Asia’s richest man loses his crown


Gautam Adani, the founder and chairman of the group, has lost his status as Asia’s richest man to Mukesh Ambani, the chairman of Reliance Industries. The losses mark a dramatic setback for Gautam Adani, the school-dropout-turned-billionaire whose fortunes rose rapidly in recent years in line with stock values of his businesses that include ports, airports, mining and cement. The tycoon – who has slipped out of top 10 on the Forbes rich list on 1st February is fighting to stabilise his companies and defend his reputation.