Gautam Adani becomes second richest person in the world

Due to a rapid rise in the value of the Adani Group equities, Gautam Adani's fortune increased and he now ranks as the second richest person in the world

September 16, 2022 2:10 IST | India Infoline News Service
Indian billionaire Gautam Adani, chairman of the Adani Group, has overtaken Jeff Bezos of Amazon to take second place in the world's wealth rankings. According to Forbes' real-time statistics, he is currently only behind Tesla CEO Elon Musk, who is still the richest person in the world with a net worth of $273.5 billion, according to LiveMint.
A significant increase in the value of the Adani Group equities propelled Adani's wealth, making him the second richest person in the world. Adani's net worth was $155.7 billion as of September 16, 2022, up $5.5 billion or over 4%, according to the Forbes real-time billionaires list. Gautam Adani's real-time net worth reflected the increase in the stock market as Adani Group equities Adani Enterprises, Adani Port, and Adani Transmission all reached new highs on the BSE in early Friday trading.
The head of the Adani Group has increased his wealth by more than $70 billion in 2022. (YTD). He passed Microsoft's Bill Gates to become the fourth-wealthiest person in the world last month after surpassing Mukesh Ambani as the richest Asian in February, becoming a billionaire in April, and passing Ambani.

The largest port operator in India is a firm with headquarters in Ahmedabad. Additionally, the business is the biggest seller and producer of tightly held thermal coal in India. In the year ending March 31, 2021, Adani Enterprises recorded $5.3 billion in revenue. The goal of Gautam Adani, who has pledged to invest up to $70 billion in renewable energy projects, is to be the greatest generator of green energy in the world.

According to March 2022 stock market records, he now owns 75% of Adani Enterprises, Adani Power, and Adani Transmissions. Adani Ports & Special Economic Zone, 61% of Adani Green Energy, and 37% of Adani Total Gas are also owned by him. Mukesh Ambani, chairman and managing director of Reliance Industries, is ranked seventh with a net worth of $92.3 billion.

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