There is a long-running race between two of India's top billionaires, Reliance Industries chairman Mukesh Ambani, and Adani Group chairman Gautam Adani, among the world's top billionaires. While Ambani was leading in the list of top-10 rich before the start of the Corona epidemic, Adani is now seen leaping forward after the outbreak of Corona has stopped. Let us know everything about the age, earnings, and business of both the legendary industrialists.
Adani far ahead of Ambani
If we looked before the start of the Corona epidemic era, all eyes were on Mukesh Ambani, he was constantly making his presence on the list of top-10 billionaires. In this race for wealth, the 65-year-old Ambani was touching new dimensions leaving behind all the veterans, but for the time being, the world's richest person is also behind Adani's pace of earning since the beginning of this year. Left out. According to a report in the past, Adani has been at the forefront of earnings in the year 2022. While Ambani has slipped to the ninth position in this list. However, he continues to make his presence felt on this list.
Adani earned the highest this year
59-year-old Gautam Adani has topped in terms of earnings this year as well as becoming the sixth richest person in the world. According to the report, he has increased his wealth by $ 30 billion since the beginning of 2022. In this way, his wealth has increased more than any other industrialist. According to the latest figures from the Billionaires Index, his net worth at the time of writing is $104 billion. However, his wealth is about $100 billion less than the world's richest man. Let us tell you that Musk, the owner of companies like Tesla and SpaceX, has a net worth of $ 204.5 billion. Let us inform you here that Adani has earned 10 billion dollars more than Mukesh Ambani this year.
32 acquisitions made last year
According to the report, Gautam Adani is continuously expanding his business. Recently, he has made a strong entry into the cement business and has made his placed in the second position in this sector. Let us tell you that Adani has made a big deal to acquire the Indian business of Holcim Limited for $10.5 billion. It is worth noting that Holcim Limited sells cement in India under the brand names ACC and Ambuja. Adani Group's cement company will become the second-largest cement company in the country after the acquisition of Holcim's India business. Apart from this, the report said that Adani has made 32 acquisitions in the last year for $ 17 billion. Even after this, their pace does not seem to be slowing down, while the total debt of all their listed companies has reached about $ 20 billion.
Seven companies of Adani listed
Significantly, seven companies of the Gautam Adani-led group are listed on the stock exchange. Of these, at present, there are six companies whose market cap is more than Rs 1 lakh crore. Talking the companies listed on BSE, Adani Enterprises, Adani Ports, Adani Power, Adani Total Gas, Adani Green Energy, Adani Transmission and Adani Wilmar are. Recently, the market capitalization of Adani Power had crossed Rs 1 lakh crore. Along with this, talk about Mukesh Ambani, his company Reliance Industries had emerged as the first company in the country with a market value of 19 lakh crores in the past.
Both are betting on renewable energy
Talking about business, the business of Ambani and Adani is ringing in the world. At present, the entire focus of both the industrialists is betting on renewable energy. Due to this, both can get a reward from the market for this thing in the coming time. However, according to the report, investors are giving more preference to Gautam Adani in this sector. Let us tell you that the knock of Adani's business is from the ports to the kitchen of the house. At the same time, Mukesh Ambani is maintaining its dominance from the telecom sector to the retail sector. At present, the shares of Adani Group companies are seeing a rise except one or two.
Ambani's name was 2020
By the way, the year 2020 will be known for the challenges arising due to the Corona epidemic. But in this period Mukesh Ambani also made new records in his name. In the same year, Ambani raised $27 billion from the global merger and acquisition market and made Reliance debt-free. Ambani's company had raised money for its digital business through Facebook (Meta) and Alphabet Inc. After this, he raised funds for his retail chain from Silver Late Partners, and KKR & Company Inc., among others.
Reliance's plans
Talking about the big plans of Mukesh Ambani ahead, Reliance is preparing to make a big deal by the end of this month. Reliance is preparing to bid for UK's medical retail chain 'Boots UK'. This deal can be worth $ 10 billion and for this Ambani has partnered with Apollo Global Management Inc. It was said in the report that if this deal is completed, then it will be Mukesh Ambani's biggest deal outside the country. At present, if we look at the shares of Ambani's company Reliance Industries, then they are trading on the green mark.
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