Updated

Updated · Forbes · Jun 5

Gautam Adani Reclaims Asia's Richest Title at $89.2 Billion as Group Shares Rally

Updated

Updated · Forbes · Jun 5

Gautam Adani Reclaims Asia's Richest Title at $89.2 Billion as Group Shares Rally

2 articles · Updated · Forbes · Jun 5

$89.2 billion put Gautam Adani back atop Asia’s rich list on Friday, ahead of Mukesh Ambani at $88 billion and SoftBank’s Masayoshi Son at $87 billion.
A roughly $2.5 billion one-day gain came as Adani Group stocks rose broadly, led by Adani Green Energy up 6.9%, with Adani Enterprises up 2.3% and Adani Ports up 1.9%.
Adani’s fortune has climbed nearly $10 billion since the U.S. Justice Department dropped fraud charges last month tied to alleged $250 million solar-contract bribery; Adani and colleagues denied the claims.
The rebound extends a recovery from the 2023 Hindenburg fraud allegations and later U.S. indictment, lifting the combined value of six listed Adani companies to about $191 billion.