Gautam Adani becomes the world’s 2nd richest person
Gautam Adani, chairman of the Adani Group, is currently the second-richest person in the world. As of September 16, 2022, Adani’s net worth was $155.7 billion, surpassing Jeff Bezos of Amazon, as per Forbes Real-Time Billionaires List. With only a net worth of $273.5 billion, Tesla CEO Elon Musk, who is still the richest person in the world, is now only slightly behind Adani.
Even though shares of Adani Group companies (Adani Port, Adani Enterprises, plus Adani Transmission) achieved record highs on Friday (September 16) on the BSE, Adani’s net wealth has increased.
Only one of the top 10 richest persons in the world had his net worth rise this year, Adani, who has added almost $70 billion to his fortune. He surpassed Bill Gates of Microsoft Corp. to become the fourth-richest individual in the world the previous month after becoming a billionaire in April.
Who is Gautam Adani?
Gautam Shantilal Adani, a billionaire industrialist from India, was born on June 24 of 1962. He is the founder and chairman of the Adani Group, an international corporation with offices in Ahmedabad that develops and operates ports around India. Additionally, Adani serves as the head of the Adani Foundation, which is primarily run by his wife, Priti Adani. He has a net worth of $154.9 billion as of 16 September 2022. He is the second richest person in the world as well as the richest person in Asia and India.
Adani shot into the top 3
With a net worth of $137.4 billion the previous month, Adani overtook the co-founder of the high-end clothing retailer LVMH Moet Hennessy Louis Vuitton, more famously known as LVMH, Bernard Arnault to become the very first Asian to reach the Bloomberg Billionaires Index’s 3rd place. In terms of global rankings, only Jeff Bezos and Elon Musk stood above him. He passed Bezos and took over and grabbed second place in less than a month.
With a net worth of $149.7 billion, Adani, though, continues to be wealthier than Jeff Bezos, the founder of Amazon, who is currently ranked fourth. Four of the counters have more than quadrupled so far, bringing the market capitalization of all Adani Group stocks to Rs 20.11 lakh crore around Thursday.
Top in top 10 richest people in the world
Bill Gates ($105.3 billion), Mukesh Ambani ($91.6 billion), Warren Buffett ($96.5 billion), and Google co-founders Larry Page ($89 billion) plus Sergey Brin ($85.4 billion) are also on the list of the top ten richest people in the world.
However, according to data on the Bloomberg Billionaires Index predicated on yesterday’s business closing figures, Adani is still in third place with assets worth more than $149 billion. On Friday, French business mogul Bernard Arnault was briefly surpassed by Indian billionaire Gautam Adani to grab second position in the global wealth rankings.
Adani group shares have increased despite some lawmakers as well as market observers voicing concerns about the conglomerate’s companies’ opaque shareholder arrangements as well as a dearth of analyst coverage. A number of the Adani group companies’ shares have surged by over 1,000% since 2020.
Another reason Adani has so far been able to surpass some of the wealthiest US billionaires this year, as per a Bloomberg study, is in part since some of the wealthiest Americans lately increased their donations. Whilst Warren Buffett has previously given the Bill & Melinda Gates Foundation over $35 billion, Bill Gates announced in July that he would be contributing $20 billion to the organization.
Adani is the only individual amongst some of the top 10 richest people in the world (apart from Mukesh Ambani) to have grown his wealth this year by $72 billion, in accordance with the Bloomberg Billionaires Index. The largest port operator throughout India and founder of the conglomerate Adani Group, Adani is 60 years old.
As per March 2022 stock exchange filings, the business tycoon owns 75% of the shares of Adani Power, Adani Enterprises, and Adani Transmissions. Additionally, he holds a 37% ownership in Adani Total Gas, a 65% stake in Adani Ports & Special Economic Zone, as well as a 61% stake in Adani Green Energy.