According to Bloomberg Billionaires Index data, this businessman is now Asia's and India's richest person.
According to the market valuation of Adani bunch firms, industrialist Gautam Adani, the founder and administrator of Adani Group, has now become the wealthiest individual in India and Asia.
What is Gautam
Adani's background?
Gautam Adani is the founder and administrator of the Adani Group, India's largest port administrator. According to Forbes, he is also the owner of Abbot Point, an Australian coal mining project that has been dogged by controversy. the richest man in Asia
In particular, starting April 2020, Adani's overall assets have grown significantly. His total assets were $4.91 billion on March 18, 2020. Within 20 months, his entire assets had increased by 1808 percent to $83.89 billion. Mukesh Ambani's total assets increased by 250 %, as a result of the correlation.
On November 11 this year, Adani Transmission Limited (ATL), one of the group's firms and India's largest private sector power transmission and retail distribution company, won three honors at the Confederation of Indian Industry's first-ever Operational Sustainability Conference-cum-Competition.
ATL received two honors in the category of Economic Sustainability: a Platinum Award for Green Energy Adoption for its case study on auxiliary consumption and a Gold Award for its case study on Remote (Central) Operation with Cluster-Based Maintenance. ATL also received a Silver Award in the category of Environmental Sustainability for their case study on Substation Greening. richest man in Asia
Gautam Adani succeeds MukeshAmbani as
Asia's wealthiest man.
Gautam Adani, a billionaire, beats Mukesh Ambani on Wednesday to become India's and Asia's richest person. In 2021, Adani added $55 billion to his fortune, compared to $14.3 billion for Mukesh Ambani.
According to Bloomberg's Billionaires Index, Mukesh Ambani, with a net worth of $91 billion, is Asia's richest person, while Gautam Adani, with a fortune of $88.8 billion, is $2.2 billion behind him.
At the time of writing this article, Gautam Adani had surpassed MukeshAmbani in net worth due to the rise in shares of Adani Group listed companies on Wednesday and the fall in Reliance Industries shares.
Reliance shares fell further on Wednesday as the $15 billion deal with Saudi Aramco to buy a 20% stake in Reliance's oil-to-chemicals (O2C) company fell through.
On the BSE on Wednesday, Reliance shares slid another 1.48 percent to settle at Rs 2,350.9, wiping off Rs 22,000 crore in investor wealth and making MukeshAmbani anRs 11,000 crore loser. Reliance Industries' market capitalization was Rs 14.91 trillion on Wednesday, making it India's most valuable company. Mukesh Ambani's second publicly traded firm, Reliance Industries Infrastructure, slid 1.57 percent to Rs 613.85, valuing it at Rs 9,26.91 crore.
Adani Group companies, on the other hand, increased their gross market capitalization by Rs 12,000 crore and their net market capitalization by Rs 4,250 crore, becoming GautamAdani Asia's richest man.
On Wednesday, Adani Enterprises' stock rose 2.76 percent to settle at Rs 1754.65, valuing the business at Rs 192,798 crore.
Adani Port and SEZ's stock rose 4.59 percent to Rs 762.75, valuing the company at Rs 1,55,734.62 crore. Adani Power closed at Rs 105.95, valuing the company at Rs 40,864.27 crore.
Adani Transmission, Adani Green Energy, and Adani Total Gas all lost 0.85 percent, 1.37 percent, and 1.58 percent, respectively, to close at Rs 1924.45, Rs 1387.7, and Rs 1,648.35.
Although the overall market value of the listed Adani Group enterprises is Rs 10 trillion, compared to Rs 14.91 trillion for Reliance Industries, Gautam Adani is wealthier than MukeshAmbani due to his greater promoter holding in his listed group firms. the richest man in Asia
So you saw how GautamAdani has made the impossible possible by leaving behind Mukesh Ambani. The same is the case with VVM Coin which will shine overnight, leaving behind all the leaders in the field of cryptocurrency.