Gautam Adani Becomes 3rd Richest Person In World; Know His Net Worth

Date:


Gautam Adani has now become the world’s third-richest person. It’s the first time an Asian has broken into the top-3 of the Bloomberg Billionaires Index, with a net worth of $137.4 billion. He is now just behind Elon Musk and Jeff Bezos in the global ranking.

Telsa CEO Elon Musk has a net worth of $251 billion, while Amazon founder and CEO Jeff Bezos has a total worth of $153 billion. Gautam Adani, co-founder and chairman of the Adani Group, has left behind in the ranking business magnate Bernard Arnault, who is the co-founder of luxury fashion chain LVMH Moet Hennessy Louis Vuitton, commonly known as LVMH.

Gautam Adani, 60, has added $60.9 billion to his fortune in 2022 alone, five times more than anyone else, according to a Bloomberg report.

In July, according to the Forbes world’s richest list, Gautam Adani became the world’s fourth richest person, toppling Microsoft founder Bill Gates. Gautam Adani’s position got upped by one rank as Gates said that he would be donating $20 billion of his wealth to his non-profit organisation — Bill & Melinda Gates Foundation. Following this, Gautam Adani and Family took over Gates’ spot with their wealth of $115 billion, as per Forbes.

Forbes’ Real-Time Billionaires List pegged the Adani family’s wealth at $115.6 billion in July.

In April, Gautam Adani not only became the richest Asian but also swished past legendary investor Warren Buffett to become the fifth richest person of the world now. As per data by Forbes, Gautam Adani was then richer than the 91-year-old Wall Street investor by around $2 billion.

As per data from the Forbes’ Real-Time Billionaires List, Gautam Adani and his family in April had a net worth of $123.7 billion, while Warren Buffet had a $121.7 billion fortune. This came days after Forbes had listed Adani as the richest individual in Asia.

Gautam Adani’s businesses in India focus on several different sectors — from airports to green energy, he has it all. The business mogul has recently been concentrating on alternative energy business, at a time when the government is promoting green energy in the country.

The Adani Group has six publicly listed companies in India, including Adani Enterprises, Adani Green Energy, and Adani Power. “After the listing of the renewable energy company Adani Green, Gautam Adani’s Wealth increased nearly five times to $81 billion from $17 billion in 2020,” a report by Hurun India earlier this year noted.

Earlier in June, Adani had pledged to donate Rs 60,000 crore to charity to mark his 60th birthday. The donations are to be utilised in healthcare, education, and skill development, his logistics-to-energy conglomerate had said in a statement. It was largest charitable donations in Indian corporate history and joined the ranks of global billionaires like Mark Zuckerberg and Warren Buffett.

Read all the Latest Business News and Breaking News here



Source link

Share post:

Subscribe

Popular

More like this
Related

Biden to visit Florida and Puerto Rico to view hurricane devastation

The Federal Emergency Management Agency has prepared its...

Crypto Adoption in Sub-Saharan Africa Largely Driven by Retail and P2P Activities

While institutional traders are not prevalent in Sub-Saharan...

T1’s Worlds 2022 jersey invokes some classic SKT nostalgia

This League of Legends Worlds 2022...