Mukesh Ambani and gautam adani have long been competing not only in India's rich list but also in the Asian rich list.
In this context, gautam adani has risen to become the richest man in india and Asia, overtaking mukesh ambani today in terms of the market value of the two leading companies.
Bloomberg site data
Mukesh Ambani with $ 91 billion and gautam adani with $ 88.8 billion, according to Bloomberg site data.
Gautam adani has risen to become the richest man in india and Asia, overtaking mukesh ambani in the overall market value of reliance & adani Group despite its asset value.
Saudi Aramco
Shares of reliance Industries have continued to decline after Saudi Aramco announced its final decision not to invest in reliance Industries.
Shares of reliance traded down about 1.48 per cent at Rs 2,350.90 at the close of trading today.
Adani Group
At the same time, the share value of adani Group companies continues to rise.
Adani Enterprises was up 2.94 per cent, adani Ports was up 4.87 per cent, adani Transmission was up 0.50 per cent and adani Power was up 0.33 per cent.
Reliance Industries
Gautam adani has overtaken mukesh ambani to become the richest man in india and Asia as the total market value of the adani Group has increased beyond the value of the reliance Industries Group.
One year growth
According to Bloomberg data, mukesh Ambani's assets have increased by 18.6 per cent to $ 14.3 billion this year. But gautam Adani's assets rose 162.7 per cent to $ 55.0 billion.
