New Delhi, Nov 18 (PTI) Adani Group on Friday said the ports-to-energy conglomerate's Founder and Chairman Gautam Adani is not considering setting up a family office overseas to manage his wealth.

With a USD 58 billion addition to his personal wealth propelling him to the throne of Asia's richest and world's third wealthiest man, it was reported that Adani was looking at Dubai or New York as the base for the office.

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"Neither Adani nor the Adani Family has any plan or is in consultations to open a family office overseas," the group said in a statement.

Adani has a net worth of USD 135 billion.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)