomerate faced regulatory scrutiny and market pressure. Investor confidence has gradually returned, supported by the group’s ongoing expansion in renewable energy, infrastructure, and logistics.
Risks Ahead
Analysts caution that fluctuations in stock performance and legal challenges could impact Adani’s standing in wealth rankings. However, his rapid rebound underscores the resilience of his business empire and its central role in India’s economic landscape.
