Winning Bizness Desk
Mumbai. Indian tycoon and Adani Group founder Gautam Adani has become the first Asian to overtake France’s Bernard Arnault and acquired world’s third richest person. It’s the first time an Asian has broken into the top three of the Bloomberg Billionaires Index. The 60-year-old business tycoon has expanded his coal-to-ports conglomerate and ventured into everything from data centers to cement, media, and alumina. This highly rated business group owns India’s largest private-sector port, airport operator, city-gas distributor, and coal miner.
How wealthy is Gautam Adani?
Holding a $137.4 billion fortune, Gautam Adani is presently behind Elon Musk and Jeff Bezos of the US in the ranking. According to an agency report, the net worth of Elon Musk and Jeff Bezos is currently at $251 billion and $153 billion, respectively. Adani has surpassed the wealth of Bernard Jean Étienne Arnault, a French business magnate, investor, and art collector. Adani’s wealth soared by $60.9 billion in 2022, five times more than anyone else.
Overtook Mukesh Ambani as the richest Asian in February
Adani managed to overtake some of the world’s richest US billionaires partly due to their focus on philanthropy. Adani Initially overtook Mukesh Ambani as the richest Asian in February to become a centibillionaire in April and surpassed Microsoft Corp.’s Bill Gates as the world’s fourth-richest person in July. In July, Gates said he was transferring $20 billion to the Bill & Melinda Gates Foundation, while Warren Buffett has already donated more than $35 billion to the charity.
Adani Group is the third largest conglomerate
After Reliance Industries and the Tata Group, currently Adani Group is the third largest conglomerate in the country. Among the listed companies of the group are Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Power, Adani Total Gas, and Adani Transmission.The company aims to venture into the telecom space and has massive plans to expand its green hydrogen and airports businesses.