Gautam Adani and Mukesh Ambani, two billionaire Indian industrialists, are the only Indians to rank among the top 10 richest people according to the Bloomberg Billionaires Index. Gautam Adani, the chairman of the Adani Group, is ranked second with a net worth of $147 billion, while Mukesh Ambani, the chairman of Reliance Industries, is ranked tenth with a net worth of $88.7 billion.
At the Top: Adani and Ambani
The two richest businessmen in India are still the country’s top two earners despite a margin of eight slots between them. According to the Bloomberg Billionaires Index, which ranks the world’s wealthiest persons daily according to their total net worth, Adani’s net worth increased by over $70.3 billion over the past year (YTD). In contrast, Ambani had a $1.30 billion decline in his net worth during the same period.
Elon Musk, the CEO of Tesla, is the richest person in the world with a net worth of $264 billion, despite having lost $1.30 billion so far this year, according to the report. Tesla stock is Musk’s largest asset that boosts his net worth.
Based on the sources, Adani, the creator of the Adani Group, the largest port operator in India, has a net worth of $147 billion, which he can use to purchase 87.8 million troy ounces of gold or 1.59 billion barrels of crude oil.
Equity in Adani Enterprises Ltd. is Gautam Adani’s largest asset, whereas equity in Reliance Industries Ltd. is Mukesh Ambani’s largest asset. It’s interesting to note that Adani’s net worth represents about 2.09% of the wealth of the 500 richest persons in the world.
With a net worth of $88.7 billion, Ambani, who runs Reliance Industries, the largest oil refining complex in the world, and owns the Mumbai Indians, a professional cricket team, can purchase 961 million barrels of crude oil or 53 million troy ounces of gold. In addition, 1.26 percent of the 500 richest persons in the world’s total fortune is represented by their net worth.
Comparison with Elon Musk
In contrast, the richest man in the world, Elon Musk, can purchase 2.86 billion barrels of crude oil or 158 million troy ounces of gold with his net worth. In addition, he holds 3.76 percent of the wealth held by the 500 richest persons in the world.
The latest accomplishments of Adani include buying the Indian operations of Holcim, participating in the 5G spectrum auction in India, and acquiring a 74% share in Mumbai’s Chhatrapati Shivaji Maharaj International Airport.
Ambani’s most recent accomplishments, on the other hand, include investing Rs 2 lakh crore to provide 5G services throughout his country, refocusing RIL on renewable energy, and selling Jio Platforms’ 32.97% interest to Meta (previously Facebook), Google, and other venture capitalists.
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