Asia’s richest individual, Gautam Adani, has surpassed Ambani in net worth by earning $111 billion.

Gautam Adani, it’s hard to remember any top industrialist or businessman in the last year and a half who has seen as many ups and downs as Gautam Adani. Especially, you might recall the Hindenburg report from last year, which caused Adani Group’s shares to crash dramatically. They fell so low that no one thought the Adani Group could recover.

But surprisingly, within just a year, Adani Group’s shares bounced back to their highest levels. This is why Gautam Adani has once again surpassed Mukesh Ambani to become the richest person in Asia. You can see this news, Gautam Adani has once again become Asia’s richest person, surpassing Mukesh Ambani.

 Adani Tops Asia’s Rich List :

Let’s start by looking at what exactly happened. Gautam Adani has once again become the richest person, not just in India but in all of Asia. This is because the share prices of his companies have risen a lot. No one expected such a big increase in such a short time.

As of last Friday, Gautam Adani’s net worth was $111 billion. This was based on the market closing that day. Since then, his wealth has likely increased even more due to further rises in share prices.

In comparison, Mukesh Ambani’s net worth is around $109 billion. This makes Mukesh Ambani the 12th richest person in the world.Adani is currently the 11th richest person

Wealth Rankings Update :

If you look at the Top 10 list, Bernard Arnault is at the top with a worth of $207 billion. There is a lot of competition among Elon Musk, Jeff Bezos, and Bernard Arnault. Sometimes Elon Musk takes the lead, but his company Tesla saw a big drop, which lowered his net wealth.

Other notable names include Zuckerberg with $166 million and Bill Gates with $152 billion. Warren Buffet is also on the list. The main point here is that Gautam Adani’s group shares have increased significantly. There is no doubt that if this trend continues in 2024, Adani could surpass these top figures.If you look at this year, 2024, you can leave all this behind. I think you’ll soon see these in the top 5.

Adani’s $90 Billion Investment :

Recently, Gautam Adani announced plans for a huge investment. He said that in the next ten years, he will spend 90 billion dollars on capital expenditure. This is a big amount.

Because of this, a US brokerage firm named Zephyrus has a very positive view of Adani Group’s shares. This has created positive momentum in the stock market.

Adani Group has ten companies listed in the stock market. These include ACC, Adani Solutions, Adani Enterprises, Adani Energy, Adani Power, and Adani Total Gas. They also recently purchased ACC and NDTV.

All these ten listed firms have shown positive movement because of this news.

Adani Surpasses Ambani Again :

Last year, the stock was around 1000, but now it has crossed 3400. On Friday, Adani Group’s shares increased a lot. The total addition in their market value was 84,000 crore.

If you look at all 10 Adani Group shares’ market capitalization, it has reached about 17.5 lakh crore. Because of this, Gautam Adani has once again surpassed Mukesh Ambani.

Throughout his career, Gautam Adani has seen ups and downs, especially in 2022. He became the richest person in Asia, overtaking Mukesh Ambani. I remember a time when Mukesh Ambani’s worth was around 90 billion dollars, while Adani’s worth kept rising.Gautam Adani had over 100 billion dollars.

Adani’s Fall from Wealth :

In January 2023, something changed. A short seller named Hindenburg Research released a big report. This report caused a huge problem for the Adani Group’s business.

The impact was so big that Gautam Adani wasn’t even in the top 20 richest people anymore. At one point, in September 2022, he was the second richest person in the world, but only for a short time.

After the Hindenburg report, Adani’s ranking dropped significantly. Adani’s team denied all the allegations made by Hindenburg. Hindenburg claimed that Adani built his business empire through fraud and dishonest practices.

The Adani Group focused on their business to increase profits and find more funding. As a result, by March 31, they reached record earnings. This made Gautam Adani the richest person again.

Earlier this year in January, Adani surpassed Mukesh Ambani. However, soon after, Ambani became the richest again. But in 2024, if you look at the whole year, Gautam Adani’s net worth increased by $26 billion, while Mukesh Ambani’s wealth grew by only $12 billion.

This gap is why Gautam Adani is now ahead of Mukesh Ambani.

Adani’s Remarkable Rise :

Let me tell you about Gautam Adani’s journey so far. He is a college dropout. His career started in the diamond industry. Later, he joined his brother in a plastic factory. In 1988, he started his own company, focusing on import-export operations of different commodities.

In the past 10 years, his business empire has grown a lot. In 2014, his overall wealth was just 5 billion dollars. But by 2025, his empire grew to 121 billion dollars, making him the second richest person. The year 2003 was the most challenging for him.

Adani Investigation Concludes :

Hindenburg’s report came first. After this, the Supreme Court also took a big step and asked SEBI to investigate what was going on. SEBI released the report and submitted it to the Supreme Court. He said that no concrete findings have been found so far which would require action against Adani.

Therefore no further investigation is required. So, everything is now finally resolved. If Gautam Adani’s statement is also seen, he had said in his annual report last week that his company, Adani Group, is very optimistic and this is just the beginning. It will be even better in the coming days.