• About
  • Contact
Monday, January 18, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Gautam Adani Pips Mukesh Ambani In Terms Of Wealth Addition In 2020

Pritish raj by Pritish raj
November 20, 2020
in News
2 min read
0
Gautam Adani Pips Mukesh Ambani In Terms Of Wealth Addition In 2020
Share on FacebookShare on Twitter

This year, Gautam Adani, Chairman of the Adani Group, saw the highest added wealth among all the wealthiest Indians. Even in addition to wealth, he has pipped Asia’s richest man and the chairman of Reliance Industries, Mukesh Ambani.

Gautam Adani’s wealth has risen by $19.1 billion this year, up from $16.4 billion added by Mukesh Ambani in 2020 so far, according to the Bloomberg Billionaire Index. In the first 10-and-half months of 2020, Adani added Rs 1.41 lakh crore to his fortune in rupee terms, or nearly Rs 449 crore per day. Adani is the ninth-largest producer of wealth in the world, ahead of Steve Ballmer, Larry Page, and Bill Gates.

Adani’s wealth rose this year to $30.4 billion, making him the world’s 40th richest individual. Meanwhile, after having added $16.4 billion this year, Mukesh Ambani’s overall wealth now stands at $75 billion. According to the Bloomberg Billionaire Index, he is currently the 10th richest person in the world.

Meanwhile with his wealth increasing from $92 billion to $120 billion so far in 2020, Elon Musk of Tesla has seen the highest addition to his wealth in the world; while Jeff Bezos (of Amazon) and Zhong Shanshan (of Nongfu Spring) have increased their wealth by $68 billion and $57 billion respectively.

This year’s rise in Adani’s wealth was possible due to the increase in Adani Green, Adani Companies, Adani Gas,, and Adani Transmission share prices. In 2020, Adani Green Energy shares jumped 551 percent, while shares of Adani Gas and Adani Enterprises jumped 103 percent and 85 percent. During this time, Adani Transmission and Adani Ports won 38 percent and 4 percent respectively, while Adani Power declined by 38 percent.

Formerly a commodities trader at the age of 32 in 1988, Gautam Adani now owns ports, airports, oil, capital, logistics, agribusiness, real estate, financial services, gas distribution,, and defense companies, among others.

Recently, Reliance Retail said that by selling 10.09 percent shares to investors such as Silver Lake Partners, KKR, ADIA, and others it has raised Rs 47,265 crore. Reliance Industries and Reliance Retail Ventures Limited (RRVL) have completed the current phase of the exercise of partner induction and fundraising for RRVL, the official release said.

Previous Post

Netflix Launches StreamFest- Free Access To Non- Subscribers For 48 Hours

Next Post

Tamil Nadu Government Bans Online Gaming Which Involves Betting

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Under Pressure WhatsApp Delays its Controversial New Policy Update
News

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
IndiaMart Market Cap Hits $3 Billion
News

IndiaMart Market Cap Hits $3 Billion

January 15, 2021
Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion
News

Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion

January 15, 2021
Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies
News

Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies

January 15, 2021
Rise of Regional OTT Platforms in India during the Pandemic Time
News

Rise of Regional OTT Platforms in India during the Pandemic Time

January 15, 2021
Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture
News

Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture

January 14, 2021
Next Post
Tamil Nadu Government Bans Online Gaming Which Involves Betting

Tamil Nadu Government Bans Online Gaming Which Involves Betting

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Tim Cook Billionaire- Next Big Brand

Tim Cook Becomes Billionaire As Apple Is Close To $2 Trillion Market Cap

5 months ago
RIL Soon To Have a non-Ambani MD In The Company

RIL Soon To Have a non-Ambani MD In The Company

1 year ago
Havas Group- Next Big Brand

Havas Group Acquires Digital Agency Langoor, Expands Workforce

1 year ago
hotstar

Hotstar first to cross the 300 million mark for monthly active users in India

2 years ago

FOLLOW US

  • 22.2k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry
  • Under Pressure WhatsApp Delays its Controversial New Policy Update
  • IndiaMart Market Cap Hits $3 Billion

Instagram

Follow Me!

Latest News

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

January 17, 2021
Under Pressure WhatsApp Delays its Controversial New Policy Update

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.