Gautam Adani Reclaims Title as Asia's Richest Person
Adani's Net Worth Soars to $97.6 Billion Following Supreme Court Ruling on Fraud Allegations
- Gautam Adani, founder of the Adani Group, has reclaimed his position as Asia's richest person with a net worth of $97.6 billion, surpassing Mukesh Ambani.
- Adani's wealth increased by $7.7 billion in a single day, marking the world's largest wealth gain this year.
- The Supreme Court of India recently ruled that no new investigations were needed into allegations of corporate fraud against the Adani Group by Hindenburg Research, effectively ending the year-long saga.
- Adani Group's stocks rallied following the court's decision, contributing to Adani's wealth gain.
- Adani is diversifying his conglomerate beyond its coal trading origins into sectors such as data centers, artificial intelligence, urban development, airports, and media.