Gautam Adani has overtaken Mukesh Ambani to become Asia’s richest person with a net worth of $92.6 billion, surpassing Ambani’s $90.8 billion, according to the Bloomberg Billionaires Index. This shift comes after a strong rally in Adani Group stocks, highlighting investor confidence in India’s infrastructure and energy transition story.
Adani’s wealth is primarily derived from his holdings across the group’s ten listed companies, which span ports, airports, renewable energy, coal trading, logistics, and infrastructure. The surge in Adani Group shares has added billions in market value, propelling him to the 19th spot globally among the world’s richest individuals. His diversified empire includes India’s largest private seaport network, the biggest renewable energy producer, and major airport operations, positioning him at the center of India’s economic growth narrative.
Mukesh Ambani, who had long held the title of India’s richest, now trails slightly with a net worth of $90.8 billion. His fortune, anchored by Reliance Industries’ businesses in energy, telecom, and retail, has seen more modest gains compared to Adani’s meteoric rise. Both Adani and Ambani remain the only Indians in the global top 50 billionaire rankings.
This rivalry has seen multiple shifts in recent years. Adani first overtook Ambani in 2022, but his group’s stocks later plunged following allegations by U.S. short-seller Hindenburg, wiping out $100 billion in market value. Ambani reclaimed the top spot before Adani surged again in mid-2024, driven by infrastructure expansion and renewable energy investments. Ambani briefly regained the lead in 2025, but Adani’s latest gains have once again placed him ahead.
Globally, Elon Musk continues to dominate the billionaire rankings with a staggering net worth of $656 billion, followed by Larry Page at $286 billion and Jeff Bezos at $269 billion. Against this backdrop, Adani’s rise underscores the growing influence of Indian entrepreneurs in global wealth rankings.