RIYADH: The wealth of the Indian billionaire Gautam Adani reached $88.5 billion on Monday, making him Asia’s richest man, according to the Bloomberg Billionaires Index.

Adani has overtaken the CEO of Reliance Industries, Mukesh Ambani, who has a net worth estimated at $87.9 billion.

The 59-year-old has added $12 billion to his fortune, making him the world’s largest wealth-gainer this year.

 His wealth is derived from shares of Adani Group, the conglomerate he founded.