RICHIE RICH ADANI RISES ONCE AGAIN
The Free Press Journal|August 30, 2024
Gautam Adani, the mining to power generation tycoon, with ports thrown in somewhere in between, has once again become India's richest man, piping "frenemy" Mukesh Ambani to the top spot in the coveted Hurun's Rich List.
Jayanta Roy Chowdhury

So what's really new about that? Rich men are supposed to get richer, aren't they? And they are supposed to best fellow super-tycoons on the way or be beaten at the game.

Well as they say there is always a twist in the tale, especially when it's about how one gets rich and how quickly.

Last year, Adani's wealth declined by 57 per cent to just Rs 4.74 lakh crore after the Hindenburg Research report came out accusing his companies of various "wrongdoings", (which the conglomerate of course has denied since then).

These allegations saw his group firms' shares crashing even as Mukesh Ambani came out with flying colours to take the top spot that year.

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