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Gautam Adani Emerges as India and Asia's Richest Man, Climbs to 12th Spot on Bloomberg Billionaire's Index.

Mumbai, January 5, 2024 — In a remarkable turn of fortunes, Gautam Adani, the Chairman of the Adani Group, has claimed the title of India and Asia's richest man, securing the 12th spot on the prestigious Bloomberg Billionaire's Index (BBI). With a staggering net worth of $97.6 billion, Adani's ascent to the summit makes him not only the wealthiest Indian but also the richest individual in the Asian region on the BBI.

Adani's remarkable financial trajectory has seen a notable surge, with a $7.67 billion increase since his last position, further solidifying his position among the global elite. Impressively, his wealth accumulation for the year-to-date stands at an astounding $13.3 billion.

The primary source of Adani's wealth stems from his ownership stakes in six publicly traded companies affiliated with the Adani Group. Adani Enterprises, the flagship entity within the conglomerate, reported impressive revenues of $17 billion for the fiscal year ending March 31, 2023, underscoring the robust financial performance of the group.

This monumental achievement places Adani in the echelons of the world's most affluent individuals, with his net worth surpassing the likes of global titans. The Adani Group's diversified portfolio, spanning sectors such as energy, infrastructure, logistics, and more, has been instrumental in this extraordinary financial ascent.

Notably, Mukesh Ambani, the Chairman of Reliance Industries, secured the 13th spot on the BBI, making him India and Asia's second richest man with a substantial wealth of $97 billion. The presence of both Adani and Ambani in the Top 50 reflects the formidable economic prowess of India's business magnates on the global stage.

As the Adani Group continues to chart new territories and diversify its investments, Gautam Adani's remarkable climb to the summit of the Bloomberg Billionaire's Index stands as a testament to the dynamic landscape of India's economic leaders and their impact on the world stage.