Mukesh Ambani and Gautam Adani
Once again there has been a major upset in the race for wealth between two leading industrialists of India. Gautam Adani has overtaken Mukesh Ambani to become the richest person in Asia. The rise in the shares of Adani Group has taken his wealth to new heights.
How much is the wealth of both the giants?
According to the latest ranking, Gautam Adani’s total wealth has reached $92.6 billion, while Mukesh Ambani’s wealth is estimated at $90.8 billion. With this increase, Adani has now become the richest person not only in India but in entire Asia.
Wealth increased rapidly through shares
There has been a strong rise in the shares of Adani Group in recent times. Especially the company’s strong hold in port, energy and infrastructure sectors has increased the confidence of investors. Due to this, the market value of the group increased by billions of dollars, the direct benefit of which was visible in Adani’s net worth.
expansion of adani group
Adani Group runs the country’s largest private port network and is also expanding rapidly in the field of renewable energy. Apart from this, the company is also playing an important role in airport operation and coal trade, which is strengthening its business.
Ambani’s growth remained limited
On the other hand, the wealth of Reliance Industries Chairman Mukesh Ambani has also increased, but it has been slower than that of Adani. Reliance Industries’ business is spread across many sectors like oil-gas, telecom and retail, but in recent times its growth pace has been relatively slow.
Position in global ranking
According to the Bloomberg Billionaires Index, Gautam Adani is currently ranked 19th in the list of the world’s richest people. At first place in this list is Elon Musk, whose wealth is 656 billion dollars. Larry Page is at second place with $286 billion and Jeff Bezos is at third place with $269 billion.
The race to the top was full of ups and downs
This competition between Adani and Ambani has been going on continuously for the last few years. In 2022, Adani had overtaken Ambani for the first time, but after the report of Hindenburg Research, the shares of Adani Group group declined and Ambani again reached the top. However, now once again on the basis of market boom, Gautam Adani has gained the lead and has taken the crown of Asia’s richest person.
