New Delhi, April 17 (UNI) Gautam Adani surpasses Mukesh Ambani to become Asia’s richest person, fueled by gains in Adani Group stock values. Adani’s wealth stands at $92.6 billion, while Ambani’s is about $90.8 billion, according to the Bloomberg Billionaire Index. Both tycoons are among the top 20 richest people in the world.”
Mukesh Ambani had long held the position, and now follows closely. While the gap remains narrow, the change highlights the volatile nature of global wealth movements.
Adani’s rise has been supported by steady gains in his group’s stock performance this year, adding $8.1 billion to his fortune. In contrast, Ambani has faced a decline of $16.9 billion in his net worth over the same period, reflecting mixed trends in Reliance Industries’ market performance.
As per Bloomberg Billionaire Index, seven of the top 20 billionaires have recorded declines this year. Bernard Arnault has seen the sharpest drop, losing $44 billion. Others facing setbacks include Steve Ballmer, Larry Ellison, Bill Gates, Warren Buffett, Amancio Ortega, and Mukesh Ambani.
Globally, Elon Musk continues to dominate the global rankings with a net worth of $656 billion, followed by Larry Page at $286 billion. Other names in the top 10 include Jeff Bezos, Sergey Brin, Mark Zuckerberg, Larry Ellison, Michael Dell, Jensen Huang, Bernard Arnault, and Jim Walton.
Shares of billionaire Gautam Adani-backed Adani Enterprises rose as much as 2.17% to hit an intraday high of Rs 2,190.90 on the National Stock Exchange (NSE), and on the BSE, Adani Enterprises shares advanced as much as 2.09%.
This comes after global investment firm Jefferies in a note said that its copper and road business will see a ramp up during the current financial year.
A sectoral analysis of the index shows that technology entrepreneurs continue to dominate the global rich list, while industrials, energy and retail billionaires have seen relatively higher volatility in their net worth.
Lakshmi Mittal ranked 62nd globally with a net worth of $36.9 billion while HCL founder Shiv Nadar stood at the 70th position with $33.5 billion, followed by Shapoor Mistry and family at 71st with $33.2 billion.
