Home Business Cloud Mukesh Ambani Overtakes Gautam Adani to Become Asia’s Richest Person

Mukesh Ambani Overtakes Gautam Adani to Become Asia’s Richest Person

Mukesh Ambani Got Richer Amidst The Pandemic
Photo Courtesy: Indian Times

Mukesh Ambani, the head of India’s most prominent company, Reliance, has once again become the wealthiest person in Asia. Earlier it was in the name of Gautam Adani, the owner of the Adani Group. Bloomberg Billionaires Index reports that Ambani is ranked eighth in the list of the world’s top rich, whereas Mr. Adani is now the ninth richest person in the world. However, Adani’s wealth has grown twice as fast as Ambani’s in 2022. So, Mukesh Ambani Overtakes Gautam Adani to Become Asia’s Richest Person.

The report explains that Ambani is in the eighth position with a net worth of $ 9,977 million, and Adani is in the ninth position with a wealth of $ 9,870 million. Although in 2022, Adani’s wealth has increased more than twice as fast as that of Ambani. His wealth has increased by $ 2220 million this year, while Ambani’s wealth has increased by $ 969 million. The rise in Ambani’s net worth is the rise in the shares of Reliance, and the rise in Adani’s net worth is due to the increase in the shares of Adani Group.

Mukesh Ambani was born on April 19, 1956. His established company, Reliance, is one of the Fortune Global 500 companies and the most powerful in India as per the market value. Reliance mainly deals with refining, petrochemicals, oil, gas, and many other sectors. In addition, Reliance Retail Limited, a subsidiary of Reliance, is the largest retailer in India.

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