Adani again became Asia's richest industrialist by overtaking Mukesh Ambani, ranked 11th in the world

Gautam Adani, a veteran industrialist, surpassed Mukesh Ambani to become Asia's richest industrialist. Gautam Adani has benefited from the increase in share prices of his companies. According to media reports, Gautam Adani's net worth has risen to $111 billion, making him Asia's richest person. At the same time, Mukesh Ambani is Asia's second richest person, worth $109 billion.

American brokerage firm Jefferies has presented a better opinion about the group. Following these developments, the shares of all the companies of the group climbed up to 14 percent on Friday. This led to an increase of Rs 84,064 crore in the market valuation of 10 listed companies of the Adani Group. At the time of closing of trading on Friday, the market capitalization of 10 listed companies of Adani Group reached Rs 17.51 ​​lakh crore. Jefferies has revealed an ambitious plan for the expansion of Adani Group, in which Jefferies said that Adani Group will spend $90 billion in capital in the next decade. After this, the price of shares of all the companies of the Adani Group jumped. Gautam Adani is the 11th richest industrialist in the world. According to media reports, Bernard Arnault is the richest person in the world, with a total wealth of $207 billion. Arnault is followed by Elon Musk, whose total wealth is $199 billion. Last year was very challenging for the Adani Group and after the revelations from the Hindenburg report, the Supreme Court also ordered an inquiry into the allegations. As a result, the shares of Adani Group companies fell sharply. However, now the group has recovered from that setback. Just last week, Gautam Adani shared an optimistic plan to expand the group in the future.