Mukesh Ambani, chairman of Reliance Industries Group, surpassed Gautam Adani, chairman of Adani group, and became the richest man in Asia again. According to the Bloomberg billionaire index, Ambani surpassed his competitor Adani on Friday because reliance group's share price rebounded on a large scale and was close to an all-time high. Since the beginning of March, the stock has risen by more than 25%, and the return over the past year has reached 27%.
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Ambani is now the seventh richest person in the world, with a net worth of $101billion. Adani ranked ninth with a net asset of US $95.8 billion.
Adani's net assets soared to $125billion on May 26. However, due to the recent decline of his company's share price, Adani's net wealth has declined in the past few weeks. However, his wealth is still 10 times that of two years ago, and the growth rate this year is billions more than that of Ambani.
