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Gautam Adani becomes Asia s 2nd richest person, check where he stands on the global list here

Highlights Adani’s net worth stands at $66.5 billion. Adani Enterprises, Adani Gas and Adani Transmission are also performing really well. Adani Group’s chief Gautam Adani has become the second richest person in Asia, surpassing the Chinese bottled water billionaire Zong Shanshan, according to the Bloomberg Billionaires Index. As per the latest details available on the index, Adani’s net worth stands at $66.5 billion while Zhong Shanshan s total worth is pegged at $63.6 billion. Only Reliance Industries Limited’s (RIL) chief, Mukesh Ambani, is now richer than Adani in India. This means that the top two spots in the list of richest Asian persons are occupied by Indians.

Mukesh ambaniGautam adaniZhong shanshanZong shanshanReliance industries limitedAdani enterprisesAdani groupBloomberg billionairesNongfu springBeijing wantai biological pharmacyAdani greenAdani gasAdani transmissionAdani total gasBloomberg billionaires index adaniLoomberg billionaires index ambani

20May2021 Midday Update: Wall Street Off Session Highs And Trending Lower, DOW Up 214 At 1 ET, Nasdaq Up 1 5%, Qatar Cuts LNG Prices And Expands Into Asian Spot Market

20May2021 Midday Update: Wall Street Off Session Highs And Trending Lower, DOW Up 214 At 1 ET, Nasdaq Up 1 5%, Qatar Cuts LNG Prices And Expands Into Asian Spot Market
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United statesUnited arab emiratesFrance generalUnited kingdomAs iranAz arbayjane sharqiJanet yellenMichelle gassNomura charlie mcelligottAriane grandeGautam adaniZong shanshanAntony blinkenMatthias warnigGreg millerSergey lavrov

View: China s billionaires aren t as rich as they look

One day you’re in, the other day you’re out. China’s billionaire rankings seem as stable as hydrogen. In 2017, Hui Ka Yan, founder of real estate developer China Evergrande Group, was the nation’s richest man. That throne was claimed by Alibaba Group Holding’s Jack Ma one year later. Now, Zhong Shanshan, chairman of water bottler Nongfu Spring Co., is China’s wealthiest; in fact, he is even richer than Warren Buffett. Eye-popping billions seem to spring from all walks of life. The swift reshuffling in part reflects structural changes in the Chinese economy. Real estate developers were riding high until late 2017, when Beijing launched a draconian corporate deleveraging campaign. That diet checked the asset expansion of the likes of Hui, who runs the world’s most indebted real estate business, and paved way for the rise of tech tycoons.

Hong kongZhong shanshanLi ka shingHui ka yanWarren buffettAnt group coNongfu spring coAlibaba group holding jack maHong philip securities groupCk hutchison holdings ltdChina evergrande groupAlibaba group holdingBig techAnt groupBig foodBloomberg billionaire