New Delhi: Billionaire industrialist Gautam Adani has once again overtaken Mukesh Ambani to become Asia's richest person, driven by a sustained rally in Adani Group stocks.
Adani's net worth now stands at USD 92.6 billion, ahead of Ambani's USD 90.8 billion, according to the latest billionaire rankings. This makes Adani the richest person in both India and Asia, highlighting the volatile race between the two business titans.
The surge in Adani's wealth has been powered by strong gains across his group's listed companies, reflecting investor confidence in infrastructure growth and the energy transition theme. The Adani Group spans ports, renewable energy, airports, logistics, and natural resources, with Adani emerging as a key player in India's expansion story.
Ambani, whose fortune is anchored in Reliance Industries' energy, telecom, and retail businesses, has seen comparatively moderate gains, leading to the reshuffle in rankings. Globally, Elon Musk continues to top the billionaire list with a net worth of USD 656 billion, followed by Larry Page at USD 286 billion and Jeff Bezos at USD 269 billion. Adani currently ranks 19th on the Bloomberg Billionaires Index, while Ambani remains close behind. Both are the only Indians in the global top 50.
The rivalry between Adani and Ambani has seen frequent shifts in recent years. After first surpassing Ambani in 2022, Adani's fortunes dipped following a critical report by US short-seller Hindenburg, wiping out significant market value. However, a strong rebound driven by infrastructure expansion and energy investments has once again pushed him ahead. The latest development underscores how market momentum continues to redefine India's billionaire hierarchy.

