Adani Group Chairman Gautam Adani, with $109 billion net worth, is now the eighth richest person in the world, overtaking Oracle’s Larry Ellison and former Micosoft CEO Steve Ballmer, according to Bloomberg’s real-time billionaires index.
This year Adani‘s net worth has increased by over USD 32 billion, which is the highest in the list of one-year wealth of the top rich.
The Adani Group controls companies ranging from ports and aerospace to thermal energy and coal.
Reliance Industries Chairman Mukesh Ambani slipped to 11th position on the index, with a $97.7 billion fortune. He has added over $7.72 billion to his wealth so far this year, as per Bloomberg Billionaires Index.
While according to Forbes’ Real-Time Billionaires list, the Adani group chief stands at 9th position with $109.8 billion net worth. The 59-year old Indian businessman briefly rose to the sixth spot, thanks to significant gains in the shares of his companies. But, he was soon back to 9th slot on the Forbes‘ index.
Mukesh Ambani continued to grab the 10th slot on the Forbes‘ richest individuals in the world list with $98.8 billion fortune.
In the last few months, Adani and Ambani have been swapping positions for the top spot on some of the billionaire indexes.
Both Ambani and Adani are leading India’s charge into green energy with multi-billion dollar investments planned for the next decade or so.
Adani Power’s stock has surged over 120 percent in little over one month and Adani Wilmar gained more than 87 percent in the same period.
