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Gautam Adani Dethrones Mukesh Ambani as Asia's Richest Person

Gautam Adani has surpassed Mukesh Ambani to claim the title of Asia's richest person, ranking 19th globally with a net worth of $92.6 billion. Mukesh Ambani now holds the 20th global position with $90.8 billion. The Adani Group, a diversified infrastructure conglomerate, is expanding into consumer-facing businesses and has a market capitalization exceeding $150 billion. Globally, Elon Musk remains the wealthiest individual, followed by other tech magnates like Larry Page and Jeff Bezos.

Key Points: Gautam Adani Now Asia's Richest, Overtakes Mukesh Ambani

  • Adani's net worth hits $92.6B
  • Ambani now 20th globally at $90.8B
  • Adani Group's market cap exceeds $150B
  • Global list led by Elon Musk
2 min read

Gautam Adani overtakes Mukesh Ambani to become Asia's richest person on Bloomberg Billionaires Index

Gautam Adani surpasses Mukesh Ambani on the Bloomberg Billionaires Index with a $92.6B net worth, becoming Asia's wealthiest person.

"India's first founder and first-generation entrepreneur to lead a business group to a market capitalisation of over USD 200 billion. - Adani Group"

New Delhi, April 17

Gautam Adani has overtaken Mukesh Ambani to become Asia's richest person, according to the latest data from the Bloomberg Billionaires Index.

As per the rankings released on Friday, Gautam Adani, Founder and Chairman of the Adani Group, now ranks 19th globally with a net worth of USD 92.6 billion. In comparison, Mukesh Ambani, Chairman of Reliance Industries, stands at the 20th position with a net worth of USD 90.8 billion.

The development comes as Adani's net worth witnessed a surge, helping him move ahead of Ambani in the global wealth rankings.

Globally, Elon Musk continues to lead the richest person list, holding the top position with a net worth of USD 656 billion. He is followed by Larry Page (Cofounder and board member, Alphabet) at USD 286 billion and Jeff Bezos (Amazon) at USD 269 billion.

Other prominent names in the global rankings include Mark Zuckerberg (Meta) and Larry Ellison (Co-founder of software giant Oracle), reflecting the continued dominance of technology entrepreneurs among the world's richest individuals.

Adani Group, led by Gautam Adani, is India's largest integrated infrastructure group and has been expanding its footprint across multiple sectors. Traditionally focused on B2B segments, the group is increasingly entering B2C businesses.

The group's diversified portfolio includes transport logistics, integrated energy infrastructure spanning generation, transmission and distribution, natural resources, airports, defence and aerospace, data centres, cement, media, roads, rail, metro, real estate, urban redevelopment, food FMCG, digital platforms and business incubation.

According to the Adani Group, Gautam Adani is India's first founder and first-generation entrepreneur to lead a business group to a market capitalisation of over USD 200 billion. He is contributing USD 7 billion to help upgrade healthcare, education, and skill development in rural India. He has also committed USD 70 billion to facilitate India's green energy transition.

With a combined current market cap of over USD 150 billion, the Adani Group is a portfolio of twelve publicly traded companies that follow the synergetic philosophies of Nation Building and Growth with Goodness.

- ANI

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Reader Comments

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Sarah B
Interesting to see the shift. While their wealth is staggering, I hope their focus on infrastructure and green energy translates into more jobs and sustainable growth for the common person. The $70 billion for green transition is a massive commitment.
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Rohit P
Adani's rise is a classic rags-to-riches story. From a small trader to Asia's richest! It shows what's possible in India. But honestly, the gap between them and us is mind-boggling. Musk at $656B? That's another universe.
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Priya S
Respectfully, while we celebrate their success, we must also ask if such extreme concentration of wealth and market power in a few conglomerates is healthy for long-term competition and innovation in our economy. Just a thought.
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Michael C
The diversification of the Adani Group is incredible. Airports, data centres, defence, FMCG... they are into everything. It's like a modern-day East India Company in terms of scale and reach across sectors.
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Kavya N
Good to see Indian names among the global elite. But let's not forget the real wealth of a nation is its people. I hope their philanthropic pledges for healthcare and education are implemented effectively at the ground level. 🤞

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