The Indian coal mining tycoon Gautam Adani has become Asia’s richest person thanks to a push into green energy that has boosted his fortune to $88.5bn.

Adani has overtaken fellow countryman Mukesh Ambani to enter the top 10 of the world’s richest people, according to figures from Forbes and Bloomberg, after seeing his personal fortune rise by $12bn in the past year.

Among the mega-rich whom Adani has leapfrogged to reach the world top 10 are Facebook founder Mark Zuckerberg, who slipped down the table several places last week after losing $30bn of his personal fortune.

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Reliance Industries Ltd., the company of Indian billionaire Mukesh Ambani, will invest Rupees 750 billion ($10 billion) in green energy within 3 years under the “Green Vision” plan announced.

Stating that Reliance will create a fully integrated, end-to-end renewable energy ecosystem, Ambani announced to shareholders that it will invest over Rs 600 billion to build four “giga factories” in the Indian State of Gujarat. Ambani also stated that they will invest an additional Rupees 150 billion in value chain, partnerships and future technologies, including the oil and gas exploration and production sectors.

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