Gautam Adani is world’s 3rd richest person

Thursday 08th September 2022 02:51 EDT
 
 

Gautam Adani's wealth has galloped over 13 times, over two and a half years. In January 2020, his net worth was about $10 billion. Recently, the Indian tycoon became the third richest person in the world with a net worth of $137.4 billion behind Tesla’s Elon Musk ($251 billion) and Amazon’s Jeff Bezos ($153 billion).

India's Mukesh Ambani, currently with a net worth of $92 billion, is 11th. Jack Ma, founder of Chinese e-commerce giant Alibaba, is at 35th place with a net worth of $33 billion. Adani, the promoter of Ahmedabad -based group, overtook French businessman Bernard Arnault, co-founder of world’s largest luxury brand LVMH.

Adani (60), whose business empire is spread over infrastructure to airports management and FMCG to cements, is the first Asian to break into the top three in the table of the richest people on earth. The Adani group has a combined market cap of a little over $250 billion. In the last two decades the group has entered several new businesses, through green field projects, acquisitions and joint ventures. It has set up thermal and renewable power generation projects, acquired several ports along India’s coastline and also set up power transmission lines across the country. It will be setting up data centres, and started its media business and has made huge investment commitments in the renewable energy space. The rapid rise of the group has also attracted investment from top firms such as Total Energies SE and Abu Dhabi’s IHC.


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