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Gautam Adani Regains Title as Asia’s Richest, Surpassing Challenges in a Resurgent 2024

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Gautam Adani has reclaimed his title as Asia’s wealthiest individual, with a net worth of $97.6 billion, making him the 12th richest globally, according to the Bloomberg Billionaires Index. The founder of the Adani Group experienced a remarkable increase of over $13 billion in the last two days, surpassing Mukesh Ambani.

Adani faced challenges in the past year, including accusations of stock manipulation and fraud, resulting in a significant drop in his wealth. Despite a recovery, it remained below the 2022 peak. Recent positive developments, including a court order to expedite regulatory investigations, have boosted Adani’s stocks, leading to a 7% rise in Adani Enterprises this week.

Adani, a key figure allied with Prime Minister Narendra Modi, has a diverse business empire spanning ports, power, media, and clean energy. His journey from diamond trading to building an expansive conglomerate draws parallels to historic business magnates like Rockefeller and Vanderbilt.

Read: Dr. Tayo Aduloju Appointed as CEO of Nigerian Economic Summit Group

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