Gautam Adani surpasses Mukesh Ambani, becomes Asia's richest person

Gautam Adani, founder and chairman of Adani Group on Wednesday replaced Reliance Industries Limited (RIL) chairman Mukesh Ambani to become the richest person in Asia. According to the reports, Adani's net worth increased drastically since April 2020. On 18 March 2020, his net worth was USD 4.91 billion.

In last 20 months, the net worth of Gautam Adani saw a spike of over 1808 percent i.e., whopping USD 83.89 billion. In the same period, Mukesh Ambani's net worth increased by 250 percent i.e., USD 54.7 billion. Earlier, the Bloomberg Billionaire Index had suggested that Adani's current net worth is USD 88.8 billion which is just USD 2.2 billion less than the net worth of Reliance Industries Limited (RIL) chairman Mukesh Ambani.

According to a ET report, the shares of Reliance Industries stayed under pressure after the recent scrapping of O2C deal and were quoting 1.07 per cent lower at Rs 2,360.70. Whereas the Adani group stocks were trading higher.

Adani Enterprises was up 2.94 per cent higher at Rs 1757.70. Adani Ports rose 4.87 per cent to Rs 764.75. Adani Transmission gained 0.50 per cent to Rs 1,950.75 while Adani Power shares also added 0.33 per cent to Rs 106.25.