Adani overtakes Ambani to become Asia’s richest

Tycoon Gautam Adani has overtaken fellow Gujarat business czar Mukesh Ambani to become Asia’s richest person, as a sustained rally in shares of his ports-to-energy conglomerate lifted his net worth.

With a net worth of $92.6 billion, Mr. Adani surpassed Mr. Ambani, whose fortune stands at $90.8 billion, to become the richest person in India and Asia, according to the latest billionaire rankings.