Adani Overtakes Ambani: India's New Richest Man on the Rise

 Gautam Adani, the Chairman of the Adani Group of Companies, has once again become India's richest man.

In the Bloomberg Billionaires Index, Gautam Adani, the Chairman of the Adani Group of Companies, has once again become India's richest man, surpassing Mukesh Ambani, the Chairman of Reliance Industries. With a surge in stock prices, Gautam Adani has reached the top 12 in the global rankings, while Ambani has slipped to the 13th position.

Gautam Adani's net worth this year is 13 billion dollars, approximately 15 crore rupees. It has increased by 10.8 billion, reaching around 976 billion dollars, or about 8.12 lakh crore rupees. Meanwhile, Mukesh Ambani's total wealth has increased by 6.65 billion, reaching 97 billion dollars, or about 8.07 lakh crore rupees.

Net Worth Rises Due to Supreme Court's Decision

Due to the Supreme Court's decision in the Adani-Hindenburg case, there has been an increase in all 10 shares of the group, leading to an overall rise in Adani's total wealth. Last year, on January 24, American short-seller company Hindenburg accused Gautam Adani of stock manipulation and money laundering, leading to a significant drop in the company's shares.

Elon Musk is the World's Richest Businessman

Elon Musk, the CEO of the world's richest electric vehicle company Tesla, is the world's richest businessman with a wealth of 1.831 trillion rupees. After him, Amazon's founder Jeff Bezos is in the second position with 1.406 trillion rupees. Bernard Arnault of LVMH is in the third position with a net worth of 1.398 trillion rupees.

6-Member Committee and SEBI Investigating

The Supreme Court formed a 6-member committee to investigate the matter. Additionally, the market regulator SEBI was also instructed to conduct an inquiry. The Supreme Court, in its decision on January 3, stated four significant points, which, in a way, clean Adani's slate.