Mukesh Ambani’s Wealth Surges by Rs 44,293 Crore in a Day; Gautam Adani’s Net Worth Increases by Rs 56,550 Crore

Mukesh Ambani, chairman of Reliance Industries, experienced a significant surge in his net worth, increasing by approximately ₹44,293 crore ($5.2 billion) in a single day. This remarkable gain was driven by a substantial rise in Reliance Industries’ stock prices, which soared to an intraday high of ₹1,374 on the National Stock Exchange before closing at ₹1,366.30, marking a 5.07% increase. The stock rally followed the company’s announcement of a consolidated net profit of ₹19,407 crore for the fourth quarter ending March 2025.

As a result of this financial upswing, Ambani’s net worth reached $99.2 billion, elevating him to the 16th position on Bloomberg’s Billionaires Index. This year alone, he has added $8.58 billion to his wealth, making him the highest earner in India for 2025.

In comparison, other global billionaires also saw notable gains. Bernard Arnault added $3.18 billion to his wealth, while Wang Ning and Larry Ellison earned $1.68 billion and $1.64 billion, respectively. Conversely, Nvidia’s CEO, Jensen Huang, faced a decline of $2.02 billion due to a dip in Nvidia shares, dropping his global ranking to 17th place, allowing Ambani to surpass him.

Reliance Industries, under Ambani’s leadership, operates the world’s largest oil refinery and generates substantial revenue from polymers and chemicals. The company reported revenue exceeding $100 billion for the fiscal year ending March 2024. Additionally, Ambani owns the Mumbai Indians IPL cricket team.

Meanwhile, Gautam Adani, chairman of the Adani Group, also experienced a rise in wealth. Shares of Adani Group companies increased, boosting Adani’s net worth by $1.48 billion to $77.5 billion. This gain maintained his position at 20th on Bloomberg’s Billionaires Index.

However, Adani has faced legal challenges. In November 2024, he was indicted in New York over allegations of orchestrating a multibillion-dollar fraud. Prosecutors allege that between 2020 and 2024, Adani and associates paid over $250 million in bribes to Indian officials to secure solar energy contracts yielding $2 billion in profits. Additionally, it’s claimed that Adani Green Energy raised over $3 billion in loans and bonds during the same period by making false and misleading statements. Arrest warrants have been issued for both Gautam Adani and his nephew, Sagar Adani, with U.S. authorities seeking international cooperation for enforcement. The U.S. Securities and Exchange Commission has also filed related civil charges. In response, the Adani Group has dismissed the allegations as “baseless” and stated that it will pursue “all possible legal remedies.”

Despite these legal issues, Adani’s wealth has seen significant growth. According to the 2024 Hurun India Rich List, his family wealth surged by 95% to ₹11.6 lakh crore over the past year, adding ₹5,65,503 crore. This increase is attributed to significant gains in share prices for all Adani Group companies, with Adani Ports seeing a 98% rise, driven by improved utilization levels and proposed acquisitions of new ports and container terminals.

In summary, both Mukesh Ambani and Gautam Adani have experienced substantial increases in their net worths, solidifying their positions among the world’s wealthiest individuals. Ambani’s recent earnings boost him to the 16th spot globally, while Adani’s wealth growth, despite legal challenges, maintains his standing at 20th.