Gautam Adani loses ‘second richest person in Asia’ tag as his net worth falls

New Delhi: Adani Group founder and chairman Gautam Adani is no longer the second richest person in Asia. He lost the title to Zhong Shanshan, founder of Nongfu Spring, China’s largest bottled water company.

Although Adani continues to be the second richest person in India, his position in the Forbes’ Real-Time Billionaires rankings has fallen down to 19.

Net worth of Gautam Adani

The net worth of Gautam Adani has fallen down to $63 billion from over $77 billion within a week, India Today reported.

The market capitalization of his companies has fallen drastically after a report claimed that the National Securities Depository Limited (NSDL) froze three FPI accounts that have major stakes in four firms of the conglomerate.

Although, both Adani Enterprises and NSDL rejected the report, the stock prices of the firms continue to fall.

Earlier, his wealth increased drastically after the continuous rise in market capitalization of his companies, Adani Enterprises, Adani Green, Adani Total Gas, Adani Power, Adani Gas and Adani Transmission.

At one point in time, it was predicted that he may surpass Reliance Industries Limited (RIL) Chairman Mukesh Ambani to become the richest person in India.

Top 10 richest persons in the world

Currently, no Asian is on the list of the top 10 richest persons in the world. The list has eight Americans and two French.

As per Forbes’ Real-Time Billionaires rankings, with a net worth of $200.5 billion, Jeff Bezos of Amazon continues to be the richest person in the world. The list of the top 10 richest persons in the world are as follows:

NameNet worthCountry
Jeff Bezos$200.5 billionUnited States
Bernard Arnault$195.7 billionFrance
Elon Musk$156.0 billionUnited States
Bill Gates$125.1 billionUnited States
Mark Zuckerberg$119.5 billionUnited States
Larry Page$105.6 billionUnited States
Warren Buffett$103.7 billionUnited States
Sergey Brin$102.3 billionUnited States
Larry Ellison$99.9 billionUnited States
Francoise Bettencourt Meyers$91.9 billionFrance

Recently, Francoise Bettencourt Meyers, the richest woman in the world has entered the top 10 billionaires list by grabbing the 10th spot on the list.