Gautam Adani Climbs to Top 20 on Billionaires List with a Net Worth of $64.2 Billion

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Indian business tycoon Gautam Adani, chairman of the Adani Group, has achieved a significant milestone by reentering the top 20 on the world billionaires’ list. With a net worth of $64.2 billion, Adani currently holds the 18th position on the Bloomberg Billionaires’ Index. This surge in his wealth is primarily attributed to the rise in Adani Group stocks, driven by increased investor confidence and positive market sentiments.

Adani’s Wealth Surge and Investor Support:
Adani’s net worth experienced a notable boost of $4.38 billion as Adani Group stocks recorded substantial gains. In a positive development for the group, GQG Partners, a prominent investor, raised its stake in Adani Enterprises, Adani Ports, Adani Green Energy, and Adani Transmission by approximately 10 percent. This move by GQG Partners, which invested around Rs 15,446.35 crore in March, has yielded favorable returns, with the value of their investment rising to Rs 25,515.50 crore in Tuesday’s intraday trade—a significant 65 percent increase. Rajiv Jain, the owner of GQG Partners, expressed his confidence in Adani Group stocks, describing them as “the best infrastructure assets available in India” in an interview with Bloomberg.

Market Capitalization Growth and Hindenburg Report:
Recently, Adani Group’s market capitalization surpassed the Rs 10 lakh crore mark, following the release of the Justice AM Sapre committee report, which indicated no regulatory failure regarding Hindenburg Research’s price manipulation allegations. In Monday’s trade, Adani Group’s market capitalization rose from Rs 68,400 crore to Rs 10,03,861 crore, compared to Rs 9,34,485 crore at Friday’s closing. However, this figure is still 48 percent lower than the Group’s market capitalization of Rs 19.20 lakh crore on January 24, when the Hindenburg report was published. The report had accused Adani Group of stock manipulation and accounting fraud, leading the group to withdraw its follow-on public offer (FPO) worth Rs 20,000 crore and undertake measures to address debt-related concerns.

Gautam Adani and Mukesh Ambani:
Despite Gautam Adani’s remarkable ascent in wealth, he remains behind Mukesh Ambani, the chairman of Reliance Industries (RIL), on the billionaires’ list. Mukesh Ambani, known as the richest Asian, occupies the 13th position on the Bloomberg Billionaires’ Index, with a net worth of $84.1 billion. Both Adani and Ambani play crucial roles in shaping India’s business landscape and are emblematic of the country’s economic prowess.


Gautam Adani’s return to the top 20 on the billionaires’ list, propelled by the rise in Adani Group stocks and increased investor support, underscores his growing influence in India’s corporate sector. However, the billionaire still trails behind Mukesh Ambani, who remains the richest Asian. As Adani Group continues to navigate challenges and capitalize on opportunities, its performance will be closely watched, impacting not only the conglomerate but also the broader Indian economy.