Top 10 Asia's Richest 2021: Mukesh Ambani, Gautam Adani Surpass Chinese IT Magnates

| Updated: Monday, June 14, 2021, 11:55 [IST]

Mukesh Ambani, chairman of Reliance Industries (RIL), and Gautam Adani, founder of the Adani Group, have surpassed Chinese billionaires and IT tycoons like Jack Ma and Zhong Shanshan in world wealth rankings, making them Asia's wealthiest businesspeople.

Stock market rallies have helped Ambani and Adani. So far in 2021, the Nifty50 index has increased by 13%.

According to Bloomberg figures, Ambani and Adani's fortunes have increased to $84 billion and $78 billion, respectively, making them Asia's wealthiest businesspeople.

Azim Premji of Wipro (42nd), Shiv Nadar of HCL Technologies (72nd), and Lakshmi Mittal (88th) are other notable figures that appear among the top 100 wealthiest people on the list.

Ambani Fortune

Ambani's fortune has risen to almost $84 billion, according to the Bloomberg Billionaires Index, making him the world's 12th richest person. So far in 2021, Ambani has invested $7.62 billion. Mukesh Ambani of the Reliance Group is Asia's richest man, with $84.3 billion.

Reliance was formed in 1966 as a modest textile firm by his late father, Dhirubhai Ambani, a yarn trader.

With the debut of its 4G phone service Jio in 2016, Reliance started a pricing war in India's hyper-competitive telecom sector.

During the Covid-19 siege, Ambani raised more than $20 billion by selling a third of Jio to a group of investors that included Facebook and Google.

Adani Fortune

Adani is second with a $77 billion wealth. Adani's fortune, on the other hand, has risen to $77 billion, with a $43.2 billion increase so far in 2021. According to Bloomberg figures, Adani is the 14th richest person on the planet. Gautam Adani, an infrastructure mogul, owns India's largest port, Mundra, in his home state of Gujarat. Adani owns Abbot Point, a contentious Australian coal mining project whose Carmichael coal mine is touted as one of the world's largest.

In September 2020, Adani purchased a 74% share in Mumbai International Airport, India's second busiest.

Top 10 Asia's Richest 2021

Asia's top 10 richest people, as of June 12, 2021

Mukesh Ambani: $84.3 billion

Gautam Adani: $77.0 billion

Zhong Shanshan: $71.2 billion

Ma Huateng: $60.1 billion

Jack Ma: $48.9 billion

Zhang Yiming: $44.5 billion

Colin Huang: $43.4 billion

Zeng Yuqun: $39.1 billion

Tadashi Yanai: $38.9 billion

William Ding: $35.7 billion

10 Richest People in the World

Names of Richest People	Fortune
Bernard Arnault & Family	$186.3 billion
Jeff Bezos	$186 billion
Elon Musk	$147.3 billion
Bill Gates	$125.5 billion
Mark Zuckerberg	$114.7 billion
Warren Buffet	$108.7 billion
Larry Ellison	$102.3 billion
Larry Page	$100.2 billion
Sergey Brin	$97.1 billion
Amancio Ortega	$89 billion

...

Worlds Richest

With a net worth of $194 billion, Amazon founder Jeff Bezos is the wealthiest person on the planet. Following him is LVMH Chief Executive Bernard Arnault, who has a fortune of S173 billion. Elon Musk, the CEO of Tesla, ranks third on the list, with a fortune of over $169 billion.

Jeff Bezos

In 1994, Jeff Bezos launched e-commerce behemoth Amazon from his Seattle garage. In July 2021, he will step down as CEO and become executive chairman.

Elon Musk

Elon Musk is attempting to transform transportation on Earth and in space, with his electric car company Tesla and his rocket company SpaceX. His Net worth is $151 B. He owns 21% of Tesla but has committed more than half of it as loan collateral; Forbes has reduced his ownership to account for the loans.

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