June 30, 2022

Mukesh Ambani regains richest Asian tag, surpasses Gautam Adani – Times of India

NEW DELHI: Reliance Industries chairman Mukesh Ambani on Wednesday regained the richest Asian tag, a day after billionaire Gautam Adani had surpassed him for the top spot.
As per the global ranking of billionaires given by Bloomberg, with a total net worth of $89.2 billion, Ambani is placed at the 10th spot, while Adani dropped 1 place to the 11th.
In the last few months, Adani and Ambani have been swapping positions for the top spot on the billionaires rankings.

Just a day ago, Adani — who turned a small commodities trading business into a conglomerate spanning ports, mines and green energy — had become the richest person in Asia with a net worth of $88.5 billion. On the same day, Ambani’s wealth stood at $87.9 billion.
However, shares of some of Adani’s group companies finished lower on the bourses today while, Reliance stock has remained in green since yesterday.
As a result, Adani’s net worth dropped by $2.16 billion and he slipped back to the 11th spot in global billionaires list.
Meanwhile, Mukesh Ambani gained $1.33 billion during the day and made its place back to the world’s top 10 rich list.
However, both Adani and Ambani continue to remain above Binance CEO Changpeng Zhao, french billionaire Francoise Bettencourt Meyers and Facebook co-founder Mark Zuckerberg.
Interestingly, with almost $12 billion jump in his personal fortune, Adani is the world’s biggest gainer this year.
The wealth gap between the two richest Indians narrowed amid the pandemic. While, Adani’s net worth soared 894 per cent since the Covid outbreak, Ambani jumped 72 per cent.

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