Adani Is Now Asia’s Richest Person

Adani Group’s owner Gautam Adani has beaten Mukesh Ambani to become the richest man in India and Asia. According to experts, this is based on the group’s market value. According to experts, the stock prices of Adani’s companies have soared, including Adani Total Gas, Adani Ports, and Adani Green. 

Year-to-date, Gautam Adani’s wealth has increased by 55 billion U.S. dollars, while Mukesh Ambani’s wealth has increased by 14.3 billion U.S. dollars. At the same time, Reliance’s stock has seen some losses in the past few days. The two billionaires have been fighting for the position of the richest man in Asia.

For six years, the Ambani family has been hailed as the richest man in Asia. However, on November 24, 2021, after businessman Gautam Adani replaced Mukesh Ambani as the richest man in Asia, everything changed. According to the latest reports, Gautam Adani’s net worth has increased sharply since April 2020.

What is in the report?

There are reports that he may overthrow the Ambani family. For those who don’t know, Gautam Adani is the founder and chairman of Adani Groups. Recently, one of the group’s companies, Adani Transmission Limited, won three awards in the Federation of Indian Industries, the first-ever operational sustainability conference, and competition. 

According to a report in the Economic Times, the share price of Reliance Industries continued to be under pressure, with the offer price falling 1.07% to Rs. 2,360.70. On the other hand, Adani Group’s stock trading is higher.

A few weeks ago, there were reports that Ambanis was moving out of India. A report at noon revealed that Ambani’s experience of spending the lockdown period among Bangladeshi buyers led them to build a new home for them. Therefore, they decided to buy their property in London, which is their new lair, at a price of 592 billion rupees earlier this year.

However, Reliance Group denied all these speculations. In a media statement, Reliance stated that Mukesh Ambani and his family do not plan to move to London or anywhere else in the world. The group also revealed that the purchase of the property was to upgrade it to a first-class sports and golf resort.