Reliance Industries Chairman and Managing Director Mukesh Ambani has regained the top spot in Asia’s richest person list, dislodging fellow Indian industrialist Gautam Adani from the eighth spot in the world’s richest.
Ambani has a net worth of $99.7 billion according to the Bloomberg Billionaire Index. With a $98.7-billion net worth, Adani has slipped to the ninth spot.
The Bloomberg’s Billionaires Index, which tracks each billionaire’s net worth, said that Ambani saw an increase in his wealth by $3.59 billion while Mr Adani added $2.96 billion to his net worth.
Shares of RIL were up three per cent at ₹ 2,816.35 on the BSE in Friday’s trade, having rallied seven per cent in the past two trading days amid heavy volumes.
Reliance’s share has surged 6.79 per cent in a week. It has risen 16.61 per cent in 2022 and has delivered 27 per cent returns in the last year.
Tesla and SpaceX founder Elon Musk sits comfortably at the top of the rich list, followed by Amazon’s Jeff Bezos.