Gautam adani net worth

As of Jan. 30, Adani, chairman of the Adani Group, is now the world’s 11th-richest man, with a fortune of $84.4 billion, according to the Even worse, fellow Indian industrialist Mukesh Ambani, chairman of The two Indian billionaires are rivals, competing in sectors like Rise and fall Adani’s wealth surged in 2022, owing to an increase in share price in Adani Group companies. Shares in commodity trader Adani Enterprises, the group’s flagship, rose by more than 225% over 2022, while shares in Adani Power rose by 300% over the same period. The plunge in Adani’s net worth follows last week’s release of a 100-page report from Hindenburg Research. The short-seller Shares in Adani companies have plummeted since then, wiping out Adani Enterprises is currently in the middle of a $2.5 billion share sale, which is scheduled to end today. On Monday, the share sale got a ‘ A calculated attack on India’ The battle between the Adani Group and Hindenburg Research is quickly turning into a debate about India itself. Hindenburg’s report “is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity, and quality of Indian institutions, and the growth story and ambition of India,” the Adani Group wrote The Wall Street short-seller delivered a fiery rebuttal “India’s future is being held back by the Adani Group, which has draped itself in the Indian flag while systematically looting the nation,” Fears over the Adani Group are dragging...

• • • Forbes top 100 richest Indian billionaires: Gautam Adani tops the list, Mukesh Ambani at second spot Forbes top 100 richest Indian billionaires: Gautam Adani tops the list, Mukesh Ambani at second spot Forbes Top 10 Richest Indians: According to the Forbes data, the cumulative net worth of the top 10 richest stands at $385.2 billion, up 15.1 per cent from 2021. Forbes Top 10 Richest Person India 2022: Forbes has launched its annual list of the country’s 100 richest billionaires and according to the list, the combined wealth of India’s 100 richest grew by $25 billion to touch $800 billion. The report noted that the rise was mainly due to a record-breaking feat by Adani group chairman Gautam Adani, whose wealth doubled this year to $150 billion, making him the richest Indian and replacing Reliance Industries (RIL) chairman & managing director Mukesh Ambani at the top of the list. According to the Forbes data, the cumulative net worth of the top 10 richest stands at $385.2 billion, up 15.1 per cent from 2021. While the richest man in the country has a net worth of $150 billion, the richest Indian woman Savitri Jindal has a net worth of $16.4 billion. There are nine women billionaires on the list this year, according to Forbes data. Here’s a look at the top 10 richest Indians in the Forbes 2022 list: 1. Gautam Adani (net worth $150 billion) Adani Group Chairman Gautam Adani has a net worth of Rs 1,211,460.11 crore. According to Forbes, Adani had tripled his wealth last y...

Adani Group loan prepayment: Billionaire Gautam Adani-led Adani Group on Monday said that it has repaid the loans worth $2.65 billion in addition to the interest payment as par with the prepayment programme to cut overall leverage. The prepayment of the loan amount was done along with an interest payment of $203 million. According to Adani Group’s credit update released on Monday, there have been major improvements in key financial metrics - the portfolio's combined Net Debt to EBITDA ratio has come down from 3.81 in FY22 to 3.27 in FY23, run rate EBITDA surged from Rs 50,706 crore in FY22 to Rs 66,566 crore in FY23. Continued investments in core infra with gross assets of Rs 3.77 lakh crore (89 per cent of the portfolio) provide long-term multi-decadal visibility of cash flow, the company said adding, the cash balance was higher by 41.5 per cent at Rs 40,351 crore against Rs 28,519 crore. Free Flow from operations (FFO)- (EBITDA less finance cost less tax paid) was Rs 37,538 crore. “We all are deeply distressed by the Orissa train accident. We have decided that the Adani group will take responsibility of the school education of the innocent people who have lost their parents in this accident. It is the joint responsibility of all of us to provide strength to the victims and their families and better tomorrow to the children," he said in a tweet.

Gautam Adani (center) attends the UP Investors Summit in the northern Indian state of Uttar Pradesh, on June 3. Rajesh Kumar Singh/AP Move over, India's richest man, Gautam Adani, shot past the Amazon founder this week in the rankings of the world's wealthiest people. According to lists maintained by Bezos currently boasts around $147 billion in total net worth, placing him third (Bloomberg) or fourth (Forbes).

By Express News Service MUMBAI: Adani Group on Monday said it has repaid loans totalling $2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust after US-based short-seller Hindenburg Research levelled allegation of financial irregularities against the conglomerate. In a Credit Note released on Monday, billionaire Gautam Adani-led group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate’s listed firms and also another $700 million in loans taken for the acquisition of Ambuja Cement. The prepayment was done along with interest payment of $203 million. “The deleveraging programme testifies to the strong liquidity management and capital access at sponsor level even in volatile market conditions, supplementing the solid capital prudence adopted at all portfolio companies,” Adani Group said in the credit update. The promoters completed the sale of shares in four listed group entities to GQG Partners, a leading global investment firm, for $1.87 billion (Rs15,446 crore), said the note. Hindenburg in January released a report alleging accounting fraud and stock price manipulation at Adani Group, triggering a stock market rout that had erased about $145 billion in the conglomerate’s market value at its lowest point. Adani Group has denied all allegations by Hindenburg and is plotting a comeback strategy. The group has recast its ambitions as well as prepaid som...

Then, in January this year, US-based However, this week, the shares of Adani Enterprises, the group’s flagship, have risen 34%. Stocks of its recent acquisitions, Ambuja Cements and ACC, have risen by 5% and 3.5%, respectively. Its crown jewel, Adani Ports, has gone up by nearly 9%; Adani Wilmar, another group company, rose by a little over 20%. Today (May 25), the overall market capitalization of the 10 Adani Group stocks stood at $126 billion, up nearly $13 billion over the week. However, this is still significantly lower than its peak of $232 billion on Jan. 24, the day Hindenburg released its report. The Securities and Exchanges Board of India is still probing Hindenburg’s allegations, but the market seems to have taken the apex court’s recent observation as A fresh impetus to Adani’s fundraising plans from the US-based investment firm Besides retail investors, the Adani stock’s revival has cheered India’s largest insurer investments has also recovered The rebounding Adani stock has replenished more than half of LIC’s wealth lost in the Hindenburg-led implosion.

• • • • Gautam Adani becomes 2nd richest man in the world for a brief time, overtaking Jeff Bezos Gautam Adani becomes 2nd richest man in the world for a brief time, overtaking Jeff Bezos The self-made billionaire's net worth surged $4 billion overnight to $154 billion, according to Forbes, ranking him ahead of LVMH's Bernard Arnault and Amazon's Jeff Bezos