World richest man: Adani beats Arnault as group stocks rally to become world’s 2nd richest person
World richest man: The Indian billionaire Gautam Adani briefly surpassed French business magnate Bernard Arnault to become the world’s second richest person on Friday.
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Gautam Adani briefly surpassed French business magnate Bernard Arnault as the world’s second richest person on Friday. LVMH Mot Hennessy – Louis Vuitton SE, co-founder, chairman, CEO Arnault, and his family are worth $155.4 billion, according to Forbes’ Real-Time Billionaires List.
Tesla chief Elon Musk is now worth $273.5 billion, just behind Adani. Mukesh Ambani, who has a fortune of $92.2 billion, is now ranked 8th on the Forbes list of the world’s wealthiest people. Jeff Bezos, founder of Amazon, comes in third with a net worth of $149.7 billion, followed by Microsoft founder Bill Gates ($105.3 billion), Larry Ellison ($98.3 billion), and Warren Buffet ($96.5 billion).
Only last month, Adani became the world’s third-richest person, surpassing Gates. Adani’s Forbes ranking jumped due to the massive surge in his fortune due to the rally in Adani Group shares this year.
Apart from Adani and Musk, all the other billionaires in the top 10 saw their net worth decline on Friday. Compared to yesterday, Adani’s fortune rose nearly $5 billion, while Anault’s net worth decreased by $3.1 billion, or 1.97%. Recent increases in Adani Group stocks have played a significant role in Adani’s climb up the ranks. Several Adani Group stocks hit record highs on the BSE in Friday’s early deals, contributing to a rise in the chairman’s real-time net worth.
Despite concerns raised by lawmakers and market watchers about opaque shareholder structures and a lack of analyst coverage, Adani group shares have soared. Adani group company shares have rallied over 1,000% since 2020.
Adani has moved past some of the world’s wealthiest US billionaires this year partly due to some US billionaires boosting their philanthropies, according to a Bloomberg report. Warren Buffett has already donated more than $35 billion to the Bill & Melinda Gates Foundation, which Bill Gates transferred $20 billion to.
Among the world’s 10 wealthiest people, only Adani has increased his net worth this year, according to Bloomberg Billionaires Index. Founder of conglomerate Adani Group, India’s largest port operator, Adani is 60 years old.
Adani Enterprises, Adani Power and Adani Transmissions are owned by the billionaire to the tune of 75%, according to March 2022 stock exchange filings. Adani Total Gas, Adani Ports & Special Economic Zone, and Adani Green Energy are also owned by him.
FAQ
What is Adani famous for?
Adani Group has emerged as a market leader for its transport logistics and energy utility portfolio businesses, which focus on large scale infrastructure development in India with benchmarked O & M practices.
Are Adani Jains?
Infancy. Shantilal and Shantaben Adani raised Adani in a Gujarati Jain family in Ahmedabad, Gujarat. Originally from the northern part of Gujarat, his parents migrated from the town of Tharad. He was the son of a small textile merchant.
Who is the CEO of Adani?
Karan Adani
Which companies are under Adani?
Companies
- Adani Enterprises.
- Adani Green Energy.
- Adani Ports & SEZ.
- Adani Transmission.
- Adani Total Gas.
- Adani Power.
- Adani Wilmar.
- Other.
Who is the richest person in India?
Gautam Adani’s holdings in Adani Group companies have grown by $112 billion in the last two years, the most among billionaires… He has been expanding his coal-to-ports conglomerate by entering the data centre and cement industries.
Is Adani in debt?
Adani Transmission’s earnings before interest, tax, and amortisation (EBITDA) estimate has been revised to 52 billion rupees ($652.45 million) from 42 billion rupees earlier. The company revised its gross debt estimate for Adani Power from 582 billion rupees to 489 billion rupees.
Who is the richest man in Asia?
Gautam Adani became the world’s richest man this year and became Asia’s richest man. Bloomberg Billionaires Index estimates Adani’s net worth at $126 billion, making him richer than Warren Buffett.
How rich is Adani?
The Bloomberg Billionaires Index has ranked Indian billionaire Gautam Adani as the world’s fourth richest person, surpassing Microsoft Corporation co-founder Bill Gates by $230 million.
Who is more rich, Ambani or Adani?
According to the Bloomberg Billionaires Index, Adani is worth US$125 billion, more than Warren Buffett and Bill Gates combined. After his wealth skyrocketed by US$12 billion in the first two months of 2022, he overtook Ambani to become Asia’s richest man.
Who is no 1 businessman in India?
The richest Indian has been Mukesh Ambani for 13 consecutive years. According to Forbes, he is currently the 12th richest person in the world. India’s richest woman is currently Savitri Jindal, ranked 9th on the Forbes list.
Who is the No 1 richest man?
Bill Gates, cofounder of the Bill & Melinda Gates Foundation, has a net worth of $113 billion. Bill Gates founded Microsoft along with Paul Allen and eventually sold off most of his stake in the company, retaining just 1% of shares and investing the remainder in stocks and other assets.
Who was India’s first billionaire?
Reliance Industries’ Mukesh Ambani has been the richest Indian since 2008.
Which country has the most billionaires?
According to Hurun’s Global Rich List 2022, China hosted the most billionaires worldwide. A total of 1,133 billionaires live in China, the most populous country on the list. In comparison, there were 716 billionaires in the United States