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India’s Gautam Adani and Mukesh Ambani are Now Wealthier than Mark Zuckerberg

Mukesh Ambani and Gautam Adani, two Indian billionaires, are now wealthier than Meta Platforms CEO Mark Zuckerberg.

Anshumaan Vishnu by Anshumaan Vishnu
February 4, 2022
in Internet, News
Reading Time: 6 mins read
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Gautam Adani is richer than Mark Zuckerberg

On Feb. 3, Zuckerberg’s net worth collapsed by $29 billion as the company’s shares dropped by at least 26%, degrading over $200 billion. This came after the firm reported its first-ever drop in Facebook users in the fourth quarter of 2021. This was the most significant single-day drop in the market value of a US-based company till date.

According to Forbes, Zuckerberg is now the world’s 12th richest man. His total net worth has dropped to $84.8 billion, compared to $89.5 billion and $90.5 billion for Ambani and Adani, respectively.

Adani’s net worth has nearly doubled since Forbes published its annual World’s Billionaires list in April 2021, when he was valued $50.5 billion. Ambani’s net worth rose by just 6.5% from $84.5 billion last April during the same period. Shares of Reliance Industries, which has oil, petrochemicals, retail, and telecom businesses, fell 1.47% on Thursday and are down 2.3% so far in 2022.

See Also: Top 10 Richest Indians 2021 – Hurun India Rich List

Adani comes from Gujarat, a state in western India. In 1988, he dropped out of college to start Adani Enterprises, a commodities exporter. He soon expanded his firm to include port management, power generating, and solar power, among other things. Narendra Modi, who was the chief government of Gujarat before becoming Indian Prime Minister, appears to have supported Adani Group’s expansion. Adani Group purchased a 74% share in Mumbai International Airport, India’s second busiest, in September 2020.

Top 12 billionaires of the world

Name Net worth
1 Elon Musk
$232 billion
2 Bernard Arnault & family
$194 billion
3 Jeff Bezos
$165 billion
4 Bill Gates
$132 billion
5 Larry Page
$122 billion
6 Sergey Brin
$116 billion
7 Warren Buffett
$114 billion
8 Larry Ellison
$112 billion
9 Steve Ballmer
$96 billion
10 Gautam Adani & family
$91 billion
11 Mukesh Ambani
$90 billion
12 Mark Zuckerberg
$85 billion
Data Source:Forbes
RELATED: 5 Richest Families In India, Ambani Family Retains The Top Spot
Ambani Family is Wealthiest Family in Asia. Even during the COVID pandemic, the wealth of Ambanis saw a huge leap. Mukesh Ambani, India’s wealthiest and chairman of the oil-to-telecom-retail conglomerate Reliance Industries, was in a fund-raising spree while the entire world was busy battling the pandemic. The Ambanis also reside in one of the most expensive Antilia homes in the world— the 27-story building in Mumbai that is supposed to cost $1 billion.
Tags: Adani GroupAsia's Richest PersonfacebookFacebook MetaverseFacebook Newsgautam adaniMark ZuckerbergMetaMukesh AmbaniMukesh Ambani net WorthWorld's Richest Person
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Anshumaan Vishnu

Anshumaan Vishnu

An entrepreneur and writer who prefers to create content around startups, entrepreneurship and digital marketing. To talk more like this idea, connect on LinkedIn.

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