Asia's richest man; Mukesh Ambani surpasses Adani to regain top spot

NEW DELHI: Reliance Industries Ltd chairman Mukesh Ambani has surpassed Adani Group chairman Gautam Adani to become the richest man in Asia. As per Bloomberg Billionaire Index, Mukesh Ambani's net worth has risen to $99.7 billion, while Gautam Adani's net worth stood at $98.7 billion.

Mukesh Ambani is ranked the eighth richest person in the world as per the Bloomberg Billionaire index. RIL's chairman is the richest in India as well as in Asia. Ambani is followed by Gautam Adani on the global billionaire list. Adani is ranked ninth in the Bloomberg Billionaire index.

A surge in Reliance Industries Limited shares has led to the increase in Mukesh Ambani's fortune. RIL shares have surged by over 16 per cent so far this year. The scrip has gained 6.79 per cent in a week.

Gautam Adani had been enjoying the position of India's as well as Asia's richest person for the past few months due to the spike in share prices of Adani group companies. However, in recent weeks, the share price of Mukesh Ambani-led companies has risen sharply while there have been corrections in Adani Group companies' stocks.