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    Gautam Adani world’s second richest billionaire?

    Left To Right: Elon Musk, Jeff Bezos, Gautam Adani
    Credit: The Munsif Daily

    Gautam Adani world’s second richest billionaire? Well you’ll think why question mark I have given. The statement and pictures below will clear whether or Gautam Adani ranks second in world’s billionaire list.

    All about Gautam Adani positioning world’s second richest billionaire position!

    Gautam Adani surpassed French businessman Bernard Arnault the second-richest person in the world on Friday. But this was for a brief period of time. According to the Forbes Real-Time Billionaires List Adani and his family’s net worth increased to $155.4 billion. This surpassed the value of LVMH Mot Hennessy-Louis Vuitton SE, co-founder, chairman, and CEO Arnault.

    Forbes List depicting Gautam Adani On third position
    Credit: Forbes Adani is still third billionaire in the world. But it’s absolutely true he became second billionaire in the world but only for a short span.

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    With a net worth of $273.5 billion, Tesla CEO Elon Musk is currently barely ahead of Adani. Mukesh Ambani ranks eight with a net worth of $92.2 billion. There are now two Indians in the top 10 of the Forbes list. With a net worth of $149.7 billion, Amazon founder Jeff Bezos ranks third, behind Microsoft co-founder Bill Gates (105.3 billion), Larry Ellison (98.3 billion), and legendary Wall Street investor Warren Buffet (96.5 billion).

    Lasts month Stats

    Adani only overcame Gates to move up to third place in terms of wealth last month. Due to the enormous increase in his wealth brought on by the Adani Group shares rising this year, Adani’s rating on Forbes has increased. All of the other billionaires in the top 10 suffered a fall in their net worth on Friday, with the exception of Musk and Adani. Adani’s wealth increased by about $5 billion today, while Anault’s net worth decreased by $3.1 billion, or 1.97%. The recent increase in the value of Adani Group equities is the main factor that has helped Adani move up the rankings. Among the Adani Group equities to reach record highs on the BSE on Friday were Adani Enterprises, Adani Port, and Adani Transmission.

    Gautam Adani Image
    Credit: The Indian Express

    Adani Group shares have increased despite some lawmakers and market observers voicing concerns about the conglomerate’s companies’ opaque shareholder arrangements and a lack of analyst coverage. Since 2020, several shares of companies in the Adani group have increased by more than 1,000%. Another reason Adani has been able to surpass some of the wealthiest US billionaires this year, according to a Bloomberg study, is in part because some of the wealthiest Americans have lately increased their donations. While Warren Buffett has previously given the Bill & Melinda Gates Foundation more than $35 billion, Bill Gates announced in July that he would be contributing $20 billion to the organization.

    What Bloomberg Billionaires Index depicts?

    According to the Bloomberg Billionaires Index, Adani has increased his wealth by $72 billion so far this year. This makes him the only person among the top 10 richest people in the world (apart from Mukesh Ambani) to have had his net worth rise this year. The largest port operator in India and founder of the conglomerate Adani Group, Adani is 60 years old. According to March 2022 stock exchange filings, the billionaire owns 75% of the shares of Adani Enterprises, Adani Power, and Adani Transmissions. Additionally, he holds a 37% ownership interest in Adani Total Gas, a 65% stake in Adani Ports & Special Economic Zone, and a 61% stake in Adani Green Energy.

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