Adani close to leaving Mukesh Ambani behind Gautam Adani becomes Asia's second-richest businessman, wealth rising by $ 33 billion this year


Posted on 21st May 2021 03:28 pm by rohit kumar

Gautam Adani, the owner of Adani Group, has become Asia's second-richest businessman. His total assets have been $ 66.5 billion. His wealth has increased by $ 33 billion this year. That is an increase of nearly 100%. Reliance has the first number in Asia with Mukesh Ambani with total assets of $ 76.5 billion. This information is given in Bloomberg's Billionaire Index report.

 

Adani is continuously growing

 

As Gautam Adani continues to grow, in such a situation, he can leave Mukesh Ambani behind. There is only a difference of $ 10 billion in assets between these two. Working from infrastructure to renewable energy, Gautam Adani has left behind Behanges of China, the company's owner in pharma, Zhoung Shanshan. Shanshan has assets of $ 63.6 billion. Talking about the global level, Ambani is currently the 13th Amir Businessman while Adani is at number 14.

 

Ambani's property plummeted this year

 

Talking about this year, Ambani's assets have decreased by $ 175 million. While Adani has grown by $ 32.7 billion in assets. Adani's assets have grown tremendously in the last year. Since May 2020, the shares of their listed companies have seen a tremendous increase. Stock markets fell or rose, the shares of Adani companies are always on top and set a new price record every week.

 

Adani has 6 listed companies.

 

The market cap of Adani-listed 6 companies has increased 41.2 times in a year. At the same time, the market cap of Ambani's Reliance Industries Group companies has increased by just 55%. The market cap of Reliance Group is Rs 13 lakh crore while the market cap of Adani Group companies is Rs 8.4 lakh crore. Talking about last year, the Adani Group companies had a market cap of $ 20 billion, which is now $ 115 billion. That is, it has increased by 6 times. The market cap of Reliance Group has increased from $ 125 billion to $ 178 billion at the same time.

 

Adani Total Gas shares rose 114 times in 1 year

 

Adani Total Gas shares have increased 114 times in the stock market in the last 1 year, which has been the highest growing share. Adani Enterprises' stock has risen 82 times, while Adani Transmission's stock has risen 61 times. Adani Green Energy's stock has risen 43 times and Adani Power's stock has grown more than 18 times. Adani Group is presently engaged in manufacturing related to Port, Airport, Energy, Resources, Logistics, Packaged Foods, Agri Business, Real Estate, Financial Services, Gas, and Defense.

 

How has been the performance of Asia's top 5 rich?

 

Of the 5 rich people in Asia, 3 are from China, 2 are from India. Of this, only Adani and Tencent CEO Huateng have increased their wealth. Ambani's assets declined marginally to $ 0.2 billion. While Shanshan lost $ 14.6 billion. Huateng has increased assets by $ 4.1 billion. Alibaba Group CEO Jack Ma has lost $ 1.6 billion. But Adani's assets grew so much because the shares of his six listed companies have gained more than 50 times in a year.

 

Share of two companies increased by more than 100 times

 

The shares of the two companies have soared more than 100 times. Especially the shares of Adani Total Gas and Adani Transmission, which are currently trading near 1400 rupees. Reliance's stock has also increased at this time. Adani Gas, which is among the 6 Adani companies, supplies gas by tying up with the foreign company Total. While Adani Transmission which is it is in Logistics and other sectors. Adani Enterprises is at Airports and Realty among others. Adani Power is in the power supply sector. Adani Green Energy works in Green Energy.

 

Aam Aadmi related companies

 

Talking about companies related to the common man, the main are Adani Gas and Adani Power. It works from gas supply to power distribution which is directly related to the common man. Adani also works with Joint Venture in Group Realty but it works in Luxury Residential. Talking about Reliance Industries, it is also a company associated with the common man. It ranges from petrol diesel to mobile phones, telecom, and retail. Especially its Jio brand is an established brand in online delivery ie e-commerce and telecom.

 

Reliance Retail is its largest brand in retail. That is, it is a company connected to the common people in telecom, retail and digital.

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