Gautam Adani overtakes Mukesh Ambani: Adani Group chairman Gautam Adani has become Asia’s biggest rich. He has achieved this position by overtaking Mukesh Ambani, chairman of Reliance Industries. According to the Bloomberg Billionaires Index, the net worth of 59-year-old Adani has reached $ 88.5 billion while Ambani’s net worth is $ 87.9 billion. Adani had already overtaken Ambani in the Forbes list.
Adani is at 10th position in the list of the world’s richest person according to the Bloomberg Billionaires Index. He has achieved this feat for the first time. At the same time, Ambani is at number 11 in this list. In terms of earnings this year, Adani has outperformed everyone. His net worth has increased by $ 12 billion while Ambani’s net worth has declined by $2.07 billion.
Gautam Adani overtakes Mukesh Ambani
Adani had entered the world of business from the commodity trading business and today his business is spread in many sectors including Ports, Mines, Green Energy. The shares of some of his companies have jumped over 600 per cent in the last two years. In the last three years, the operation of seven airports of the country has come in his hands. His group is the country’s largest private sector airport operator, power generator and city gas retailer.
Shares of Adani Green and Adani Total Gas have gained over 1000 per cent since the beginning of 2020. During this period, Adani Enterprises Ltd grew by 730 per cent, Adani Transmission by 500 per cent and Adani Ports by over 95 per cent. The benchmark BSE index has gained 40 per cent during this period. On Monday too, shares of Adani Green and Adani Total Gas rose despite a sharp fall.
Meanwhile, Facebook (now Meta Platforms) CEO Mark Zuckerberg has slipped to 13th place in the list of the world’s rich. On Monday, his net worth declined by $ 4.37 billion to $ 85.0 billion. This year his net worth has declined by $ 40.5 billion. In this list, Tesla CEO Elon Musk remains at number one with a net worth of $235 billion. Amazon’s Jeff Bezos is second, French businessman Bernard Arnault third and Microsoft’s Bill Gates fourth.