Gautam Adani crosses ‘wall of China’, again threat to Mukesh Ambani’s empire

The net worth of Gautam Adani, India and Asia’s second-largest rich and chairman of Adani Group, has once again started growing rapidly. With this, he is fast moving forward in the list of the world’s rich. According to the Bloomberg Billionaires Index, Adani is currently at number 14 with a net worth of $ 67.1 billion. Earlier on June 14, $ 77 billion was reached and he had become a threat to Asia’s richest man Mukesh Ambani. But after this, his net worth declined due to the fall in the shares of Adani Group and he slipped to 25th place in the list of rich.

Adani Group shares rise

Shares of two companies of Adani Group touched the upper circuit of 5 percent on the BSE on Monday. Adani Transmission’s stock has climbed 67 percent in the last month. Shares of other Adani Group companies also rose today. Adani Power shares 4.98 percent, Group’s flagship company Adani Enterprises shares 0.40 percent, Adani Ports and Special Economic Zone shares 0.17 percent, Adani Green Energy (Adani Green Energy) shares rose 0.85 percent. This boosted Adani’s net worth by $1.93 billion.

Shares fell due to media reports

Shares of Gautam Adani companies had reached a 52-week high three months ago. But due to a report in the media, the shares of Adani Group had fallen. It was claimed in this report that the National Securities Depository Ltd has frozen the accounts of three foreign funds. He holds more than Rs 43,500 crore worth of shares in 4 companies of the Adani Group. Adani Group, however, denied this report.

Ambani ranked 12th

Mukesh Ambani, the biggest rich in Asia and India and the chairman of Reliance Industries, has long been ranked 12th in the list of the world’s rich. According to the Bloomberg Billionaires Index, his net worth is $87.5 billion. His net worth has increased by $10.8 billion this year. Shares of Reliance had gained 1.94 percent on Monday. The company’s stock had reached a record level of Rs 2,369 on 16 September 2020. With this, Ambani’s net worth had reached 90 billion dollars and he came in fourth place in the list of the world’s rich. But after that the fall in the shares of the company reduced his net worth and he was out of the top 10.

Who is between Ambani and Adani?

Ambani is at number 12 and Adani at number 14 in the list of the world’s rich. Gautam Adani has again become number two in Asia, leaving behind China’s Zhong Shanshan. Adani’s net worth has increased by $33.3 billion this year. On the other hand, Zhong Shanshan’s net worth has decreased by $ 12.6 billion this year and has slipped to number 16 in the list of the rich. Amancio Ortega of Spain is now left between Ambani and Adani. He is at number 13 with a net worth of $74.1 billion.

Musk on top

According to the Bloomberg Billionaires Index, Tesla CEO Elon Musk is the world’s richest man with a net worth of $198 billion. Amazon’s Jeff Bezos is also second in this list with a net worth of $ 198 billion. Bernard Arnault ($162 billion), French businessman and chairman of the world’s largest luxury goods company LVMH Moët Hennessy, is third on the list. Microsoft co-founder Bill Gates ($152 billion) is at number four.

9 of America in top 10

American media giant and Facebook CEO Mark Zuckerberg is at fifth place with a net worth of $141 billion. American computer scientist and Internet entrepreneur Larry Page sixth with $129 billion, Google co-founder Sergey Brin seventh with $124 billion, American businessman and investor Steve Ballmer at $108 billion. With a net worth of $104 billion, noted investor Warren Buffett is at the ninth position and Larry Ellison is at the tenth position with a net worth of $103 billion. 9 out of the top 10 rich people in the world are from America.