Billionaire Gautam Adani on Wednesday become India’s and Asia’s richest person as he surpassed Mukesh Ambani's net worth. Adani added $55 billion to his wealth in 2021 as compared to $14.3 billion added by Ambani. The ranking is based on the Group market cap according to experts.
As per Bloomberg's Billionaires Index, Ambani, with a net worth of $91 billion, was ranked as Asia’s richest. On the other hand, Adani was trailing Ambani by $2.2 billion with a fortune of $88.8 billion.
However, with the rise in shares of Adani Group listed firms on Wednesday and the fall of shares of Reliance Industries, Adani has overtaken Ambani in the net worth game.
Adani is the chairman and founder of the Adani Group, an Ahmedabad-based multinational conglomerate involved in port development and operations in India.