Gautam Adani, the Indian billionaire has now become Asia’s richest person as per Bloomberg Billionaires Index.
Adani has overtaken Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani to enter into the top 10 of the world’s richest man, according to Bloomberg Billionaires Index after his fortune reached $88.5 billion.
With an almost $12 billion jump in his personal fortune, Adani is the world’s biggest wealth-gainer this year.
Further, some of the entities listed stocks have jumped over 600 per cent in the past two years, and Adani’s focus on green renenewable energy has paid off handsomely in the past year .
“The Adani Group has spotted and entered all the happening sectors at the right time, which has appealed to a select band of foreign portfolio investors,” Deepak Jasani, head of retail research at Mumbai-based brokerage HDFC Securities Ltd, told Bloomberg.
At present, Adani owns 12 ports and plans to be the world’s biggest ports operator by 2030, and he has emerged as India’s infrastructure king.
Meanwhile, the tycoon’s Adani Wilmar IPO lists on Tuesday and this should give the billionaire’s fortunes a further lift.
Also Read: Mukesh Ambani Stays India’s Richest Person For 13th Year With $88.7 Billion Fortune
Ms Kalinga