Gautam Adani Trumps China's Zhong Shanshan To Become The Second Richest Man In Asia

Gautam Adani, the founder and chairman of the Ahmedabad-headquartered Adani Group has become the second-richest Asian as per the data compiled by Bloomberg, reports The Economic Times.

Standing just behind Mukesh Ambani who is the richest Asian with a net worth of around $76 billion, Adani trumped China’s Zhong Shanshan to take the spot of second-richest man in all of Asia as his net worth stood at $66.5 billion.

It should be noted that Adani’s net worth has surged by a whopping $32 billion in 2021 so far, marking the third-highest surge in wealth by any person on the planet this year, after Bernard Arnault and Miriam Adelson. Most of his wealth is locked up in his Group’s holdings in several publicly listed Group companies like Adani Enterprises, Adani Green, Adani Total Gas, Adani Power, Adani transmission et cetera.

The shares of the Group’s companies have witnessed as much as 200 to 1,100 per cent surge in share prices over the last 12 months, sending Adani’s net worth rocketing to the sky.