Gautam Adani Becomes Richest Man in Asia
Indian businessman Gautam Adani has become the richest person in Asia.
Forbes is a business magazine. They release lists of World’s Richest Billionaires, Richest Billionaires in Asia and many other ranking lists like World’s 100 Most Powerful Women, World’s Highest-Paid Entertainers, World's Top 50 Women In Tech etc. Within this they have a category where they see the daily minute to minute profits and losses of these billionaires. According to this, the ranking of the billionaires changes on a day to day basis. This is called as Forbes' Real-Time Billionaires rankings. So according to Forbes' Real-Time Billionaire calculations, on Thursday 3rd February, Indian businessman Gautam Adani became the richest person in Asia with a net worth of $90.1 billion. He has also become the 10th richest person in the world. Adani narrowly surpassed the head of Reliance Industries Mukesh Ambani to become Asia's richest person. Forbes' data also suggested that Mukesh Ambani's net worth fell by $2.2 billion in a day, bringing his net worth down to $89 billion. Adani also surpassed Mark Zuckerberg, whose company 'Meta' witnessed a crash of about $230 billion. He also lost $30bn of his personal fortune last week. It’s a remarkable rise for Adani, age 59, a college dropout who started a commodity export firm in 1988. Back in 2008, he appeared on Forbes’ list of the World’s Billionaires worth $9.3 billion. Adani group includes a bunch of businesses ranging from power generation and transmission, edible oil, real estate, ports, coal etc.
Adani’s wealth has swelled up recently, especially after the onset of the pandemic. For instance, his total wealth stood at around $4.91 billion on March 18, 2020. As of now, his net wealth has touched nearly $90 billion - a rise of more than 1800%. The current world's richest, Elon Musk's net worth declined by $3.3 billion in a day, yet he redeemed his no.1 spot on the world scale for the richest.
