Gautam Adani Overtakes Mukesh Ambani, Becoming The Richest Man In India And Asia

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Chairman of Adani Group, Gautam Adani, has replaced Chairman of Reliance Industries Limited, Mukesh Ambani becoming the richest man in India and Asia for the first time ever.

Currently, Adani operates a hatful of companies including:

  • Adani Enterprises, Adani Ports & SEZ, Adani Transmission, Adani Total Gas, Adani Power and Adani Green Energy, among others.
  • Adani’s wealth has showed a remarkable increase, especially after the onset of the pandemic.
  • For instance, his total wealth marked at around $4.91 billion on March 18, 2020.
  • As of now, his net wealth has touched nearly $90 billion, a rise of more than 1800%.

On the other hand, Ambani’s net wealth has taken a slight hit after Reliance Industries scrapped the deal with Aramco, a Saudi Arabian public petroleum and natural gas company based in Dhahran.

 

However, change of destiny was expected to happen with Adani anytime soon. According to Bloomberg Billionaire Index, Adani’s wealth has stood at $88.8 billion on Tuesday (November 23). On the other hand, Ambani’s net wealth stood at $91 billion. As pointed out by the online publications, the Adani Enterprises chairman went past the Reliance Industries chairman on the basis of the group market cap. The publication informs Ambani held the top rank in Asia since 2015.

Among the other prominent Indian names in the billionaires’ index are Wipro chairman Azim Premji (34th place), HCL founder Shiv Nadar (54th place) and D-Mart founder Radhakishan Damani (64th place). But on Wednesday (November 24), shares of Reliance Industries Limited dropped by 1.77% while the shares jumped 2.34%, closing the difference between the net wealth of Adani and Ambani.

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