Indian billionaire industrialist Gautam Adani is now the third richest person on Earth, says the latest Bloomberg Billionaires data. With a net worth of $137 billion, the founder and chairman of Adani group comes next to Elon Musk and Jeff Bezos.
Tesla chief tops the coveted list with a net worth of $251 billion, while Amazon founder and CEO Jeff Bezos stands next with a net worth of $153 billion.
Gautam Adani eclipsed the net worth of French business tycoon and investor Bernard Arnault, the co-founder, chairman, and chief executive of LVMH Moet Hennessy Louis Vuitton, the world’s leading luxury brand.
According to the Bloomberg report, it will be a record that an Asian has debuted in the top three list of the wealthiest people in the world.
Another Indian Industrialist, Chairman, and managing director of Reliance Industries Ltd — Mukesh Ambani– is the eleventh-richest person in the world, with a $91.9 billion fortune.
Last month, Adani notched the fourth-richest person with a fortune of $113 billion, exceeding Microsoft Corporation co-founder Bill Gates’s net worth by $230 million, according to the Bloomberg Billionaires Index.
Adani added more than half a billion to his net worth in 2022 alone. He first usurped Mukesh Ambani as the richest Asian in February, turned centibillionaire in April, and throned as the world’s fourth-richest person in July.
Gautam Adani group is the largest coal trader and port operator in India. It has strategically foaryed into green energy segment and made substantial investments. The enterprise attracted revenue of $5.3 billion in the year ending March 31, 2021, the Bloomberg profile of the richest Asian highlights.
Last week, the Adani group made headlines across media channels because of the controversial acquisition of 29 percent stakes in NDTV. The Delhi-based news channel has claimed the deal to be subject to SEBI approval, but the conglomerate differs.
Fitch group unit CreditSights also raised questions on Adani Group’s debts. They called the ports-to-power-to-cement conglomerate deeply overleveraged and prone to a debt trap.