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Mukesh Ambani has seized the title of the richest Indian and Asian again from the Adani conglomerate’s boss, Gautam Adani. Ambani saw a surge in his net worth as Reliance Industries shares rallied, adding a cool $2.76 billion to his net worth. This also enabled the telecom-power tycoon’s re-entry into the centi-billionaire club on both Forbes and Bloomberg’s indices.
Asia’s richest person, Mukesh Ambani, has once again joined the centibillionaire club https://t.co/VIXIgFGG45
— Bloomberg (@business) January 11, 2024
Asia’s richest person, Mukesh Ambani, has once again joined the centibillionaire club https://t.co/BCPnB1PkIU pic.twitter.com/oX621VRANg
— Bloomberg (@business) January 12, 2024
Mukesh Ambani’s company Reliance was the second largest business conglomerate in terms of market cap in 2023, at Rs 19.4 trillion, with Adani Enterprises sliding to third position with a Rs 14.2 trillion market cap. TCS of the Tata group reigned supreme with a market cap of Rs 28.7 trillion.
Tata Group remained India’s largest business conglomerate in Mcap in 2023 while the Mukesh Ambani camp raced ahead of the Adani businesses to become the second-largest.@KantKrishna30 #TataGroup #Mcap #RIL #AdaniGroup #marketcapitalisationhttps://t.co/fKVhGliMAN pic.twitter.com/8t6l3M7BhH
— Business Standard (@bsindia) January 8, 2024
On the Forbes Real Time Billionaire index, the 66-year-old Reliance boss is ranked 11 with a net worth of US$106 billion. 61-year-old Gautam Adani, with a net worth of US$79.5 billion, ranks 16th on the same index. Meanwhile, on the Bloomberg Billionaires Index, Adani ranks 14th with a net worth of US$ 96.2 billion, while Ambani is ahead of his Gujarati counterpart, ranked 12, with a net worth of US$102 billion. Meanwhile, Zhong Shanshan of Beverages Pharmaceuticals in China is the second richest Asian with a net worth of $62.2 billion, ranked at 21. Elon Musk (Tesla, SpaceX), Bernard Arnault & family (LVMH), and Jeff Bezos (Amazon) are still the top three billionaires with a net worth of $236.1 billion, $181.2 billion, and $177.4 billion, respectively. Mark Zuckerberg now ranks 5th with a net worth of $130 billion, whereas philanthropist billionaire Bill Gates is in 7th with a net worth of $119.7 billion.
See Also: Ambani Vs Adani: The Stage Is Set For The Biggest Business Rivalry
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