Gautam Adani, the main person of a company called Adani Group, and its leader got more money than Mukesh Ambani. With this growth in wealth, he became the richest Indian there is, according to Bloomberg’s list showing which people have billions or billionaire status. Now Adani ranks 12th, while Ambani is at number 13. Adani’s worth is said to be $97.6 billion, a little more than Ambani’s $97.0 billion. Both rich people have moved up in their positions.
Gautam Adani, head of the company Adani Group, has grown richer than Mukesh Ambani. This makes him the number one richest Indian according to a list made by the Bloomberg Billionaires Index. Adani now has the 12th rank, going beyond Ambani, who is in the 13th position.
Adani’s total worth now is $97.6 billion, while Ambani has a net value of $97.0 billion. The billionaires have both climbed the list. December of last year saw Adani rise to the 16th richest man worldwide on the Bloomberg list. His rank moved up by three spots due to a strong gain of 30% over two sessions, leading his wealth increase by more than $4.41 billion.
It wouldn’t be wrong to say that 2023 shook Gautam Adani and his big company. After the year changed, Adani’s company has been blamed for doing wrong things in business. Some people said that those who were in charge liked him more than others. Supreme Court got involved, and his investors lost money, too.
On Wednesday, the Supreme Court declined to order a special investigation team or Central Bureau of Investigation inquiry into Adani Group based on US short-seller Hindenburg Research’s claims about fraud and mismanagement. This was good news for their business operations.
It said the Securities and Exchange Board of India (SEBI) was doing a “big check-up” that makes people believe. It asked the person in charge to finish checking everything within three months. So far, Sebi has finished its Supreme Court-ordered investigation into 22 of the 24 things it needs to look at.
The top court also told the government and Securities Board to think about ideas from a six-person team led by former high court judge Sapre. They need to take more steps to improve rules, protect investors, and make sure everything in the stock market works well.
The head of the Adani Group, Gautam Adani, was happy with what the court decided. “The truth has won… Truth always prevails,” he wrote on social media platform X. “I am thankful to those who supported us… Our simple efforts for India’s progress will keep going on.”
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