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Gautam Adani overtakes Mukesh Ambani to become Asia’s richest person

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Mumbai: The landscape of Asia’s elite wealth has witnessed a significant shift as Gautam Adani reclaimed the title of the continent’s richest individual, surpassing Mukesh Ambani. According to the Bloomberg Billionaires Index on Friday, April 17, 2026, Adani’s net worth has climbed to $92.6 billion, positioned at 19th globally. This surge follows a year of robust performance for Adani Group stocks, which have collectively added $8.1 billion to his fortune since the start of the year.

In contrast, Mukesh Ambani’s net worth currently stands at $90.8 billion, ranking him 20th in the world. The shift comes after a period of diverging market fortunes; while Adani has seen steady gains, Ambani has experienced a decline of $16.9 billion in 2026, largely due to mixed performance trends in Reliance Industries’ shares. Thursday’s trading session proved decisive, as Adani Group stocks gained approximately $3.56 billion in value even amidst a slipping Sensex, while Reliance shares remained largely flat.

The reshuffling between India’s two most prominent industrialists occurs against a backdrop of broader global wealth volatility. The year 2026 has been challenging for many of the world’s wealthiest, with seven of the top 20 individuals recording declines, most notably Bernard Arnault, who lost $44 billion. At the pinnacle of the global list, Elon Musk remains the undisputed leader with a staggering net worth of $656 billion. With only $1.8 billion now separating Adani and Ambani, the rankings remain highly sensitive to daily market fluctuations.

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Encounter Media Group

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