Gautam Adani replaces Mukesh Ambani as Asia’s richest person

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Gautam Adani replaces Mukesh Ambani as Asia’s richest person
08 Feb 2022
6 min read

News Synopsis

The founder and the chairman of the Adani Group, Gautam Adani recently dethroned Reliance Industries Ltd. To become Asia’s richest person. Gautam Adani came a long way from a small commodities trading company to a diversified group dealing from mines, energy, ports, airports, infrastructure, and what not. According to Bloomberg Billionaires Index, with a net worth of $88.5 billion left Reliance’s chairman with a net worth of $87.9 billion to grab the top spot. Adani is the biggest wealth gainer this year not only in India but also in the world, accumulating $12 billion. In the past two years, shares of the Adani groups increased by 600% creating enormous wealth not only for the group’s chairman but also for its shareholders. In the last three years, the group has acquired many major airports of the country has bagged some large infrastructure projects as well. Today his f.m.c.g. subsidary comapany- Adani Wilmar also made its debut in Indian market.The share price of Adani Wilmar is trading at a decent price on its opening.

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