Billionaire Gautam Adani has reclaimed the title of Asia’s richest person, surpassing Reliance Industries chairman Mukesh Ambani, according to the Bloomberg Billionaires Index. As of 6 PM on Saturday, Adani, the chairman of Adani Group, holds the 11th spot on the index with a net worth of $111 billion, compared to Ambani’s $109 billion.

Gautam Adani, the Founder and Chairman of the Adani Group, has overtaken Mukesh Ambani, Chairman of Reliance Industries, as Asia’s richest person, according to the Bloomberg Billionaires Index. As of June 2, Adani ranks 11th on the list of the world’s top 50 richest people with a net worth of $111 billion, while Ambani is 12th with a net worth of $109 billion.

Ambani had previously overtaken Adani after the Adani Group’s valuation dipped following the 2023 Hindenburg report, which alleged accounting fraud and stock market manipulation by the Adani Group. However, Adani has now surpassed Ambani again as the shares of Adani Group rose by 14% on May 31st, following a Jefferies report stating the group’s plans for aggressive expansion, including a capital expenditure of $90 billion over the next 10 years.

Here are the top 5 richest people in the world as of June 2, 2024, according to the Bloomberg Billionaires Index:

  1. Bernard Arnault, CEO of LVMH, with a net worth of $207 billion.
  2. Elon Musk, Founder, Chairman, CEO, and CTO of SpaceX, and CEO of Tesla, Inc., with a net worth of $203 billion.
  3. Jeff Bezos, Founder and Executive Chairman of Amazon, with a net worth of $199 billion.
  4. Mark Zuckerberg, Co-founder and CEO of Facebook, with a net worth of $166 billion.
  5. Larry Page, Former CEO of Google, with a net worth of $153 billion.

Other Indians on the latest Bloomberg Billionaires Index’s top 50 richest people in the world include Shapoor Mistry at number 44 with a net worth of $36.1 billion, and Savitri Jindal at number 49 with a net worth of $32.6 billion.

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