Mukesh Ambani and Gautam Adani (File Photo)
Leader Online Desk: Veteran businessman Gautam Adani has once again become Asia's richest businessman. He has left Mukesh Ambani behind. Adani has benefited greatly from rising share prices of his companies. According to media reports, Gautam Adani's net worth has reached $111 billion, making him once again the richest person in Asia. Mukesh Ambani is the second richest man in Asia with a net worth of $109 billion.
Shares of Adani group companies rose
American brokerage firm Jefferies has given positive opinion on Adani Group. After this, the shares of all the companies in the group have increased by 14 percent on Friday. This increased the market valuation of Adani Group's 10 listed companies by Rs 84,064 crore. The market capitalization of Adani Group's 10 listed companies touched Rs 17.51 lakh crore at the end of trading on Friday. Adani Group will spend $90 billion in capital over the next decade, Jefferies Co. has revealed an ambitious expansion plan for Adani Group. After this, the share prices of all Adani group companies increased.
Mile has been a challenging year for the Adani Group
Gautam Adani is the 11th richest businessman in the world. According to media reports, Bernard Arnault is the richest man in the world, with a net worth of $207 billion. After Arnault comes the name of Elon Musk. Their total wealth is 199 billion dollars. The last year has been a challenging one for the Adani group and even the Supreme Court ordered a probe into the allegations after the revelations in the Hindenburg report. This led to a sharp fall in the shares of Adani group companies. Now the group has recovered from this shock. Just last week, Gautam Adani had shared optimistic plans for the group's future expansion.
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