Mukesh Ambani | Gautam Adani: Mukesh Ambani replaces Gautam Adani to become India’s richest man

According to Forbes Real-time billionaire list, Ambani has bagged the sixth position with a 6.21% increase of $6.1 billion taking the overall net worth to $104.3 billion. Meanwhile Adani’s net worth grew by 0.66% to $99.9 billion taking him to the ninth position.

The RIL stock has gained over 6% in the last five trading days with its market capitalization hitting Rs 19 lakh crore landmark. The company also continues with its acquisition spree. ET on Friday reported that RIL and US buyout firm Apollo Global Management have joined hands to acquire Walgreens Boots Alliance Inc’s International chemist and drugstore units, known as Boots.

Apart from recent investments in organisations like Hamleys, Clovia, MilkBasket, Urban Ladder and Haptik, the brand has also decided to acquire 40% stake in Dream Plast, an Italy-based Plastic Legno’s toy manufacturing business in India, and invest in an ed-tech startup Lido Learning.

Alternatively, as per the Bloomberg Billionaire’s Index consisting the daily ranking of the world’s richest people, Ambani- with a total net worth of $99.7 billion- has pushed Adani (with net worth of $98.7 billion) to second position. Adani had been enjoying the first position for the past few months due to accelerated stock prices of the Adani group

With an established and diverse empire consisting of the energy, telecom and FMCG sectors, Ambani has been focusing on businesses concerning tech innovations and transformations.

Adani might have lost the position but he continues to enjoy a surge in wealth as compared to the last two years.