Gautam Adani, the chairman of the Adani Group, has reclaimed his position as the richest person in Asia, overtaking Mukesh Ambani, chairman of Reliance Industries, according to the Bloomberg Billionaire Index. As of April 16, Adani's net worth reached $92.6 billion, compared to Ambani's $90.8 billion. This shift follows a strong rally in Adani Group stocks during April, which has seen substantial gains across most of its listed entities. Over the past decade, Adani's wealth has grown at a compounded annual rate of 34%, significantly outpacing Ambani's 15% growth rate. Adani now ranks 19th on the global billionaire list, just ahead of Ambani. This resurgence comes after a dramatic decline in Adani's net worth, which fell to about $37 billion in February 2023 following allegations of accounting irregularities by Hindenburg Research. The latest rebound has been fueled by a nearly 10% increase in stock prices so far in 2026.