Gautam Adani Overtakes Mukesh Ambani to Become Asia’s Richest Person, Says Forbes

Gautam Adani, Chairman of the Adani Group, has once again become Asia’s richest person after a strong rally in Adani Group stocks significantly boosted his wealth. According to Forbes' real-time billionaire rankings, Adani’s net worth climbed to $89.2 billion, helping him surpass Mukesh Ambani and Masayoshi Son. 

Gautam Adani Overtakes Mukesh Ambani and Masayoshi Son 

With a net worth of $89.2 billion, Adani now leads Asia’s rich list. Mukesh Ambani, Chairman of Reliance Industries, follows with a net worth of $88 billion, while Masayoshi Son of SoftBank Group stands at $87 billion. 

Masayoshi Son had briefly held the title of Asia’s richest person before a decline in SoftBank shares affected his wealth. The latest rally in Adani Group stocks has reversed the rankings, placing Adani back at the top. 

Adani Group Stocks Extend Strong Rally 

Adani Group companies have delivered strong gains in 2026, contributing significantly to the rise in Gautam Adani’s fortune. 

As of June 8, 2026, at 11:24 AM, Adani Green Energy share price was at ₹1,511.20 apiece, down 0.95%; Adani Energy Solutions share price was at ₹1,597.20 apiece, up 1.20%; Adani Enterprises share price stood at ₹3,018.90, down 0.98%; Adani Ports and Special Economic Zone share price was at ₹1,821.30, down 0.16%; while Adani Power share price was trading nearly flat at ₹232.79 apiece. 

Overall, Adani Group stocks have rallied between 23% and 56% so far in 2026. 

Wealth Jumps After US Fraud Charges Dismissed 

Adani’s wealth has reportedly increased by nearly $10 billion since the United States Department of Justice dismissed fraud-related charges against the Adani Group last month. 

The allegations had claimed that the group was involved in a $250 million bribery scheme linked to solar energy supply contracts. The dismissal of these charges helped improve market sentiment toward the group and supported the recent rally in its listed companies. 

Recovery From the Hindenburg Fallout 

The Adani Group’s resurgence follows a turbulent period that began in 2023 when Hindenburg Research published a report accusing the conglomerate of stock manipulation and accounting irregularities. 

The allegations triggered a sharp sell-off across Adani Group stocks and erased billions of dollars in market value. However, regulators later stated that the allegations were "not established," helping restore investor confidence and paving the way for the group's recovery. 

Read More: Adani Group Reports Record ₹1.53 Lakh Crore Capex and ₹94,834 Crore EBITDA in FY26 

Where Does Adani Rank Globally? 

According to the Forbes real-time billionaire rankings, Gautam Adani is currently the 23rd richest person in the world. He was also listed among the biggest daily wealth gainers, with his net worth increasing by approximately $2.5 billion on Friday. 

Meanwhile, legendary investor Warren Buffett recorded the largest daily gain among billionaires, with his fortune rising by about $3 billion. 

Who Is the World’s Richest Person in 2026? 

At the global level, Elon Musk continues to hold the title of the world’s richest person. His wealth remains substantially ahead of other billionaires. 

Among the top global wealth rankings, Larry Page occupies the second position, while fellow Google co-founder Sergey Brin ranks next on the list. 

Conclusion 

Gautam Adani’s return as Asia’s richest person reflects the remarkable recovery in Adani Group stocks and investor sentiment. Backed by strong gains across key group companies and improving regulatory clarity, Adani has overtaken Mukesh Ambani and Masayoshi Son to reclaim the top spot in Asia’s wealth rankings.  

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