Gautam Adani surpasses Mukesh Ambani to become the richest person in Asia

Due to rise in Adani’s share and fall in Reliance industries’ shares, Gautam Adani surpasses Mukesh Ambani. As of today, Adani has a net worth of $8,290 crores. Adani group is a multinational conglomerate. It is multi industry company where in a combination of different business entities operating in entirely different industries but under one corporate group. Adani Enterprises, Adani green, Adani ports & SEZ, Adani Power, Adani Transmission and Adani total gas are different industries under Adani Group of industries. Chairman of Adani groups, Gautam Adani becomes the richest man in India and Asia leaving behind chairman of Reliance Industries (RIL), Mukesh Ambani for the first time ever. There was a drastic change in Gautam Adani’s income since April 2020. His net worth increased significantly on onset of the pandemic and after the blockbuster performance of his renewable energy company, Adani greens and even other companies. His total wealth stood at $4.91 billion in April,2020  and as of today his net worth has touched nearly $90 billion and that is a significant increase of more than around 1800%. Adani’s net worth took a hit as Reliance Industries scrapped off its deal with Aramco, a Saudi Arabian public petroleum and natural gas company based in Dhahran. Earlier, Bloomberg’s index showed Adani’s net worth at $88.8 billi0n and Ambani’s net worth was at $91 billion. Adani was $2.2 billion behind Ambani but shares of Reliance Industries Limited (RIL) dropped around 1.77% due to cancellation of its deal with Aramco and Adani’s share took a hit which led to an increase in his net worth.