December 8, 2022

The Shining Media

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Gautam Adani drops to third place in the list of billionaires

Gautam Adani, the chairman of the Adani Group and an Indian billionaire who just passed Jeff Bezos of Amazon to claim the title of second-richest man in the world, is currently ranked third on the Bloomberg Billionaires Index.

Gautam Adani, the chairman of the Adani Group and an Indian billionaire who just passed Jeff Bezos of Amazon to claim the title of second-richest man in the world, is currently ranked third on the Bloomberg Billionaires Index. With this, Jeff Bezos has narrowly recovered second place on the list of top billionaires, where he previously held it.

Adani’s net worth is $135 billion (about 10.98 lakh crore), while Jeff Bezos’ net worth is $138 billion (roughly 11.23 lakh crore), according to statistics from the Bloomberg Billionaires Index that was updated on the Internet at 11:20 a.m.

According to the most recent statistics, Bezos recovered $1.36 billion to regain his second place while Gautam Adani lost $6.9 billion, dropping him to third place. Elon Musk, the CEO of Tesla, has maintained his top spot with a net worth of $245 billion (19.93 lakh crore).

Mukesh Ambani, the chairman of Reliance, is currently ranked 11th with an estimated net worth of $82.4 billion (about 6.70 lakh crore), falling out of the top 10 list of billionaires.

According to the world billionaires list, Adani, Bezos, and Bernard Arnault, the CEO of Louis Vitton, have been in a close race recently. The 60-year-old Gujarati businessman overtook Arnault to take second position in the standings.

He first eclipsed Mukesh Ambani as the wealthiest Asian in February of this year, hit the billionaire mark in April, and last month passed Bill Gates of Microsoft Corp. to become the fourth-richest person in the world.

The largest port operator in India and founder of the conglomerate Adani Group is 60-year-old Gautam Adani. The infrastructure company, which has its headquarters in Ahmedabad, India, is also the country’s biggest trader and producer of tightly controlled thermal coal.

He entered the cement industry significantly in May 2022 when he triumphed in the competition to buy the Indian cement division of Swiss multinational Holcim for $10.5 billion. According to March 2022 stock exchange records, he holds 75% of Adani Enterprises, Adani Power, and Adani Transmissions. Additionally, he holds a 37% stake in Adani Total Gas, a 65% stake in Adani Ports & Special Economic Zone, and a 61% stake in Adani Green Energy.

Simpi Kumari did B.A. in Journalism and Mass Communication from LNMU Bihar and Masters from Chandigarh University. She is a passionate blogger, who understands the power of words and has a keen interest in writing articles and news story. Simpi is currently working as an intern at TheShiningMedia.in. Simpi’s strength are self motivated hard work and a disciplined person. She is reachable on simpibgs1999@gmail.com