Mukesh Ambani and Gautam Adani are the topmost richest billionaires of India who go toe to toe each time. On Wednesday, billionaire Gautam Adani surpasses Mukesh Ambani and now has become Asia’s richest person. Moreover, Adani was able to add $55 billion to his wealth in 2021 in comparison with Mukesh Ambani who was able to make $14.3 billion.
According to Bloomberg’s Billionaires Index, Mukesh Ambani was ranked as Asia’s richest person with a net worth of $91 billion. Whereas, Gautam Adani was ranked second with a net worth of $88.8 billion and was trailing Ambani by $2.2 billion.
Gautam Adani was able to overtake Mukesh Ambani in the net worth game. On Wednesday, Adani Group experienced a rise in shares, and Reliance Industries shares did fall this time. Reliance Industries experienced a fall of the $15 billion deal with Saudi Aramco by a 20 percent stake in Reliance’s oil-to-chemicals (O2C) business.
Not only this, Reliance’s shares did fall by 1.48 percent on the BSE and closes at Rs. 2,350.9. It was able to wipe out Rs. 22,000 crore of the investor’s wealth which results in making Mukesh Ambani poorer by Rs. 11,000 crores.
On Wednesday, Reliance market capitalization pegs at Rs. 14.91 trillion. Also, Mukesh Ambani owns Reliance Industries Infrastructure and it also fell by 1.57 percent to Rs. 613.85, valuing it at Rs. 926.91 crores.
Gautam Adani Becomes Asia’s Richest Person
Whereas, Adani Group firms were able to add Rs 12,000 crores in their gross market capitalization and Rs. 4,250 crores to their net market capitalization. This makes Gautam Adani Asia’s richest person currently. Also, shares of Adani Enterprises gain 2.76 percent and close at Rs. 1,754.65 in the market. It values the company at Rs. 192,798 crores.
Also, Adani Port and SEZ shares gain 4.59 percent and close at Rs. 762.75 which values it at Rs. 1,55,734.62 crores. On Wednesday, Adani was able to close marginally at Rs. 105.95 and valuing it at Rs. 40,864.27 crores.
Shares of Adani Transmission sunk by 0.85 percent, Adani Green Energy sunk by 1.37 percent, and Adani Total Gas fell by 1.58 percent and closes at Rs. 1924.45, Rs. 1387.7, and Rs. 1648.35, respectively.
In comparison with Reliance Industries’ market capitalization of Rs. 14.91 trillion, the total market capitalization of all the listed Adani Group firm pegs at Rs. 10 trillion. However, Gautam Adani’s higher promoter holding in his listed group firms makes him richer than Mukesh Ambani.