Gautam Adani Becomes Asia's Second-Richest After Mukesh Ambani; Know About The Billionaire 

Adani made the most gains this year among the global billionaires after French tycoon Bernard Arnault while the Adani Group chairman is accelerating faster to add more wealth.

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Mumbai: Adani Group chairman Gautam Adani has become the second richest Asian after Reliance Industries chairman Mukesh Ambani as Adani Group firm shares his continue heading north due to rising investors interest. 

Gautam Adani has almost doubled his fortune to $67.6 billion since the beginning of 2021 to become the second richest Asian. 

Adani has added most wealth this year among the global billionaires after French tycoon Bernard Arnault, chairman of LVMH Moet Hennessy Louis Vuitton, the world's largest luxury goods maker. 

Comparatively, Mukesh Ambani, the wealthiest Asian with a personal wealth of Rs $76.3 billion, saw his net worth falling $222 million in the last 24 hours and $398 million since the start of 2021, as per Bloomberg Billionaires Index. 

Still, Mukesh Ambani is richer by $8.7 billion than Gautam Adani, but the Adani Group chairman is accelerating faster to add more wealth, and if the same momentum continues, he may dethrone Mukesh Ambani to become Asia's most prosperous. 

Adani Group Shares Up 

Adani Enterprises shares were trading up 1.3% at Rs 1318 in a firm Mumbai market on Friday morning, valuing the company at Rs 1,45,906 crore. The shares have gone up over 855% since the past year. 

Adani Ports and SEZ (APSEZ) shares were trading up 1% at Rs 773, valuing the company at Rs 157726 crore, more than doubling since last year. 

Adani Power shares were trading up 2% at Rs 102, valuing the company at Rs 39,341 crore, registering over three-fold growth since last year. 

Adani Transmission shares touched the upper circuit of Rs 1455 after its went up by 5% on Friday, valuing it at Rs 1,60044 crore, registering over 700% jump since the last year. 

Adani Total Gas Limited shares touched its 52-week high of Rs 1455 on Friday after gaining 4%, valuing it at Rs 1,52,016 crore, gaining over 1100% since May 2020. 

Adani Green Energy Limited shares were trading up 1.4% at Rs 1287, valuing it 2,01,195 crore, registering a 400% return over last year.

The Adani Group companies are valued at Rs 856228 crore as of Friday compared to a market capitalization of Rs 12,72,326 crore, commanded by Mukesh Ambani-led Reliance Industries (RIL). 

Know The Billionaire 

• Infrastructure tycoon Gautam Adani controls Mundra Port, India's most significant, in his home state of Gujarat.
• His $13 billion (revenue) Adani Group's interests span infrastructure, commodities, power generation, transmission, and real estate.
• Adani owns Abbot Point, a controversial coal mining project in Australia, whose Carmichael coal mine is billed as one of the world's largest.
• In June 2019, Adani got permission to start work on the Australian coal mine after a 9-year wait.
• Adani acquired a 74% stake in Mumbai International Airport, India's second-busiest, in September 2020.
• On Wednesday, Gautam Adani's renewable energy firm has agreed to acquire SB Energy India from SoftBank Group Capital and Bharti Group for an enterprise value of $3.5 billion.