A considerable drop in Adani stocks since the start of 2025 has led to a cut of $11.9 billion in total net worth of Gautam Adani to $66.8 billion. According to the Bloomberg Billionaires Index, so far this year, Gautam Adani’s net worth declined the maximum, after Tesla Founder Elon Musk who saw his net worth erode by $35.2 billion to $397 billion. Even so, Elon Musk still remained at the top position as the world’s richest individual.
Gautam Adani landed on the 23rd position, much lower than Reliance Industries Limited Chairman Mukesh Ambani who saw his net worth erode by $2.94 billion this year to $87.7 billion. Mukesh Ambani is now the world’s 17th richest person, down from 12th position in December 2024. In Asia, however, Mukesh Ambani topped the list as the richest man followed by Gautam Adani.
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Earlier in December, with various business challenges looming over Adani Group and Reliance Industries, the two business tycoons were both dropped out of Bloomberg’s $100 billion club for the year.
Just a day earlier, the Adani Group stocks saw steady upmove after the company shared data that said its portfolio Trailing-twelve-month (TTM) EBITDA is up 10.1 per cent YoY to Rs 86,789 crore. According to the statement from the Adani Group, the highlights of the Q3FY25 performance included that the “Highly stable ‘Core Infrastructure’ portfolio continues to power cashflow generation, with 84 per cent contribution to the total portfolio EBITDA. This ‘Core Infrastructure’ platform comprises- AEL’s incubating Infrastructure businesses, Utility (Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), and Transport (Adani Ports & SEZ) businesses.” The company also claimed that there is sufficient liquidity to cover debt servicing for at least the next 12 months.
The bulk of Adani’s fortune, Bloomberg said, is derived from stakes in six publicly traded companies that are part of the Adani Group. The companies and the stakes include Adani Enterprises (74 per cent), Adani Power (75 per cent), Adani Total Gas (37 per cent), Adani Energy Solutions (70 per cent),
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