Gautam Adani surpasses Mukesh Ambani as Asia’s richest person
Gautam Adani has toppled Mukesh Ambani from his perch in the global wealth rankings.
The Gujarat-based billionaire, who has had a magical ride ever since Narendra Modi stormed to power in 2014, has been ranked by the Bloomberg Billionaires Index as the richest man in Asia.
The keenly watched Index estimated the 59-year-old Adani’s net worth at $88.5 billion — $600 million higher than Ambani’s $87.9 billion.
Adani is now the world’s tenth richest man after Oracle founder Larry Ellison.
The battle between the two Indian tycoons has been playing out for sometime. Adani has been on a tear since 2014 as he started to rapidly widen the size of his business empire by snapping up assets from debt-stressed industrialists while pouring money into a gaggle of new ventures.
