Digital Desk: Gautam Adani has become Asia’s richest man by dethroning Mukesh Ambani, according to the Forbes Real-Time Billionaires index. In 2021, he added $55 billion to his fortune, compared to Mukesh Ambani’s $14.3 billion.
According to the Bloomberg Billionaire Index, Gautam Adani, who has a net worth of $88.8 billion, is $2.2 billion behind Mukesh Ambani, who has a net worth of $91 billion. Due to the rise in shares of his publicly traded group companies and the decline in Reliance Industries shares, he surpassed Ambani.
Adani’s net worth climbed by over 180 percent to a stunning $83.89 billion in the last 20 months, while Ambani’s increased by 250 percent, i.e., $54.7 billion. Adani’s net worth is currently $90.4 billion, while Ambani’s is $89.8 billion.
After the $15 billion O2C agreement with Saudi Aramco was cancelled, Ambani’s stock plummeted. Adani Port and SEZ shares, as well as Adani Power shares, soared at the same time.
Adani Enterprises, Adani Green Energy, Adani Ports & SEZ, Adani Transmission, Adani Total Gas, and Adani Power are among the firms that make up the Adani Group. Although the entire market valuation of the listed Adani Group enterprises is fixed at Rs. 10 trillion, compared to Rs. 14.91 trillion for Reliance Industries, Gautam Adani is richer than Mukesh Ambani due to his greater promoter ownership in his listed group firms.
Gautam Adani has also surpassed Francoise Bettencourt Meyers, the world’s wealthiest lady. According to the Forbes Real-Time Billionaires index, Francoise Bettencourt Meyers and Family have a net worth of $83.2 billion.
