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GAUTAM ADANI

How THIS businessman became India, Asia's richest man
Billionaire Gautam Adani on Wednesday surpassed Mukesh Ambani and has become India’s and Asia’s richest person. Adani added $55 billion to his wealth in 2021 compared to $14.3 billion added by Mukesh Ambani.
Mukesh Ambani, with a net worth of $91 billion, was ranked as Asia’s richest according to Bloomberg's Billionaires Index, while Gautam Adani with a fortune of $88.8 billion was trailing Ambani by $2.2 billion.
Adani is founder of Adani Group, the largest port operator in India. The Ahmedabad, India-based infrastructure group is also India's largest closely held thermal coal producer and largest coal trader. Adani Enterprises, the group's listed trading house, reported revenue of $5.3 billion in the year to March 31, 2021.
worth is within touching distance of Mukesh Ambani.
On Thursday, Adani’s net worth stood at $89.1 billion on the Bloomberg Billionaires Index, just 0.6 billion less than Reliance Industries Limited (RIL) chairman Mukesh Ambani’s 89.7 billion.
It may be noted that Ambani’s wealth has fallen $1.32 billion from yesterday, while Gautam Adani saw a $375 million rise in net worth.
There are chances that Gautam Adani could surpass Mukesh Ambani’s net worth over the next few days, depending on how the shares of his conglomerate's listed companies perform on the stock market over the next few days.
As of today, RIL shares were up 5.41 per cent on the Bombay Stock Exchange at around 12:15 pm, while listed firms under Adani group companies were trading lower.
GAUTAM ADANI'S STELLAR RISE IN 2021
Earlier this year, Gautam Adani had come close to surpassing Mukesh Ambani’s net worth as the shares of his listed companies zoomed. It may be noted that Adani’s net worth increased $55 billion year-to-date (YTD), compared to Ambani’s $13 billion.

Mukesh Ambani has $91 billion and was ranked as Asia’s richest according to Bloomberg’s Billionaires Index, while Gautam Adani net worth was $88.8 billion!
Gautam Adani has surpassed Mukesh Ambani in terms of net worth following the rise in shares of Adani Group listed companies on Wednesday and the fall in Reliance Industries shares.
Fall Of Reliance Industries Shares 
Reliance shares fell further on Wednesday as the $15 billion deal with Saudi Aramco to buy a 20% stake in Reliance’s oil-to-chemicals (O2C) company fell through.
The ongoing rise in market capitalization of Adani Enterprises, Adani Green, Adani Total Gas, Adani Power, Adani Gas, and Adani Transmission is one of the key reasons for Adani’s rising net worth.
 The combined market capitalization of these companies together is more than Rs 8 trillion based on Thursday’s report.


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