Billionaire industrialist Gautam Adani has regained the title of Asia’s richest person after a sharp increase in his net worth, driven by gains across listed Adani Group companies, ANI reported citing to Forbes report.Forbes reported that “Gautam Adani’s fortune increased by roughly $2.5 billion on Friday as shares rallied across his Adani Group subsidiaries,” helping him overtake Reliance Industries Chairman Mukesh Ambani to reclaim the top position in Asia.According to Forbes’ Real-Time Billionaires List, Adani’s net worth rose to $89.2 billion, ahead of Ambani’s $88 billion and SoftBank founder Masayoshi Son’s $87 billion.“Adani’s net worth swelled to $89.2 billion, ranking him ahead of Ambani ($88 billion) and SoftBank’s Masayoshi Son ($87 billion),” Forbes said in its report.The increase in Adani’s wealth came amid gains in several Adani Group stocks. According to Forbes, the rally included shares of Adani Power, Adani Ports, Adani Enterprises, Adani Green Energy and Adani Energy Solutions.“A boost to Adani’s net worth followed a broader stock surge across companies under the umbrella of his Adani Group,” the report said, adding that Adani Green Energy gained 6.9% while Adani Energy Solutions rose 3.8%.Forbes further said Adani’s wealth has risen sharply over the past month.“His fortune has increased by nearly $10 billion since the Justice Department dismissed fraud charges against the Adani Group last month,” the publication reported. Adani and his co-executives had denied the allegations, Forbes noted, as quoted ANI.The report also highlighted the scale of the group’s listed businesses, stating that the combined market value of six major Adani Group companies stood at about $191 billion as of Friday.“About $191 billion. That’s the combined market value across six Adani Group companies as of Friday,” Forbes said.Adani’s return to the top spot marks a significant comeback after a prolonged period of volatility for the group.According to Forbes, the recovery in Adani Group stocks has helped restore Adani’s position among the world’s wealthiest individuals, placing him once again at the top of Asia’s rich list.
