Gautam Adani, the chairman of the Adani Group, has reclaimed his position as Asia’s richest person, overtaking Reliance Industries chairman Mukesh Ambani as well as prominent Chinese and Japanese business leaders. According to the latest Forbes Real-Time Billionaires list, Adani’s wealth surged by $2.5 billion (approximately ₹21,000 crore) in a single day, bringing his total net worth to $89.2 billion. With this surge, Mukesh Ambani has moved to the second spot with a net worth of $88 billion.

This dramatic rise is driven by a massive rally in the stock prices of key Adani Group companies, including Adani Green Energy, Adani Energy Solutions, Adani Enterprises, Adani Ports, and Adani Power. The combined market capitalization of the group’s six major companies has now crossed $191 billion (over ₹16 lakh crore). Adani’s ascent was further aided by a decline in the Japanese and Chinese stock markets, which impacted competitors like SoftBank founder Masayoshi Son ($87 billion) and ByteDance founder Zhang Yiming.

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This comeback marks a significant milestone for Adani, whose business empire faced severe setbacks following stock manipulation allegations by Hindenburg Research and bribery allegations from the US Department of Justice, which temporarily pushed him out of the top 20 global billionaires. However, after the US Department of Justice officially dropped the fraud charges last month, Adani’s personal wealth grew by $10 billion. Successful legal battles and strategic diplomatic engagements with the Trump administration have paved the way for this historic corporate recovery.