Mirror Mirror On The Wall, Who Is The Richest Of Them All?2 min read

February 12, 2022
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Mirror Mirror On The Wall, Who Is The Richest Of Them All?2 min read

Mukesh Ambani and Gautam Adani were similar even back then, both dropped out of college. Today, both these billionaire’s, both from Gujarat, are vying for the one thing that only one of them can hold the title of the “Asia’s Richest”.

This week was dramatic, at least for us folks following money and the stories around it closely. 

On February 8, 59-year old Gautam Adani became the richest person in Asia, overtaking fellow countryman Mukesh Ambani, according to the Bloomberg Billionaires Index. 

Adani had a stellar 2021 performance with an almost $12-billion jump in his personal fortune. He has managed to turn his small commodities trading business into a conglomerate spanning ports, mines and green energy, enjoyed the Asia’s richest person title for a day.

This position was however short-lived and within two days, the cards turned and Ambani regained the position after Reliance Industries stock surged whereas stocks of Adani Energy Businesses plunged for two days straight in a row.

Now after a gap of two days, Billionaire businessman Mukesh Ambani is again ruling the status of Asia’s richest person. 

Going by the latest numbers, Mukesh Ambani is currently enjoying the 10th spot on the Bloomberg Billionaires Index global list with a net worth of $89.2 billion. Ambani’s net worth has surpassed Gautam Adani’s $86.3 billion.

The founder of Adani Group is back  on 11th position on Bloomberg’s list and holds the title  of the second richest man in Asia.

How do they compare to  the world’s Richest?

The Bloomberg Billionaires Index has been topped by Elon Musk with a net worth of $238 billion. Musk is followed by Jeff Bezos ($186 billion), then by Bernard Arnault ($166 Billion), Bill Gates ($129 billion), and Larry Page ($124 billion).

But well, our Indian moguls Mukesh Ambani and Gautam Adani are still richer than Mark Zuckerberg who’s recently lost $29 billion in net worth as Facebook owned Meta Platforms Inc’s stock marked a record one-day plunge following a disappointing earnings forecast.


Disclaimer: This content is purely for informational purposes and in no way an advice or recommendation.