- November 30, 2023
With $67 billion, Gautam Adani back among top 20 billionaires – Times of India
MUMBAI: Gautam Adani is back among the top 20 richest people in the world, thanks to Tuesday’s strong rally in the group’s stocks that added about Rs 1.1 lakh crore to its market capitlisation as well as his wealth. With a net worth of $66.7 billion, Adani is 19th on the list of world’s richest, Bloomberg Billionaire index showed.
The list is topped by Elon Musk, who runs electric vehicle giant Tesla and social media major X (formerly Twitter) with a net worth of $228 billion.He’s followed by Jeff Bezos, founder of e-commerce giant Amazon, with a net worth of $171 billion and Bernard Arnault, the head of luxury-goods maker LVMH with $167 billion.
Among the Indian billionaires, Mukesh Ambani, the chairman of energy-to-telecoms major Reliance Industries, is at the 13th place with a net worth of $89.5 billion.
From being the world’s second richest person with a net worth in the upwards of $150 billion in September 2022 to below the top 25 in the list with a net worth of less than $50 billion by March 2023 and then slowly clawing back to within the top 20, it’s been quite a ride for the Ahmedabad-based billionaire.
After continuing to be among the top five richest in the world during the second half of 2022 and till January 24, 2023, the net worth of Gautam Adani took a severe beating after a US-based short seller, Hindenburg Research, released a damaging report on the group. The report alleged several corporate malfeasance including stock price manipulation, round tripping and cooking of books of accounts of group companies. The group had trashed the report and denied any wrongdoing in their business practices.
The list is topped by Elon Musk, who runs electric vehicle giant Tesla and social media major X (formerly Twitter) with a net worth of $228 billion.He’s followed by Jeff Bezos, founder of e-commerce giant Amazon, with a net worth of $171 billion and Bernard Arnault, the head of luxury-goods maker LVMH with $167 billion.
Among the Indian billionaires, Mukesh Ambani, the chairman of energy-to-telecoms major Reliance Industries, is at the 13th place with a net worth of $89.5 billion.
From being the world’s second richest person with a net worth in the upwards of $150 billion in September 2022 to below the top 25 in the list with a net worth of less than $50 billion by March 2023 and then slowly clawing back to within the top 20, it’s been quite a ride for the Ahmedabad-based billionaire.
After continuing to be among the top five richest in the world during the second half of 2022 and till January 24, 2023, the net worth of Gautam Adani took a severe beating after a US-based short seller, Hindenburg Research, released a damaging report on the group. The report alleged several corporate malfeasance including stock price manipulation, round tripping and cooking of books of accounts of group companies. The group had trashed the report and denied any wrongdoing in their business practices.
