Business
India’s Gautam Adani overthrows Mukesh Ambani as Asia’s richest billionaire
The 59-year-old founder of the Adani Group controls companies ranging from ports and aerospace to thermal energy and coal, and now has a net worth of $ 88.5 billion, according to Bloomberg Billionaires Index.
Like other billionaires around the world, Adani has seen his fortune skyrocket during the pandemic. He was worth less than $ 40 billion at this time last year. With this massive top, he has bypassed India’s energy-to-technology founder Mukesh Ambani, to become the world’s 10th richest person.
Adani Group has performed exceptionally well in the Indian stock market during pandemic. Shares of Adani Enterprises have risen more than 1000% on the Mumbai National Stock Exchange since June 2020, a sign that investors are optimistic about Adani’s ability to invest in sectors such as infrastructure and renewable energy, which is key to Prime Minister Narendra Modis financial situation. development goals.
Ambani, which controls Reliance Industries, is now in the Bloomberg index 11th place with a net worth of $ 87.9 billion.
This was not the only upheaval the billionaire ranking has seen recently. Last week, Meta (FB), the parent company of Facebook, saw a historic collapse in the stock market, which has wiped out more than $ 30 billion of Mark Zuckerberg’s personal fortune. The CEO and co-founder of Meta is now in 13th place on the Bloomberg Billionaires Index.
