Who is the richest man in Asia? According to the Forbes Real-Time Billionaires index, Mukesh Ambani has retained his position as the richest man in Asia and India, dethroning Gautam Adani. Ambani was trailing behind Adani by $1.2 billion.
Mukesh Ambani runs oil and gas giant, Reliance Industries Limited (RIL), India's one of the most valuable companies. Reliance Industries Limited (RIL) ranked number 1 in Fortune India 500 and #106 in Fortune Global 500 list in 2019.
Earlier, Gautam Adani dethroned Mukesh Ambani to become the richest man in Asia. He added $55 billion to his wealth in 2021 compared to the $14.3 billion added by Mukesh Ambani.
Gautam Adani with a fortune of $88.8 billion was trailing behind Mukesh Ambani by $2.2 billion whose net worth was $91 billion, according to Bloomberg Billionaire Index. Adani was able to surpass Ambani due to the escalation in shares of his listed group firms and the fall of Reliance Industries shares.
In the last 20 months, the net worth of Adani saw a sharp spike of over 180%-- whopping $83.89 billion-- while Ambani’s net worth increased by 250% i.e., $54.7 billion. Currently, the net worth of Adani is $90.4 billion while that of Ambani is $89.8 billion.
Ambani's fall came after the $15 billion O2C deal with Saudi Aramco was scrapped. At the same time, Adani Port and SEZ shares, and Adani Power shares saw a huge rise.
The Adani Group currently operates a large number of companies including Adani Enterprises, Adani Green Energy, Adani Ports & SEZ, Adani Transmission, Adani Total Gas, and Adani Power. The total market capitalization of the listed Adani Group firms is fixed at Rs. 10 trillion to that of Reliance Industries’ market capitalisation of Rs. 14.91 trillion, but Gautam Adani’s higher promoter holding in his listed group firms makes him richer than Mukesh Ambani.
Both Ambani and Adani have surpassed the richest woman in the world, Francoise Bettencourt Meyers. At present, the net worth of Francoise Bettencourt Meyers and Family is $83.5 billion, according to the Forbes Real-Time Billionaires index.
Top 10 Richest Person in India 2022
| Name | Net Worth | Industry |
| Mukesh Ambani | $90.5 billion | Diversified |
| Gautam Adani & family | $89.9 billion | Infrastructure, Commodities |
| Shiv Nadar | $28.7 billion | Software Services |
| Radhakishan Damani | $19.7 billion | Retail, Investments |
| Lakshmi Mittal | $19.3 billion | Steel |
| Savitri Jindal & family | $17.6 billion | Steel |
| Kumar Birla | $17.2 billion | Commodities |
| Cyrus Poonawalla | $16.5 billion | Vaccines |
| Dilip Shanghvi | $15.6 billion | Pharmaceuticals |
| Uday Kotak | $15.6 billion | Banking |
Also Read | List of 20 richest people in the world 2021
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