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Gautam Adani Become Asia’s Richest person Surpassing Mukesh Ambani

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Chairman of Adani Group, Gautam Adani, has replaced Reliance Industries Limited (RIL) chairman Mukesh Ambani to become the richest man in India and Asia for the first time ever. 

Gautam Adani Become Asia's Richest person
Mukesh Ambani (L) and Gautam Adani (R) (Photo courtesy: PTI)

Adani’s wealth has swelled up recently, especially after the onset of the pandemic. For instance, his total wealth stood 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%. 

In last 20 months, the net worth of Gautam Adani saw a spike of over 1808 percent i.e., whopping USD 83.89 billion. In the same period, Mukesh Ambani’s net worth increased by 250 percent i.e., USD 54.7 billion. Earlier, the Bloomberg Billionaire Index had suggested that Adani’s current net worth is USD 88.8 billion which is just USD 2.2 billion less than the net worth of Reliance Industries Limited (RIL) chairman Mukesh Ambani.

According to a ET report, after the recent scrapping of O2C deal, the shares of Reliance Industries stayed under pressure and were quoting 1.07 per cent lower at Rs 2,360.70. Whereas the Adani group stocks were trading higher. 

Adani Enterprises was up 2.94 per cent higher at Rs 1757.70. Adani Ports rose 4.87 per cent to Rs 764.75. Adani Transmission gained 0.50 per cent to Rs 1,950.75 while Adani Power shares also added 0.33 per cent to Rs 106.25.

Gautam Adani Become Asia's Richest person

But on Wednesday (November 24), shares of Reliance Industries Limited dropped by 1.77% while the shares jumped 2.34%, closing in on the difference between the net wealth of Adani and Ambani.

Chairman of Adani Group, Gautam Adani, has replaced Reliance Industries Limited (RIL) chairman Mukesh Ambani to become the richest man in India and Asia for the first time ever. 

Currently, Adani Group operates a slew of companies including Adani Enterprises, Adani Green Energy, Adani Ports & SEZ, Adani Transmission, Adani Total Gas, and Adani Power, among others.

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