This Indian Surpasses Mukesh Ambani to Become Asia’s Richest Person | List of India’s Richest Billionaires

Among the other prominent Indian names in the billionaires' index are Wipro chairman Azim Premji (34th place), HCL founder Shiv Nadar (54th place).

New Delhi: 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 18 March 2020, his net worth was USD 4.91 billion.

In last 20 months, the net worth of Gautam Adani saw a spike of over 1808 percent i.e., whopping USD 83.89 billion. In the same period, Mukesh Ambani’s net worth increased by 250 percent i.e., USD 54.7 billion. Earlier, the Bloomberg Billionaire Index had suggested that Adani’s current net worth is USD 88.8 billion which is just USD 2.2 billion less than the net worth of Reliance Industries Limited (RIL) chairman Mukesh Ambani.

According to a Economic Times report, after the recent scrapping of O2C deal, the shares of Reliance Industries stayed under pressure and were quoting 1.07 per cent lower at Rs 2,360.70. Whereas the Adani group stocks were trading higher.

Adani Enterprises was up 2.94 per cent higher at Rs 1757.70. Adani Ports rose 4.87 per cent to Rs 764.75. Adani Transmission gained 0.50 per cent to Rs 1,950.75 while Adani Power shares also added 0.33 per cent to Rs 106.25.

Here are the top 10 richest Indians to feature on the list this year:

• Gautam Adani
• Mukesh Ambani
• Shiv Nadar
• SP Hinduja
• Lakshmi Mittal
• Cyrus Poonawalla
• Radhakishan Damani
• Vinod Shantilal Adani
• Kumar Mangalam Birla
• Jay Chaudhry

As pointed out by the online publication Moneycontrol, the Adani Enterprises chairman went past the Reliance Industries chairman on the basis of the group market cap.

Among the other prominent Indian names in the billionaires’ index are Wipro chairman Azim Premji (34th place), HCL founder Shiv Nadar (54th place) and D-Mart founder Radhakishan Damani (64th place).