Gautam Adani and Mukesh Ambani, two billionaire Indian industrialists, are the only Indians to rank among the top 10 richest people according to the Bloomberg Billionaires Index.
Gautam Adani, the chairman of the Adani Group, is ranked second with a net worth of $147 billion, while Mukesh Ambani, the chairman of Reliance Industries, is ranked tenth with a net worth of $88.7 billion.
The two richest businessmen in India are still the country’s top two earners despite a margin of eight slots between them.
According to the Bloomberg Billionaires Index, which ranks the world’s wealthiest persons daily according to their total net worth, Adani’s net worth increased by over $70.3 billion over the last year to date (YTD).
In contrast, Ambani had a $1.30 billion decline in his net worth during the same time period.
Elon Musk, the CEO of Tesla, is the richest person in the world with a net worth of $264 billion, despite having lost $1.30 billion so far this year, according to the report. Tesla stock is Musk’s largest asset that boosts his net worth.
According to Bloomberg, Adani, the creator of the Adani Group, the largest port operator in India, has a net worth of $147 billion, which he can use to purchase 87.8 million troy ounces of gold or 1.59 billion barrels of crude oil.
Equity in Adani Enterprises Ltd. is Gautam Adani’s largest asset, whereas equity in Reliance Industries Ltd. is Mukesh Ambani’s largest asset.
It’s interesting to note that Adani’s net worth represents about 2.09% of the wealth of the 500 richest persons in the world.
With a net worth of $88.7 billion, Ambani, who owns Reliance Industries, the largest oil refining complex in the world, and owns the Mumbai Indians, a professional cricket team, can purchase 961 million barrels of crude oil or 53 million troy ounces of gold.
In addition, 1.26% of the 500 richest persons in the world’s total fortune is represented by their net worth.