Forbes Billionaires List: Gautam Adani becomes Asia’s new ‘Business King’, surpasses Mukesh Ambani to top Forbes list

New Delhi: The biggest news of this time is coming out from the Indian industry. Adani Group chief Gautam Adani has once again become Asia’s richest businessman. According to the latest data of ‘Forbes Real-Time Billionaires List’, Gautam Adani’s net worth has increased to $ 89.2 billion, with which he has captured the top position.

In this race, Reliance Industries Chairman Mukesh Ambani has now slipped to second place with assets worth $88 billion. At the same time, due to recent market fluctuations, SoftBank’s Masayoshi Son has come to third place with a net worth of $87 billion. It is noteworthy that before the fall in the shares of the Japanese investment firm, Son was the richest person in Asia.

6 companies of Adani empire dominate the market

The main reason for this surge in Gautam Adani’s wealth is the strong rise in the shares of his listed companies. As of Friday, the total market valuation (market cap) of the six major companies of the group was recorded at about $ 191 billion. The performance of the companies was as follows:

• Adani Power: It was the most valuable company of the group with $47.2 billion.
• Adani Ports: Ranked second with a valuation of $44.2 billion.
• Adani Enterprises: A market value of $44 billion was recorded.
• Adani Green Energy: The total valuation of the company was $26.4 billion.
• Adani Energy Solutions: Market cap reached $19.9 billion.
• Adani Total Gas: Contributed with a market capitalization of $8.8 billion.

End of controversies and a bumper jump of 10 billion dollars in net worth.

Forbes report shows that within the last one month, Gautam Adani’s wealth has increased by a huge amount of about 10 billion dollars. In fact, the US Department of Justice (DOJ) has completely rejected the allegations of alleged fraud of $ 250 million related to the solar energy supply agreement, after which the confidence of investors in the group has been further strengthened. Adani Group had called these allegations baseless from the beginning.

Recall that in the year 2023, there was a huge fall in the shares of Adani Group after a report by American short-seller Hindenburg Research. However, Indian regulators, after investigation, rejected these claims as ‘unconfirmed’. Now after getting clean chit from America also, Gautam Adani has made a comeback with a bang.

Preparing for the future: Focus on AI and infrastructure

Recently, in his annual letter to shareholders, Gautam Adani made it clear that the group has left behind all the legal and regulatory challenges. Now the company’s entire focus is on increasing investment in energy, transport, logistics and digital infrastructure, so that it can take full advantage of the Artificial Intelligence (AI) revolution in the coming times.

Along with this, the resounding success of Adani Enterprises’ recent rights issue of Rs 24,930 crore has proved that even after difficult times, global and domestic investors have unwavering faith in Adani Group.