2024-01-05 20:14:00
Gautam Adhani Overtakes Mukesh Ambani as India’s Richest Man
In a surprising turn of events, Gautam Adhani has overtaken Mukesh Ambani as the richest man in India. According to reports from Bloomberg, Adhani is currently ranked 12th in the Bloomberg World’s Richest List, with a net worth of $97.6 billion.
Gautam Adani, a 61-year-old industrialist from Gujarat, has made a name for himself in industries such as ports, airports, coal, power generation, and real estate. However, his rise to the top has not been without its challenges. Last year, the US-based investment research firm Hindenburg published a report alleging financial irregularities within the Adani Group, as well as a high level of debt. This led to petitions seeking an inquiry into the matter, which led to the Supreme Court ruling that the Securities and Exchange Board of India (SEBI) would investigate the claims.
Despite the controversy, Adhani’s wealth has continued to grow, surpassing that of Mukesh Ambani, whose net worth is $97 billion. Adani’s rise to the top comes amidst a global list dominated by Americans, with Elon Musk holding the first-place position with a net worth of $220 billion.
The news of Adhani’s climb to the top will undoubtedly be met with both excitement and scrutiny, as the Indian business mogul continues to make his mark on the global business landscape.
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