The richest man in India is no longer Mukesh Ambani

The richest man in India is no longer Mukesh Ambani

In a major change among the richest people in Asia, billionaire Gautam Adani has surpassed Reliance Industries chairman Mukesh Ambani once more to take the top spot. Adani’s net worth increased to $111 billion as of Saturday, ranking him 11th overall in the Bloomberg Billionaires Index. Ambani’s net worth is estimated to be $109 billion at this time.

The main cause of Adani’s wealth increase is the notable increase in the stock prices of the Adani Group companies. This increase came after a research report from Jefferies highlighted the group’s aggressive plans for growth, which included investing $90 billion in capital projects over the next ten years. Investor confidence has increased significantly as a result of this positive outlook.

The Adani Group’s stocks saw a strong market reaction on Friday, increasing investor wealth and driving the group’s total market capitalization to a record intraday high. Even with the most recent change in the rankings, Ambani is still very powerful in India and throughout Asia. The business magnate is currently attending his youngest son Anant Ambani’s and Radhika Merchant’s pre-wedding festivities, demonstrating his high social standing.

The internet is ablaze with glimpses of the wedding celebrations, from Backstreet Boys’ contagious energy to Ranveer Singh posing beneath the starry sky. Shah Rukh Khan, Salman Khan, Alia Bhatt, Ranbir Kapoor, Kareena Kapoor, Karan Johar, and Janhvi Kapoor are among the other well-known figures present.

There’s a chance that more will join them when they visit Portofino, Cannes, and Rome.

Backstreet Boys members Nick Carter, Howie Dorough, Brian Littrell, AJ McLean, and Kevin Richardson can be seen performing their song “I Wanna Be with You” in a recently released video from the private cruise celebrations that went viral on social media. The actors are all dressed in white.

According to a report by Hindustan Times, word has it that Mr. Worldwide himself, Pitbull, Katy Perry, and Shakira might be the next performers to take the stage. Their performance captivated the audience and raised the bar for Katy, Shakira, and Pitbull. To match the vibe the boy band is creating, they’ll need to perform at their very best.