According to the Bloomberg Billionaires Index, the 59-year-old founder of Adani Group oversees enterprises ranging from ports and aircraft to thermal energy and coal and has a net worth of $88.5 billion.

Adani also owns Abbot Point, a controversial coal mining project in Australia. Its Carmichael coal mine is billed as one of the world’s largest. Adani acquired a 74% stake in Mumbai International Airport, India’s second-busiest, in September 2020. Gautam Adani also controls Mundra Port, India’s largest, in his home state of Gujarat.

Mukesh Ambani and Reliance Industry took the number 11 spot with a net worth of $87.9 billion. He famously bought the Mandarin Hotel in New York in January 2022.

During the epidemic, Adani’s fortune, like that of other billionaires around the world, has skyrocketed. At this time last year, he was valued less than $40 billion. He has surpassed India’s energy-to-tech mogul Mukesh Ambani to become the world’s 10th richest person as a result of this tremendous increase.

The Adani Group’s shares have done remarkably well on the Indian stock market. Since June 2020, Adani Enterprises’ stock has increased by over 1,000 percent on the National Stock Exchange in Mumbai, indicating that investors are confident in Adani’s ability to bet on sectors like infrastructure and renewable energy.

This is not the only surprise on the Bloomberg Billionaires Index. Mark Zuckerberg has also fallen to the number 13 spot. This is after Meta (formerly Facebook) has seen a significant dip in the stock market. The dip has caused Zuckerberg $30 billion of his net worth.

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Nirav Modi is a diamantaire who started the company Firestar diamonds. He is the first Indian jeweler to achieve international status. He has opened branches in the UK, in the US, and across the globe. Initially, people were not aware of his brand. However, in a span of a few years, he went from zero to top place. At the top of his game, no one truly questioned where did he come from or how did he do it?

In the midst of his success, rumors began spreading on how he achieved his funding. Some thought it was from mobsters, some say loans, and others add creative flares. Further investigation revealed that he was getting his funds from Punjab National Bank by securing Letters of Undertaking. He used them to pay suppliers. His loan reached ₹28000 Crore before his scheme was unveiled.

Prior to getting caught, he and his family flew the country. His wife and kids were in New York and Nirav was nowhere to be found. Eventually, a journalist from the UK recognized him and found his whereabouts. The battle to extradite him from the UK back to India began.

Nirav Modi is currently in a UK jail awaiting trial regarding his extradition. His defense claims “mental welfare” as his reason not to be extradited.  Most of his assets that were seized by the Indian government will be auctioned off. This is will be used to pay his outstanding balance with the Bank.

Bad Boy Billionaire India is available on Netflix.

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