Gautam Adani reclaims Asia's richest person title | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
May 18, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, MAY 18, 2025
Gautam Adani reclaims Asia's richest person title

World+Biz

TBS Report
01 June, 2024, 09:35 pm
Last modified: 01 June, 2024, 09:40 pm

Related News

  • Adani fully restores power supply to Bangladesh as payments resume
  • PDB says it owes $141m less than what Adani claims
  • Musk, Ambani join hands in surprise Starlink India internet deal
  • Adani deal: Govt body for renegotiating tax rebate, surcharge, coal price
  • India's top court asks Adani to reply to allegations over Dharavi slum project

Gautam Adani reclaims Asia's richest person title

The significant rise in Adani Group stocks has been a key factor in Adani's overtaking of Ambani, wrote NDTV.

TBS Report
01 June, 2024, 09:35 pm
Last modified: 01 June, 2024, 09:40 pm
Indian billionaire Gautam Adani addresses delegates during the Bengal Global Business Summit in Kolkata, India April 20, 2022. REUTERS/Rupak De Chowdhuri/File photo
Indian billionaire Gautam Adani addresses delegates during the Bengal Global Business Summit in Kolkata, India April 20, 2022. REUTERS/Rupak De Chowdhuri/File photo

Indian billionaire Gautam Adani has reclaimed the title of Asia's richest person, surpassing Reliance Industries chairman Mukesh Ambani by $2 billion, according to the Bloomberg Billionaires Index.

As of 6om today (1 June), Adani, the chairman of Adani Group, holds the 11th spot on the index with a net worth of $111 billion, compared to Ambani's $109 billion, reports NDTV citing Bloomberg data.

The significant rise in Adani Group stocks has been a key factor in Adani's overtaking of Ambani, wrote NDTV.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

On Friday, shares of all Adani Group companies surged following a report by Jefferies highlighting the group's aggressive expansion plans, including $90 billion in capital expenditures over the next decade.

The market reacted positively, with Adani Group stocks adding up to ₹1.23 lakh crore in investor wealth, bringing their total market capitalisation to ₹17.94 lakh crore intraday. By the close of trading, the market capitalisation had settled at ₹17.51 lakh crore, with an addition of ₹ 84,064 crore in value.

Earlier this week, Gautam Adani expressed optimism about the future of the Adani Group, emphasising that the company's best days are ahead following a robust recovery from a dual assault by US short-seller Hindenburg.

In the annual report, Adani highlighted the challenges the group faced last year, noting that overcoming them has strengthened their resolve and drawn inspiration from India's resilience.

"The road ahead is paved with extraordinary possibilities, and I can promise you that the Adani Group today is stronger than it has ever been," he said.

Top News

Adani / ambani / Bloomberg Billionaires Index

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Protesters block Shahbagh intersection in Dhaka on 18 May 2025. Photo: Traffic Alert group on Facebook
    Shammo murder: Chatradal activists block Shahbag intersection demanding justice
  • Protesters locked the main gate of Nagar Bhaban demanding swearing in of Ishraque Hossain as mayor of Dhaka South City Corporation on 18 May 2025. Photo: TBS
    Ishraque's mayoral oath: Protesters announce Nagar Bhaban blockade for tomorrow
  • Commerce Adviser Sk Bashir Uddin speaks to reporters at the Secretariat on 18 May 2025. Photo: PID
    Bangladesh-India trade to continue in consumers' interest: Commerce adviser

MOST VIEWED

  • Screenshot of Google Maps showing the distance between Bhola and Barishal
    Govt to build longest bridge to link Bhola, Barishal
  • Efforts to recover Dhaka’s encroached, terminally degraded canals are not new. Photo: TBS
    Dhaka's 220km canals to be revived within this year: Dhaka North
  • Infograph: TBS
    How Bangladeshi workers lost $1.3b in remittance fees, exchange rate volatility in 2024
  • Chief Adviser Muhammad Yunus speaking after inaugurating the Microcredit Regulatory Authority building in the capital on 17 May 2025. Photo: CA Press Wing
    CA Yunus for establishing dedicated 'Microcredit Bank'
  • File Photo: Mohammad Minhaj Uddin/TBS
    Authorities to allow 19 cattle markets in capital
  • Representational image. Photo: TBS
    India halts import of Bangladeshi garments, processed foods via land ports

Related News

  • Adani fully restores power supply to Bangladesh as payments resume
  • PDB says it owes $141m less than what Adani claims
  • Musk, Ambani join hands in surprise Starlink India internet deal
  • Adani deal: Govt body for renegotiating tax rebate, surcharge, coal price
  • India's top court asks Adani to reply to allegations over Dharavi slum project

Features

PHOTO: Collected

Helmet Hunt: Top 5 half-face helmets that meet international safety standards

1h | Wheels
Photo: Collected

Simple accessories to extend the life of your luggage

1h | Brands
With a growing population, the main areas of Rajshahi city are now often clogged with traffic. Photo: Mahmud Jami

Once a ‘green city’, Rajshahi now struggling to breathe

22h | Panorama
Illustration: TBS

Cassettes, cards, and a contactless future: NFC’s expanding role in Bangladesh

1d | Panorama

More Videos from TBS

What is Jamaat's proposal on decentralization of power?

What is Jamaat's proposal on decentralization of power?

1h | TBS Today
Putin sets conditions before meeting with Zelensky

Putin sets conditions before meeting with Zelensky

2h | TBS World
Trump lies by coming to Gulf region, talks of peace: Khamenei

Trump lies by coming to Gulf region, talks of peace: Khamenei

3h | TBS World
What did Jamaat propose to the Consensus Commission?

What did Jamaat propose to the Consensus Commission?

3h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net