Gautam Adani during the India Economic Conclave session on Thursday, April 21, 2022, in Mumbai.
Adani Group Chairman Gautam Adani has become the fifth richest person in the world, according to Forbes figures. The 59-year-old Adani achieved this feat by beating veteran investor Warren Buffett.
At the close of the market on Friday, Adani’s net worth rose to US$123.7 billion, while Warren Buffett (91) had a net worth of US$121.7 billion.
Adani’s estimated USD 123.7 billion net worth makes him the richest person in India, who is US$19 billion more wealth than the country’s No. 2 Mukesh Ambani, who is the chairman of Reliance Industries. According to Forbes, his net worth is estimated at $104.7 billion.
Adani overtook Buffett on Friday, with shares of renowned investor Berkshire Hathaway down 2 per cent on Friday amid a sharp fall in the US stock market.
According to Forbes’ real-time billionaire tracker, there are now only four people richer than Adani in the world. The four people richer than Adani include Microsoft co-founder Bill Gates (estimated at USD 130.2 billion), French luxury goods king Bernard Arnault (USD 167.9 billion), Amazon founder Jeff Bezos (USD 170.2 billion) and Tesla and SpaceX chiefs. . Elon Musk (269.7 billion USD).
Headquartered in Ahmedabad, the Adani Group has diverse businesses with interests in logistics (ports, airports, logistics, shipping and rail), processing, power generation and distribution, renewable energy, gas and infrastructure, agriculture (commodities, edible oil). Has a wide portfolio. food products, cold storage and grain silos), real estate, public transport infrastructure, consumer finance and defence, and other sectors.
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