Gautam Adani overtakes Mukesh Ambani as Asia’s richest person; check net worth details

Gautam Adani, chairman of the ports-to-power conglomerate Adani Group, has edged past Mukesh Ambani, chairman of Reliance Industries , to reclaim the title of Asia’s richest individual. Adani’s net worth has climbed to $92.6 billion, driven by a sustained rally in Adani Group stocks, according to the Bloomberg Billionaires Index, which tracks the world’s richest individuals on a daily basis.

As of today, Adani ranks 19th globally and has added $8.1 billion to his fortune so far in 2026. In contrast, Ambani is placed 20th with a net worth of $90.8 billion, with his wealth declining by $16.9 billion on a year-to-date (YTD) basis.

Adani has benefited from a recovery in group stocks and improving investor sentiment, while Ambani’s wealth has come under pressure amid volatility in energy markets and broader equity movements, particularly in the backdrop of the West Asia crisis.

On a YTD basis, the combined market capitalisation of Adani Group companies has risen by ₹0.92 lakh crore to ₹15.13 lakh crore, from ₹14.21 lakh crore at the start of the year. In January, the group saw a temporary erosion of around ₹2 lakh crore in market value due to regulatory developments and legal summons linked to ongoing U.S. SEC investigations. However, the stocks regained momentum amid a slew of positive triggers, including a bid to acquire the bankrupt Jaiprakash Associates and a clean chit in a 2019 solar tender antitrust case from the Competition Commission of India (CCI).

On the other hand, shares of Reliance Industries have declined nearly 14% year-to-date, with investor wealth eroding by about ₹3.82 lakh crore to ₹18.41 lakh crore as of April 17. The company’s market capitalisation has dropped from ₹21.23 lakh crore as of December 31, 2025.

Reliance Industries’ stock hit a 52-week high of ₹1,611.20 on January 5, 2026, and a 52-week low of ₹1,197.05 on April 11, 2025. So far in 2026, its sharpest single-day decline came on March 27, when the stock fell 4.6%, wiping out nearly ₹80,000 crore in value after the government reinstated windfall taxes on diesel and aviation turbine fuel (ATF) exports.

Globally, Elon Musk continues to top the rich list with a net worth of $656 billion, driven largely by his stakes in Tesla and SpaceX. He is followed by Larry Page, American businessman and former CEO of Google, with net worth of $286 billion) and Jeff Bezos of Amazon ($269 billion). Technology entrepreneurs continue to dominate the rankings, accounting for the majority of the top 10, including Mark Zuckerberg of Meta Platforms. Larry Ellison of Oracle and Michael Dell of Dell Technologies.

Among the biggest gainers this year is Michael Dell, who has added nearly $29.9 billion to his wealth, while luxury goods tycoon Bernard Arnault has seen the steepest decline, with his net worth down $44 billion so far in 2026.