The Bloomberg Billionaires Index provides a daily listing of the wealthiest 500 individuals globally, ranking them according to their net worth.
Gautam Adani, Chairman of the Adani Group, surpassed Mukesh Ambani of Reliance Industries on the BBI, emerging as the wealthiest individual in India and Asia.
Adani's wealth has ascended to rank within the top 12 on the global standings, having previously reached the 15th position in December 2023.
Adani's wealth increased by $7.67 billion from the previous listing, contributing to a year-to-date accumulation of $13.3 billion.
Following the Hindenburg allegations, the stock prices of Adani Group companies witnessed a significant drop, causing Adani's fortune to decline dramatically resulting in a loss of approximately $69 billion.
The bulk of Gautam Adani's wealth arises from his ownership stake in six publicly listed companies linked to the Adani Group, the conglomerate he founded.
Adani is followed by Ambani of RIL at the 13th spot, possessing a wealth of $97 billion. Shapoor Mistry stands at 38th with $34.6 billion, while Shiv Nadar is placed 45th, having a net worth of $33 billion.