Narendra Modi appears alongside Gautam Adani at the 5th Vibrant Gujarat Global Summit on 2011 in Gandhinagar, India. Vijay Soneji/Mint via Getty Images Nothing tells you more about an economy than how...
Tag: Gautam Adani
Adani Group Reportedly Hires Top U.S. Law Firm To Take On Hindenburg As Stocks Continue To Tank
Topline India’s Adani Group has hired New York-based law firm Wachtell, Lipton, Rosen & Katz to take on allegations against it raised by short-seller Hindenburg Research, the Financial Times repor...
Gautam Adani Briefly Falls Out Of Top 20 Richest As His Net Worth Spirals After ‘Corporate Con’ Allegations
Topline Indian billionaire Gautam Adani briefly fell out of the world’s top 20 richest people on Friday after losing $12 billion in a day, a spectacular fall from his former position as the world’s th...
Adani Drops To Third Richest In Asia After Stock Market Rout Knocks Off Another $12 Billion From His Fortune
Topline India’s Gautam Adani slipped one more spot to third on the list of Asia’s richest people after shares in his group’s listed companies continued to nosedive on Thursday while they attempt to pu...
How Gautam Adani Lost More Than $50 Billion In A Week—And His Ranking As Asia’s Richest
Topline Here’s a timeline of how Indian billionaire Gautam Adani has seen his fortune shrink by $51.7 billion in the past week as his group of companies have had to battle against allegations of stock...
Gautam Adani Addresses Scrapped Public Offering In First Public Remarks Since Hindenburg Allegations
Topline Gautam Adani on Thursday addressed his flagship company’s canceled $2.5 billion public offering and promised a review of the Adani Group’s market strategy in his first public remarks since U.S...
Credit Suisse Reportedly Assigns Zero Lending Value To Adani Group Bonds Following Hindenburg Allegations
Topline Credit Suisse has assigned zero lending value for bonds issued by Adani Group’s listed subsidiaries, Bloomberg reported on Wednesday, a move that will deepen concerns for the beleaguered India...
Controversy Embroiled Gautam Adani Loses Asia’s Richest Title To Mukesh Ambani
Topline Indian billionaire Gautam Adani ceded the title of Asia’s richest person to compatriot Mukesh Ambani, the chairperson of Reliance Industries, on Wednesday, as his listed companies continued to...
Billionaire Gautam Adani Gets Vote Of Confidence From Abu Dhabi Firm’s $400 Million Investment
Gautam Adani speaks at the World Congress of Accountants in Mumbai on November 19, 2022. INDRANIL MUKHERJEE / AFP Gautam Adani has won a vote of confidence from a $400 million investment by Internatio...
TotalEnergies Exposed To Alleged Adani Fraud Via Joint Ventures Worth Billions
Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, … [+] Sept. 27, 2022. India needs fossil fuels to serve large populations and getting rid of ...
Gautam Adani Slips From Top 5 Richest As His Net Worth Plummets After ‘Corporate Con’ Accusations
Topline Indian billionaire Gautam Adani fell out of the world’s top five richest people on Friday as he fights allegations of fraud and Adani Group shares plummet following a damning report by U.S. sh...
Jeff Bezos Surpasses Billionaire Gautam Adani As World’s Third-Richest Person After Short Seller’s Scathing Report
Topline Indian tycoon Gautam Adani, chairman of the sprawling Indian conglomerate Adani Group, ceded the title of the world’s third-richest person to Amazon founder Jeff Bezos on Wednesday, afte...
Commodities Billionaire Kumar Birla Bets On Growth, Braces For Competition
This story appears in the October 2022 issue of Forbes Asia. Subscribe to Forbes Asia Kumar Birla Dhiraj Singh/Bloomberg This story is part of Forbes’ coverage of India’s Richest 2022. See the full li...
Forbes Global CEO Conference 2022: Key Insights And Highlights
The 20th Forbes Global CEO Conference took place in Singapore on September 26 and 27, gathering some 450 prominent business leaders from around the world. Notable speakers at the event included: Lawre...
India’s $30 Trillion Future Is Easier Said Than Done
Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on September 27, 2022. Edwin Koo/Bloomberg Is India on track to become a $30 trillion economy? For perspective,...
World’s Second Richest Person Gautam Adani’s Keynote Address At The Forbes Global CEO Conference 2022
Indian billionaire Gautam Adani is chairman of Ahmedabad-based conglomerate Adani Group, which has interests in ports, airports, green energy, cement, data centers and more. Recently, the 60-year-old ...
Who Is Gautam Adani? The Indian Billionaire Briefly Became The World’s No. 2 Wealthiest Person And Ranks Above Bezos And Gates
Topline Indian billionaire Gautam Adani briefly became the second-richest person in the world Friday, trailing only Elon Musk, and the relatively unknown infrastructure and energy mogul is now wealthi...
Indian Billionaire Gautam Adani Scales New Heights To Become The World’s Second-Richest Person
Adani Group Chairman Gautam Adani. AP Photo/Aijaz Rahi Adani Group chairman Gautam Adani surpassed LVMH chairman and CEO Bernard Arnault Friday and is now the world’s second-richest person with ...
Indian Billionaire Gautam Adani Briefly Becomes The World’s Third-Richest Person
Gautam Shantilal Adani, founder and chairman of the Adani Group, attends a wedding reception on February 1, 2020 in New Delhi, India. Manoj Verma/Hindustan Times via Getty Images Gautam Adani was the ...
Singtel To Sell $1.6 Billion Shares In India’s Airtel To JV Firm Backed By Billionaire Partner Sunil Mittal
A Bharti Airtel store in Mumbai, India, on August 3, 2022. Dhiraj Singh/Bloomberg Singapore Telecommunications said Thursday it has agreed to sell 3.3% of Indian mobile carrier Airtel to Bharti Teleco...
Asia’s Richest Man, Gautam Adani, Raises $775 Million To Build India’s Largest Copper Refinery
Adani Group Chairman, Gautam Adani addresses the media in Ahmedabad on July 21, 2009. AFP via Getty Images Adani Enterprises—controlled by Gautam Adani and his family—is pushing ahead with plans to bu...
Adani Group To Acquire Holcim’s India Business In $10.5 Billion Deal
Swiss building materials manufacturer Holcim Group. Holcim Indian billionaire Gautam Adani’s company is acquiring Swiss building materials manufacturer Holcim Group’s Indian arm in a $10.5 billion dea...
India’s Gautam Adani Passes Warren Buffett To Become World’s 5th Richest Person
(AP Photo/Aijaz Rahi) Gautam Adani’s incredible rise continues. The Indian infrastructure mogul became the richest Asian billionaire in history (in sheer dollar terms) earlier this month–and he’s kept...
India’s Gautam Adani Is Now Richest Asian Billionaire Ever As Fortune Jumps Past $100 Billion
Gautam Adani, the founder and chairman of the Adani Group. Hindustan Times via Getty Images After a meteoric rise in his net worth over the past two years, Indian infrastructure tycoon Gautam Adani ha...
Adani Group Receives $2 Billion Investment From Abu Dhabi For Green Energy Push
Gautam Adani, Chairman of the Adani Group. Abhijit Bhatlekar/Mint via Getty Images Abu Dhabi’s International Holding Co. (IHC) has invested $2 billion in three green energy-focused companies run by In...
Indian Billionaire Mukesh Ambani Becomes Asia’s Richest Person Again Amid Putin’s War
Red-hot oil prices and a deal between two of India’s biggest retail players helped push up Mukesh Ambani’s fortune by $2.8 billion on Monday, even as broader global markets reeled. Getty Images ...