Gautam Adani replaces Mukesh Ambani as India’s richest person
Gautam Adani, founder, and chairman of Adani Group on Thursday replaced Reliance Industries Limited (RIL) chairman Mukesh Ambani as the richest person in India.
Currently, his net worth stands at $89.5 billion whereas Mukesh Ambani’s net worth is $89.4 billion. Adani’s net worth increased significantly over the past few months due to the surge in the share prices of his companies.
Business of Adani He is the founder of Adani Group which is the largest port operator in India. Recently, Adani Group and South Korea’s POSCO agreed to explore business cooperation opportunities, including the establishment of a green, environment-friendly Integrated Steel Mill at Mundra, Gujarat, as well as other businesses. The investment is estimated to be up to USD 5 Billion.
The non-binding MoU signed between POSCO and Adani intends to further collaborate at the group business level in various industries such as renewable energy, hydrogen, and logistics in response to carbon reduction requirements.
Top five richest persons in India
Ambani and Adani occupy the first and second positions respectively in the list of top five richest persons in India. The other persons are as follow: