New Delhi: Even as Asia’s second-richest businessman, Gautam Adani, continues to amass wealth, his position among the world’s billionaires has seen a surprising shift. With a net worth steadily rising, speculations are rife that Adani may soon join the elite league of trillionaires, alongside tech tycoon Elon Musk. Yet, despite an increase in his wealth on Thursday, Adani’s ranking has fallen, dropping him out of the world’s top 15 billionaires.
According to the Bloomberg Billionaires Index, Adani’s net worth surged by nearly $2 billion (approximately ₹16,500 crore), reaching the $100 billion mark. This year alone, his fortune has grown by $16 billion, placing him among the select group of 16 billionaires worldwide whose net worth exceeds $100 billion. It marks the first time such a large number of billionaires have achieved this milestone. However, despite his growing wealth, Adani’s ranking has slipped, with the tycoon now positioned at 16th on the list.
The Rise and Fall in the Rankings
Adani’s dip in the rankings is primarily attributed to the increasing fortunes of other billionaires, including Jim Walton, Jensen Huang, and Michael Dell, whose net worths range between $2 billion to $6 billion more than Adani’s. However, this gap is not substantial. A slight uptick in Adani’s assets could easily see him reclaim his spot in the top 15.
While Adani’s net worth has faced a decline of $5 billion over the past month, his position remains precariously close to that of his competitors. If his wealth grows in the coming days, Adani could swiftly surpass Walton, Huang, and Dell, re-entering the top 15.
Ambani’s Ascent
Meanwhile, Asia’s richest businessman, Mukesh Ambani, has also seen his fortune increase. Ambani’s net worth has climbed by $2 billion, bringing his total to $112 billion. Over the past year, Ambani’s wealth has grown by $15 billion, placing him at 11th on the list of the world’s richest individuals. To break into the top 10, Ambani will need to overtake Sergey Brin, co-founder of Google, who currently has a $20 billion lead. Analysts speculate that if Ambani launches initial public offerings (IPOs) for his retail and telecom ventures, his wealth could see a dramatic increase, potentially propelling him into the top 10.
A Wealthy Tug of War
The ongoing wealth accumulation of India’s two richest men underscores a broader contest in Asia’s business landscape. As they continue to expand their empires, the financial race between Adani and Ambani is far from over. Their fortunes remain subject to market fluctuations, investments, and strategic decisions that could tip the scales in either direction.
For now, the world watches closely as these titans of industry navigate the ups and downs of global wealth rankings.
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