Gautam Adani's Big Come Back: Emerges As Asia’s Richest!

Earlier we saw business tycoon Gautam Adani having a dream run as far as wealth is concerned. His golden period was such that he even entered the elite list of richest people in the world. However he was surrounded by a few setbacks later.

Yet again Gautam Adani added big wealth to his name and surpassed Mukesh Ambani. As per the findings of Bloomberg Billionaires Index he emerged as Asia's richest person yet again. After going past Mukesh Ambani in terms of wealth he got the tag of Asia’s richest person.

The reports say that Gautam Adani’s net worth rose to $111 billion while Mukesh Ambani's net worth is $109 billion. With two billion dollars Gautam Adani surpassed Mukesh Ambani. The massive rise in the stocks of the Adani group can be cited as a major reason behind this.

In just a few months Gautam Adani got his position back. Around five months back Mukesh Ambani emerged as the richest Asian as Gautam Adani's fortune saw a big decline due to various reasons. Cut to now Adani bounced back and got his position back.

It is said that the Adani group is going forward with aggressive expansion plans and as per the planning the group wants to see big numbers as far as the capital expenditure is concerned.

Gautam Adani became a sensation a few years back when his fortunes increased massively. However he saw himself in the middle of the troubles due to the Hindenburg report which alleged a lot of irregularities.

The report resulted in his group shares coming down and his wealth going for a toss. But he bounced back and now he has surpassed Mukesh Ambani.