Gautam Adani, founder and Chairman of Adani Group, on Wednesday replaced Reliance Industries Limited (RIL) Chairman Mukesh Ambani to become Asia’s richest person.
According to the reports, Adani’s net worth increased drastically since April 2020. On March 18, 2020, his net worth was US $ 4.91 billion.
In last 20 months, the net worth of Adani saw a spike of over 1808 percent i.e., whopping US $ 83.89 billion. In the same period, Ambani’s net worth increased by 250 percent i.e., US $ 54.7 billion.
Earlier, the Bloomberg Billionaire Index had suggested that Adani’s current net worth is US $ 88.8 billion, which is just US $ 2.2 billion less than the net worth Ambani.
According to a ET report, after the recent scrapping of O2C deal, the shares of Reliance Industries stayed under pressure and were quoting 1.07 percent lower at Rs.2,360.70. Whereas the Adani group stocks were trading higher.