NEW DELHI: In less than a year since his port to power conglomerate lost more than $150 billion in market capitalisation following the Hindenburg Research stinging report, Gautam Adani, Chairperson of the Adani Group, has overtaken Reliance Industries’ Mukesh Ambani on the Bloomberg Billionaire’s Index (BBI), to become India’s and Asia’s wealthiest man.
With a net worth of $97.6 billion, the Adani Group founder is now the world’s 12th richest person. RIL’s Ambani is now at 13th spot in the global rich list with a wealth of $97 billion. In January 2023, Hindenburg Research, a US-based short seller, accused the Adani Group of prolonged stock manipulation and accounting irregularities.
