Gautam Adani Becomes 2nd Richest Person In Asia; Just Behind Ambani

by Shatakshi Gupta
Gautam Adani became 2nd richest man of Asia

Gautam Adani, owner of Adani Group, has become Asia’s second richest businessman. His total assets have been Rs 4.98 lakh crore. His wealth has increased by Rs 2.47 lakh crore in this year.  That is, an increase of nearly 100%. Reliance’s owner, Mukesh Ambani, holds first position when it comes to Asia’s richest person, as per information provided in Bloomberg’s Billionaire Index report. Mukesh Ambani tops the position with the net worth of Rs. 5.73 lakh crore.

Adani recorded persistent growth

If Gautam Adani will constantly grow with this pace, in such scenario, he can even leave Mukesh Ambani behind. As the difference of only 75 thousand crores is existent between the assets of these two. With his continuous works in different fields from infrastructure to renewable energy, Gautam Adani left behind, Zhoung Shanshan of China, who is the owner of a pharma company.  Shanshan’s total assets are worth Rs 4.77 lakh crore. At the international level, Ambani is the 13th richest Businessman whereas Adani holds very next position to Ambani i.e. number 14.

Ambani’s assets reduced in 2021

Looking into this year, Ambani’s assets have decreased by Rs 1,312 crore. While Adani’s wealth magnified by Rs 2.47 lakh crore. Adani’s assets grewenormously in the last one year. Since May 2020, the shares of their listed companies have viewed a massive increase. Stock markets dipped and rose, but the share prices of Adani companies only keptgrowing on top and set a new price record every week.

6 listed companies of Adani Group

The market cap of Adani group’s 6 listed companies has increased by 41.2 times in a year. Simultaneously, the market cap of Ambani’s Reliance Industries Group companies has rised by just 55%. On comparing the two, the market cap of Reliance Group is Rs 13 lakh crore whereas, the market cap of Adani Group companies is Rs 8.4 lakh crore. If we look into last year, the market cap of Adani Group companies was Rs 1.5 lakh crore, which has now reached to Rs 8.5 lakh crore. This means, it has extended by 6 times. The market cap of Reliance Group has increased from Rs 9.37 lakh crore to Rs 13.35 lakh crore at the same time.

Also read: Flipkart Ties Up With Adani Group; Partnership Will Create Job Opportunities

Adani’s Gas shares grew by 114 times in 1 year

Adani Total Gas shares have increased 114 times in the stock market in the period of just 1 year, and became the highest growing share. Adani Enterprises’ stock has risen 82 times, on the other hand Adani Transmission’s stock rose by 61 times. Adani Green Energy’s stock has grew by 43 times and Adani Power’s stock reported growth more than 18 times. Adani Group is currently engaged in manufacturing works 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?

Among the top 5 rich people in Asia, 3 belong from China, 2 are from India. Out of these five, only Adani and Tencent CEO, Huateng, have tremendously increased their wealth. Ambani’s assets recorded a marginal dipof Rs 1,312 crore. Whereas Shanshan lost 1.09 lakh crore rupees.  Huateng grew assets by Rs 30,750 crore. Alibaba Group CEO, Jack Ma, lost 12 thousand crores.  But Adani’s assets grew massively because the equity of his six listed companies 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. Particularly shares of Adani Total Gas and Adani Transmission, which are presently trading for more than 1400 rupees.  Reliance’s stock has also increased at this time.  Adani Gas, which is among the 6 Adani listed companies, supplies gas by tying up with the foreign company, Total. While Adani Transmission is involved in Logistics and other sectors. Adani Enterprises is at Airports and Realty among others. Adani Power covering the power supply sector. Adani Green Energy works in renewable energy or Green Energy.

Both companies target general consumers

Speaking of companies that are associated to the common man, these are Adani Gas and Adani Power. It works from gas supply to power distribution which is straightaway related to common man. Further if we talkof Reliance Industries, it is also a company which is concerned with the common man. It covers large variety ranging from petrol diesel to mobile phones, telecom as well as retail. Specifically, its Jio brand is an established brand, in online delivery i.e. e-commerce and telecom.

Reliance Retail is the largest brand in retail when it comes to Reliance group. This means that, it is a company connected to common people in telecom, retail and digital.