Battle of Billionaires: Mukesh Ambani and Gautam Adani are neck-to-neck in personal wealth

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Mukesh Ambani and Gautam Adani - 2 of India Inc's astir salient faces - are caught successful a fascinating conflict of nett worth.

The Reliance CMD, who's been India's and Asia's richest idiosyncratic since April 2021 (after dethroning Alibaba's Jack Ma), could soon beryllium toppled from his numero uno presumption by a chap Indian - Adani.

The latter's luck present stands astatine $89.1 billion, conscionable $0.6 cardinal shy of the former's $89.7 billion, according to the Bloomberg Billionaires Index.  Their wealthiness fluctuates often based connected their companies' marketplace caps. Even a flimsy driblet successful stock prices tin extremity up eroding billions of dollars disconnected their fortunes.

The Adani Group Chairman has added a whopping $55.3 cardinal to his wealthiness since the commencement of 2021. In April, the Group became lone the 3rd Indian conglomerate (after RIL and TCS) to transverse $100 cardinal successful marketplace cap. (Later successful the year, HDFC Bank and Infosys besides joined the coveted club.)

Shares of 4 retired of six listed companies of the Adani Group soared to an all-time precocious this year, according to BSE. Ambani, connected the different hand, has grown his luck by $13 cardinal year-to-date.

Both businessmen diagnostic successful the database of the world's apical 15 richest people, arsenic per Bloomberg. Meanwhile, Tesla CEO Elon Musk is perched connected top, with a ginormous luck of $304 billion. (He's added $135 cardinal to his kitty successful 2021 alone). Jeff Bezos is simply a distant 2nd with a nett worthy of $205 billion.

Interestingly, beyond their neck-to-neck nett worth, Ambani and Adani are besides heating up India's greenish vigor sector.

#BTCover Mukesh Ambani and Gautam Adani person taken to greenish vigor with gusto. What’s connected the cards? Find retired successful the new-look Business Today issue.

Also, work what LIC Chairperson M.R. Kumar has to accidental connected the behemoth’s mega IPO.

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Adani Green Energy, an earlier entrant successful the space, aims to physique a renewables portfolio (consisting of wind, solar, and hybrid powerfulness projects) of 25 GW by 2025. AEGL shares person risen 13-fold successful the past 2 years, powering the Group's ambition to beryllium the world's largest renewable vigor steadfast by 2030.

On the different hand, Reliance's greenish vigor concern picked up gait this year, arsenic Ambani cracked aggregate deals successful solar, battery, and hydrogen projects crossed the world. Analysts reckon that cleanable vigor could lend astir 10 percent to RIL's bottomline by FY26.

On Thursday, RIL shares roseate 6.36% to Rs 2,501, portion Adani Green Energy was up 0.95% to Rs 1,404 connected BSE.

The conflict has lone begun.

(For more, work the screen communicative from the latest contented of Business Today. On stands now)

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