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This is not true. Someone's imagination running riot. The collective market cap of Adani group is about 105 billion dollars and that of RIL alone is 216 billion dollars..
If Market cap is 100 billion how can promoter have wealth of 90 billion?
Gautam Adani on Wednesday became Asia's richest person, surpassing Mukesh Ambani based on group captial cap.
Adani’s wealth has swelled up recently, especially after the onset of the pandemic. For instance, his total wealth stood at around $4.91 billion on March 18, 2020. As of now, his net wealth has touched nearly $90 billion - a rise of more than 1800%.
On the other hand, Ambani’s net wealth has taken a slight hit after Reliance Industries scrapped the deal with Aramco, a Saudi Arabian public petroleum and natural gas company based in Dhahran.
However, the change of fortune was expected to happen anytime soon. According to Bloomberg Billionaire Index, Adani’s wealth had stood at $88.8 billion on Tuesday (November 23). On the other hand, Ambani’s net wealth stood at $91 billion.
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