Gautam Adani, the founder and chairman of the Adani Group, surpassed Mukesh Ambani, the chairman of Reliance Industries Limited (RIL), to become India’s and Asia’s richest person on Wednesday.
Gautam Adani became Asia’s richest person, surpassing Mukesh Ambani based on group market cap.
With the rise in shares of Adani Group listed firms on Wednesday and the fall of Reliance Industries shares, Gautam Adani has overtaken Mukesh Ambani in the net worth game.
Adani’s wealth swelled up recently, especially after the onset of covid-19 pandemic, with a rise of 1800%. Mukesh Ambani’s net wealth has taken a slight hit after Reliance Industries Limited scrapped a deal with Saudi Aramco.