Lagatar24 Desk
New Delhi, Aug 30: Gautam Adani, the chairman of the business behemoth Adani Group, has surpassed Bernard Arnault of France to become the third-richest person in the world, according to the Bloomberg Billionaires Index.
With a total net worth of $137.4 billion, Adani (60) has overcome Arnault, chairman of Louis Vuitton, and is now third in the list of richest people, just behind Elon Musk and Jeff Bezos.
Mukesh Ambani, the CEO of Reliance, is ranked 11th in the most recent Bloomberg Billionaires Index with a net worth of $91.9 billion. It has never happened before for an Asian to be among the Bloomberg Billionaires Index’s top three.
The index is a daily listing of the richest persons in the world. On each billionaire’s profile page, there is a net worth analysis that includes specifics regarding the computations. Every trading day in New York comes to a close with an update of the numbers.
Elon Musk and Jeff Bezos currently have net worths of $251 billion and $153 billion, respectively. The Adani Group, which includes seven publicly listed companies with interests in energy, ports and logistics, mining and resources, gas, defence and aerospace, and airports, is run by Adani, a first-generation entrepreneur.
In various commercial sectors, the group has assumed a dominant position in India. The third-largest conglomerate in India is The Adani Group (after Reliance Industries and the Tata Group).
Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Power, Adani Total Gas, and Adani Transmission are the listed Adani group entities.
Adani Enterprises, the company’s flagship, has made significant investments in new emerging industries over the past five years, including airports, cement, copper refining, data centres, green hydrogen, petrochemical refining, highways, and solar cell production.
In the near future, it intends to enter the communications industry and has ambitious growth goals for both its green hydrogen and airports sectors.
