As Adani shares fall, Mukesh Ambani rises to become richest Indian

As Adani shares fall, Mukesh Ambani rises to become richest Indian

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After the Hindenburg report on Adani Group manipulating their stocks, company shares fell in double digits.

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Adani who was the third richest man in the world is now at number 10, according to Forbes Real-time billionaire list for 2023.

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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.