Gautam Adani Overtakes Bill Gates To Become 4th Richest Person In The World
According to Forbes’ Real-Time Billionaires List, Indian businessman Gautam Adani becomes the world’s fourth richest person leaving behind Microsoft co-founder Bill Gates. Adani is worth $115.7 billion and Gates $104.6 billion. In the last 24 hours, Adani gained $337 million, Forbes’ website showed. Tesla and SpaceX founder Elon Musk tops the list with wealth put at $235.8 billion.
Second on the list comes Bernard Arnault, founder and chairman of Louis Vuitton with a wealth of $156.7 billion, followed by former Amazon CEO, Jeff Bezos, with a wealth of $148.4 billion. Mukesh Ambani, chairman and managing director (MD) of Reliance Industries, is 10th on Forbes’ list with a total wealth of $90 billion. Adani and Ambani are the only Indians on Forbes’ top 10 list.
About Gautam Adani
Gautam Adani is the chairman and founder of the Adani Group. The Group’s diverse businesses include port management, electric power generation and transmission, renewable energy, mining, airport operations, natural gas, food processing and infrastructure. He is also the president of the Adani Foundation. In March 2020, he contributed ₹100 crores (US$13 million) to the PM Cares Fund. He also contributed ₹5 crores to the Gujarat CM Relief Fund and ₹1 crore (US$130,000) to the Maharashtra CM Relief Fund.
Adani Group Future Plans
A Bloomberg report states that” Some of Adani Group’s listed stocks have soared more than 600% in the past two years on bets his push into green energy and infrastructure will pay off as PM Modi looks to revive the $2.9 trillion economy and meet India’s carbon net-zero target by 2070,”
“In barely three years, Adani has gained control of seven airports and almost a quarter of India’s air traffic. His group now owns the country’s largest airport operator, power generator and city gas retailer in the non-state sector,” it said.
Currently, Adani has been planning to foray into the telecom sector and compete with some of the top telcos like Bharti Airtel, and Reliance Jio. Liked this post? Don’t forget to check out our other short stories in our Quick Read section.