According to the Bloomberg Billionaires Index, Mukesh Ambani, the chairman of Reliance Industries, has reclaimed the title of wealthiest Asian, surpassing fellow countryman Gautam Adani with a net worth of $99.7 billion.
According to Bloomberg’s list of the world’s wealthiest people, the Adani Group chairman’s fortune has taken a knock following a considerable deterioration in the valuation of his group enterprises over the last few weeks, bringing his net worth down to $98.7 billion.
Ambani is ranked eighth on this coveted list, while Adani has dropped to ninth place from fourth just a few weeks ago.
The top four places remained unchanged, with Tesla CEO Elon Musk sitting at top of the list with a net worth of $227 billion, followed by Amazon CEO Jeff Bezos ($149 billion), LVMH CEO Bernard Arnault ($138 billion), and Microsoft co-founder Bill Gates ($124 billion). Warren Buffett, the legendary investor, is ranked fifth with a net worth of $114 billion.
Adani climbed to fourth place on the Bloomberg list in late April, tied with Gates. The Adani Group’s 59-year-old founder is in charge of businesses ranging from ports and aerospace to thermal energy and coal.
