Mumbai: A sharp rally in Adani Group stocks in April has made chairman Gautam Adani the richest Asian.
The Adani Group owner went past Reliance Industries (RIL) chairman Mukesh Ambani to top the continental list on the Bloomberg Billionaire Index after several listed stocks climbed through the highly eventful month that has been rather circumspect for RIL entities on the bourses.
According to the Bloomberg gauge that captures real-time wealth, Adani's net worth totalled $92.6 billion as of April 16, against Ambani's $90.8 billion. Over the past decade, Adani's wealth has grown at a compounded annual rate of 34% while Ambani's net worth saw 15% rise.
Zeng Yuqun, chairman of CATL, a Chinese battery maker, is third richest with a net worth of $70.8 billion.
Global List
Globally, Adani is now ranked 19th on Bloomberg’s rich list, one place ahead of Ambani. The global list, with a visible American dominance, is headed by Tesla Inc owner Elon Musk. In September 2022, Adani briefly became the world’s fourth richest individual with a net worth of $149.9 billion, before a sharp reversal triggered by Hindenburg Research’s allegations of accounting irregularities.
By February 2023, a month after the allegations were made, his net worth had slumped to about $37 billion. The latest rebound, nearly 10% so far in 2026, has been driven by double-digit gains across most of the listed Adani group entities.
The Adani Group owner went past Reliance Industries (RIL) chairman Mukesh Ambani to top the continental list on the Bloomberg Billionaire Index after several listed stocks climbed through the highly eventful month that has been rather circumspect for RIL entities on the bourses.
According to the Bloomberg gauge that captures real-time wealth, Adani's net worth totalled $92.6 billion as of April 16, against Ambani's $90.8 billion. Over the past decade, Adani's wealth has grown at a compounded annual rate of 34% while Ambani's net worth saw 15% rise.
Zeng Yuqun, chairman of CATL, a Chinese battery maker, is third richest with a net worth of $70.8 billion.
Net worth rises to $92.6 billion on group stocks’ rally
Global List
Globally, Adani is now ranked 19th on Bloomberg’s rich list, one place ahead of Ambani. The global list, with a visible American dominance, is headed by Tesla Inc owner Elon Musk. In September 2022, Adani briefly became the world’s fourth richest individual with a net worth of $149.9 billion, before a sharp reversal triggered by Hindenburg Research’s allegations of accounting irregularities.
By February 2023, a month after the allegations were made, his net worth had slumped to about $37 billion. The latest rebound, nearly 10% so far in 2026, has been driven by double-digit gains across most of the listed Adani group entities.