Gautam Adani, Chairman of Adani Group, has now become the richest person in India. According to Bloomberg Billionaires Index, his total net worth has reached $97.6 billion.
Impact of strong rise in Adani shares
The second richest person in India is Reliance Industries Chairman Mukesh Ambani, whose total net worth is $97 billion. Who was at the position of the richest person in the country for many months.
On January 3, 2024, after the Supreme Court gave clean chit to Adani Group in the Hindenburg Research case, there was a strong rise in the shares of Adani Group. Due to which the total market cap crossed Rs 15.60 lakh crore.
Due to this rise, Gautam Adani’s net worth has increased by Rs 7.67 billion in the last two days. Due to which, along with becoming India’s richest person, Gautam Adani has also become the 12th richest person in the world, till a day before this he was at 14th position.
Global Rich League
The world’s richest people on the Bloomberg Billionaires Index
| Rank | Name | Country | Net Worth ($ Billion) |
|---|---|---|---|
| 1 | Elon Musk | US | 220.0 |
| 2 | Jeff Bezos | US | 169.0 |
| 3 | Bernard Arnault | France | 168.0 |
| 4 | Bill Gates | US | 138.0 |
| 5 | Steve Ballmer | US | 128.0 |
| 6 | Mark Zuckerberg | US | 126.0 |
| 7 | Larry Page | US | 124.0 |
| 8 | Warren Buffett | US | 122.0 |
| 9 | Larry Ellison | US | 120.0 |
| 10 | Sergey Brin | US | 117.0 |
| 11 | Carlos Slim | Mexico | 102.0 |
| 12 | Gautam Adani | India | 97.6 |
| 13 | Mukesh Ambani | India | 97.0 |
There are two more people from India who are included in the list of 50 richest people in the world. Shapoor Mistry is at number 38 with a net worth of $34.6 billion. Shiv Nadar is at 45th position with assets of $33 billion.
Court expressed confidence in SEBI’s investigation
In January, following the Hindenburg Research report and Adani Group’s reply, four PILs were filed in the Supreme Court. In these PILs, an appeal was made to order various types of investigations against Adani Group.
While giving the verdict, the Supreme Court said that this court has the power to transfer the investigation to CBI or someone else, but such powers can be used only in moderation. CJI DY Chandrachud said that there is no basis to transfer the investigation from SEBI to SIT.
