Brief by Shorts91 Newsdesk / 09:04am on 05 Jan 2024,Friday Business
Indian billionaire Gautam Adani is once again Asia's wealthiest person after his net worth rose $7.7 billion in a day to $97.6 billion. This comes on the heels of India's Supreme Court ruling that no further probes are needed into fraud allegations against Adani's conglomerate. Adani reclaimed the top spot from rival Mukesh Ambani, whose net worth stands at $97 billion. Adani saw over $150 billion in market value losses last year due to the fraud claims, but has rebounded thanks to the court verdict which boosted his company's stock prices. The tycoon is diversifying into data centers, AI, urban development and more.
