Gautam Adani, the chairman of the Adani Group, has topped the 2024 Hurun India Rich List with a net worth of ₹11.6 lakh crore, reflecting a significant 95% increase in his wealth over the past year. This growth has positioned him ahead of Mukesh Ambani, whose wealth stands at ₹8.08 lakh crore, with a modest 2% increase.
The Adani Group, a multinational conglomerate involved in various sectors including ports, airports, and renewable energy, has been instrumental in this rise. The group’s listed companies have performed well, contributing to the substantial increase in Adani’s net worth, which has grown by ₹5.6 lakh crore compared to the previous year.
Despite facing scrutiny and challenges, including allegations of financial irregularities, the Adani Group has managed to stabilize its market position. The Supreme Court recently concluded investigations related to these allegations, which has helped restore investor confidence.
Gautam Adani’s ascent to the top of the rich list highlights the dynamic nature of wealth accumulation in India, particularly within the rapidly evolving business landscape. As the Adani Group continues to expand, the business community will be watching closely to see how it navigates future challenges and opportunities.
