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Gautam Adani Regains Asia’s Wealth Throne Amidst Legal Reprieve

Ut World January 5, 2024 0

In a staggering financial rebound, Gautam Adani has reclaimed his position as Asia’s wealthiest individual, surging past Mukesh Ambani just days after a pivotal Supreme Court decision. Adani’s net worth skyrocketed by $7.7 billion within a single day, reaching an impressive $97.6 Continue Reading

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“Entire Ecosystem Was Jubilant”: PM’s Dig At Rahul Gandhi Over Speech

Ut World February 8, 2023 0

A day after the Congressman’s scathing criticism of him tied to billionaire Gautam Adani, Prime Minister Narendra Modi made multiple jabs at him in parliament today without identifying him. “Yesterday, after some people’s remarks in Lok Sabha, I was watching. The entire ‘ecosystem’ was excited. Supporters were jubilant. Some people were very Continue Reading

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Adani Group Gets $400 Million Investment From UAE Royals In Share Sale

Ut World January 30, 2023 0

In order to restore confidence in the conglomerate that saw its value plummet by nearly $70 billion after a small New York short seller released a damning report, billionaire Gautam Adani’s troubled group clung to a $400 million (Rs 3,260 crore) investment by Abu Dhabi’s International Holding Co. in its flagship firm’s share sale. The […]Continue Reading

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Gautam Adani’s Plans To Handle His Ballooning Wealth Overseas: Report

Ut World November 17, 2022 0

According to those acquainted with the negotiations, Asia’s richest man, Gautam Adani, is considering establishing a family office abroad to manage his soaring wealth. The insiders, who asked to remain anonymous since the topic is private, said that the chairman of the ports-to-power Adani Group conglomerate is considering Dubai or New York as the basis […]Continue Reading

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Billionaire Gautam Adani Lands In The Middle Of India-China Fight In Sri Lanka

Ut World November 11, 2022 0

A tiny group of fisherman operate in the shallow coastal waters off Pooneryn in northern Sri Lanka, a destitute, lonely region not far from the southernmost tip of India. In order to build renewable energy plants there, Gautam Adani, the richest man in Asia who recently passed Jeff Bezos in wealth, would be dragged into […]Continue Reading

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Gautam Adani Bounces Back To 3 On Forbes Rich List, Overtakes Jeff Bezos Again

Ut World October 31, 2022 0

Gautam Adani’s wealth increased after Indian stocks gained for two weeks in a row and outpaced Wall Street shares. As a result, he now occupies the third position on Forbes’ Real-Time Billionaires List, surpassing Amazon founder Jeff Bezos once more. Gautam Adani’s wealth increased by $314 million on Monday, bringing it to $131.9 billion, making […]Continue Reading

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Since March, Gautam Adani’s Wealth Grew 44 Times Mukesh Ambani’s: Report

Ut World September 20, 2022 0

Gautam Adani and Mukesh Ambani were tied for first place on Forbes’ Real-Time Billionaires List at the beginning of the fiscal year. With a net worth of $90.7 billion, Reliance Chairman Mukesh Ambani was marginally wealthier than Adani in March 2022. According to Forbes, Mukesh Ambani’s net worth has increased since then to $92.1 billion. […]Continue Reading

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Gautam Adani’s Rise To 3rd Richest Came As Stock Jumps Topped 1,000%

Ut World September 6, 2022 0

He first rose to the position of richest man in Asia. Then, his net worth eclipsed that of Bill Gates and Warren Buffett. He is now rapidly nearing a level of wealth that only Jeff Bezos and Elon Musk can match. By just about any standard, Gautam Adani’s rise has been nothing short of extraordinary. […]Continue Reading

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Gautam Adani Now World’s 3rd Richest, First Asian In Top 3

Ut World August 30, 2022 0

Just a few years ago, Gautam Adani was mostly unknown outside of India. The Indian billionaire, who dropped out of college and tried his luck as a diamond trader before switching to coal, is now the third-richest person in the world. It’s the first time an Asian has entered the top three of the Bloomberg […]Continue Reading

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Gautam Adani’s Empire “Deeply Overleveraged,” Warns New Report

Ut World August 23, 2022 0

According to a research by CreditSights, a division of Fitch Corporation, Indian billionaire Gautam Adani’s ports-to-power conglomerate is “seriously overleveraged,” with the group making aggressive investments in both new and current businesses that are primarily financed with debt. CreditSights said in the study released on Tuesday that the ambitious Continue Reading