Business conglomerate Adani Group’s chairman Gautam Adani is now the world’s third-richest person after overtaking France’s Bernard Arnault according to Bloomberg Billionaires Index.
With a total net worth of USD 137.4 billion, 60-year-old Adani has surpassed the wealth of Louis Vuitton chairman Arnault and is now just behind business magnate Elon Musk and Jeff Bezos in the ranking.
In the latest Bloomberg Billionaires Index, Reliance chief Mukesh Ambani is at number 11 with a total USD 91.9 billion worth.
This is the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index
The index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York.
The net worth of Elon Musk and Jeff Bezos are currently at USD 251 billion and USD 153 billion, respectively.
Adani is a first-generation entrepreneur and the Adani Group comprises of 7 publicly listed entities with businesses spanning energy, ports and logistics, mining and resources, gas, defence and aerospace and airports. In each of its business areas, the Group has established a leadership position in India.
The Adani Group is the third largest conglomerate (after Reliance Industries and the Tata Group) in India.
Listed Adani group companies are Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Power, Adani Total Gas, and Adani Transmission.
Over the past 5 years, flagship company Adani Enterprises has invested heavily in new growth sectors that include airports, cement, copper refining, data centres, green hydrogen, petrochemical refining, roads and solar cell.