Gautam Adani becomes Asia's richest, overtakes Mukesh Ambani

• Image Credit: Internet

• Nov 25, 2021 | moderator

New Delhi: Gautam Adani, Adani Group Chairman, has overtaken Reliance Industries Limited (RIL) chairman Mukesh Ambani to become the richest man in India and Asia.

Previously, Gautam Adani ranked second in the list of Asia's richest. As per sources, Mukesh Ambani was the richest man in Asia with a net worth of $91 billion. Gautam Adani's net worth is estimated at $88.8 billion.

As of now, Adani's wealth has risen by $ 55 billion yearly, while Mukesh Ambani's wealth has risen simply by $ 14.3 billion throughout this season.

The downfall in Mukesh Ambani's wealth has come due to pressure on the shares of Reliance Industries. Shares of Reliance Industries fell 1.07 per cent since the release of the removal of the agreement with Saudi Arabia's petroleum firm Aramco, decreasing the revenue of Mukesh Ambani. The capital of Reliance Industries is exchanged at Rs 2360.70.

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Meantime, the shares of Adani Group have endured bullish. The share of Adani Enterprises was trading up by 2.94% at Rs 1757.70. The share of Adani Port was up 4.87% at Rs 764.75.

Adani Transmission's share was up 0.50 % at Rs 1950.75. While Adani Power's share was up 0.33 % at Rs 106.25. Adani Green and Adani Total Gas, two shares of the Adani Group, were exchanged at a loss of 1%.

Gautam Adani's wealth has progressed very swiftly after April 2020. His net value as of 18 March 2020 was $4.91 billion. In the last few months, Adani's revenue has raised by 1808 %, and now it has risen to $ 83.89 billion.