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Shares of his flagship Adani Enterprises Ltd. rose for an eighth day following an earnings report last week that showed a 130% surge in profit. He’s now the 12th-richest person in the world, just one spot behind, Mukesh Ambani.
India Business News: Gautam Adani reclaims the title of Asia's wealthiest person, surpassing Mukesh Ambani, after India's Supreme Court concludes no new probes are needed
Savitri Jindal, the former Chairperson of OP Jindal Group, is the third richest person with a total net worth of $24.7 billion. She sources her wealth from group companies like Jindal Steel, Jindal Steel and Power, and Jindal Energy. She added $8.93 billion to her wealth recently.
Despite Hindenburg Research's accusations of corporate fraud against billionaire Gautam Adani, his Adani Group, a diverse conglomerate, has rebounded impressively. Adani Group's market performance, marked by a remarkable one-day gain of Rs 1,92,645 crore on December 5, signifies a resurgence in market confidence, hitting an 11-month high of Rs 13.88 lakh crore market capitalisation. This surge suggests a turning point for Adani, signaling regained trust among investors.
Adani is the second-richest Indian in the list and behind Mukesh Ambani, who has an estimated total net worth of $90.4 billion and is at the 13th spot. His net worth has grown by over $3.33 billion in 2023. The Adani group stocks have been on a roll following the Bharatiya Janata Party's (BJP) election victory in key state elections of Madhya Pradesh, Rajasthan, and Chhattisgarh.