Reliance Industries Limited (RIL) chairman Mukesh Ambani has retained the top spot in the 2021 Forbes list of 100 richest Indians. His net worth stands at over $92 billion.
Adani stocks value drops by $7.3 billion after reports of FII a/c freeze
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Synopsis
Monday’s selloff had eroded as much as $15 billion from the group s market capitalization was eroded when the stocks hit their day’s lows just after the Opening Bell.
As on Friday, Gautam Adani’s personal wealth stood at $77 billion, according to the Bloomberg Billionaires’ Index.
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MUMBAI: Gautam Adani, the promoter of the Adani Group of companies and the second richest man in the country, saw his notional wealth erode by as much as $10 billion within an hour of the Opening Bell on Dalal Street on Monday following reports that NSDL had frozen the accounts of three foreign portfolio investors, which held large stakes in the group companies.
Will Adani beat Ambani to become richest Indian? Umm.did you count Jio?
Ambani might be smarting on account of a held-up deal with Saudi Aramco and a legal tussle over acquisition of Future Retail, but he still holds two assets that can put him on top in this wealth race
Vivek Punj | May 25, 2021 | Updated 18:51 IST
Adani has raised his wealth rapidly, but Ambani still has an ace up his sleeve
Mukesh Dhirubhai Ambani and Gautam Shantilal Adani - two ubiquitous names in India Inc, and currently the first and second richest Indians.
Mukesh Ambani, who is at the helm of India s most valuable company Reliance Industries, has held the position of the richest Indian for a long time. But, Gautam Adani has closed the gap rapidly with rising valuations of his companies listed on stock exchanges.
Updated Mar 13, 2021 | 17:59 IST
The Congress leader s remarks have come after the news report said that Gautam Adani added USD 16.2 billion to his wealth in 2020. Congress leader Rahul Gandhi | Photo Credit: PTI
Key Highlights
Gautam Adani has beaten Amazon founder and CEO Jeff Bezos and Tesla CEO Elon Musk in terms of wealth surge this year
Adani s net worth now stands at USD 50 billion
New Delhi: Congress leader Rahul Gandhi on Saturday took a dig at industrialist Gautam Adani s wealth surge this year and questioned how is he making money when everyone else has been struggling with the COVID-19 pandemic.
Adani is followed by Google co-founders Larry Page and Sergey Brin, who have added $14.4 billion and $13.8 billion, respectively, to their net worth in 2021.