As Adani shares fall, Mukesh Ambani rises to become richest Indian
After the Hindenburg report on Adani Group manipulating their stocks, company shares fell in double digits.
Adani who was the third richest man in the world is now at number 10, according to Forbes Real-time billionaire list for 2023.
Reliance Industries Chairman Mukesh Ambani with a net worth of USD 84.3 billion is now the richest Indian in the world.
Ambani overtook Adani after his assets went up 0.19% with an increase of wealth by $164 million, while Adani's assets went down by 4.62% with industrialist's wealth pegged at $84.1 billion.
These values tend to fluctuate. If there is a gain in Adani's stock, it is expected Adani's personal wealth will rise too.