Gautam Adani became the richest person in Asia

Gautam Adani, the founder of Adani Group, has become the richest person in Asia. Zamin.uz reported this.

He surpassed Mukesh Ambani, who had held this position for a long time. These changes occurred as a result of a sharp increase in the share prices of several large companies within the Adani Group.

Specifically, the primary reason was the increase in market value of entities such as Adani Power, Adani Total Gas, and Adani Ports and Special Economic Zone. According to new data, Gautam Adani's total wealth reached 92.6 billion dollars.

This figure is higher than Mukesh Ambani's capital, estimated at approximately 90.8 billion dollars. The business directions of the two entrepreneurs differ from each other.

While Adani has primarily invested in infrastructure, energy, and logistics, Ambani's wealth is more closely linked to the activities of Reliance Industries, which operates in telecommunications and retail. Market analysts consider such changes to be natural.

This is because the wealth of the world's billionaires is heavily dependent on global market conditions and the constant valuation of assets. Fluctuations in share prices can change rating positions within a short period.

At the same time, global economic indicators show that the situation is not as positive for seven of the twenty richest people in the world. The amount of their investments has decreased.

For example, it was noted that the wealth of Bernard Arnault, head of LVMH, decreased by 44 billion dollars. These cases are the result of instability in the global financial market and economic changes across various sectors.