Adani overtook Ambani to take ninth place in the world list

- Gautam Adani's assets increase by Rs 1.41 lakh crore this year, Mukesh Ambani's assets increase by Rs 1.21 lakh crore

New delhi date. 21 November 2020, Saturday

Gautam Adani's private wealth is growing at the fastest pace compared to his contemporaries. According to private website news, Adani Group Cap Market capitalization has increased the most.

Adani's wealth has increased from .4 19.4 billion to 30 30 billion in 2020. The market capitalization of their six listed companies has increased by 27 27 billion, or Rs 2.1 lakh crore, since January. Adani has reached the 9th position in the list of wealth creators. He is followed by Steve Wammer, Larry Page and Bill Gates.

Shares of Adani companies rise sharply
The sharp rise in share prices of Adani Green, Adani Enterprises, Adani Gas and Adani Transmission has led to a huge increase in Gautam Adani's wealth. Shares of Adani Green Energy have risen 551 per cent this year. Shares of Adani Gas and Adani Enterprises rose 103 and 85 per cent, respectively. Shares of Adani Transmission and Adani Ports rose 38 per cent and 4 per cent, respectively. However, Adani Power prices have fallen by 38 per cent in the meantime.

Mutual funds are not interested in shares of Adani companies
But it is interesting to note that despite the sharp rise in shares of Adani companies, mutual funds have not shown much interest in it. Some mutual funds have a 4 per cent stake in Adani Ports and a 1 per cent stake in Adani Enterprises. Mutual funds of Adani's remaining companies have not invested. Adani, who entered the commodity trading business in 1988, is now active in many businesses including port, airport, energy, resources, logistics, agri business, defense.