The Adani Group’s market cap has nearly doubled since the beginning of current calendar year, against a 3.6 per cent decline in the RIL’s m-cap over the period.
Adani has added $32.7 billion to his networth year-to-date in 2021, while Ambani’s networth has declined by $176 million.
Zhong Shanshan, who was second richest in Asia, and Adani were neck and neck on May 17, with networth of $63.9 billion and $63.1 billion, respectively. A day later, Adani took the lead with his networth rising to $65.9 billion, while Shanshan’s dipped to $63.7 billion.
The Gautam Adani
family owns around 72 per stake in the group companies
on average, while the Mukesh Ambani family owns around 50 per cent stake in RIL. Other group listed companies, such as TV18 group, DEN Network, and Hathway Cable are subsidiaries of Reliance Industries.
Adani Group companies
have been among the biggest benefeciaries of the post-pandemic rally on the bourses, seeing a jump of about 6.5 times in m-cap since March 2020, against a 68 per cent rise in Sensex and 78 per cent rise in RIL.
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