Mukesh Ambani and Gautam Adani Secure Positions Among the World’s Top 15 Super Rich

Mukesh Ambani and Gautam Adani have made it to the top 15 world’s super-rich list of the Bloomberg Billionaires Index. This marks a significant achievement, especially for Gautam Adani, who reclaimed his position after losing it in 2023 due to short selling in his company’s stock. Notably, for the first time, all individuals in the top 15 have a net worth of $100 billion or more.

Mukesh Ambani’s Ranking and Wealth

Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL), is ranked 12th with a wealth of $110 billion. RIL operates across various sectors including petrochemicals, oil and gas, telecom, retail, and financial services, making Ambani one of the wealthiest individuals globally.

Gautam Adani’s Comeback

Gautam Adani, with a wealth of $100 billion, is ranked 14th. Adani Group’s business interests span ports, airports, power generation and transmission, green energy, edible oils, cement, and real estate. After a challenging year in 2023 due to accusations from Hindenburg Research and a subsequent sharp decline in his company’s stock prices, Adani’s fortunes rebounded. The Securities and Exchange Board of India (SEBI) and the Supreme Court cleared his name, leading to a resurgence in share prices driven by foreign investment.

First Woman to Reach $100 Billion

Bettencourt Meyers, owner of the famous L’Oreal company, has become the first woman to achieve a net worth of $100 billion. Her wealth reached $101 billion, placing her 14th on the list, due to L’Oreal’s share price recording its best year since 1998. This milestone marks a significant achievement in gender representation among the world’s wealthiest.

Richest Person in South America

Carlos Slim of Mexico, with a net worth of $106 billion, has been included in the list for the first time, ranking 13th. Slim’s wealth comes from his diverse business interests, including construction, telecommunications, and retail. He is the richest person in South America, highlighting the region’s economic potential.

World’s Richest Man

Bernard Arnault, the founder and CEO of LVMH, continues to lead the world’s richest list with a net worth of $222 billion. LVMH’s luxury brands have maintained robust performance, securing Arnault’s top position.

Other notable rankings on the list of billionaires in the world:

• Jeff Bezos: The founder of Amazon.com Inc. is the second richest person with a net worth of $208 billion.
• Elon Musk: CEO of Tesla, ranks third with a net worth of $187 billion. Despite a significant drop of over $40 billion this year, Musk remains one of the wealthiest individuals globally.