India’s Gautam Adani climbs the ladder to become the World’s 3rd Richest Man

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    According to the Bloomberg Billionaires Index, 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.

    With a total net worth of USD 137.4 billion, 60-year-old Adani is now just behind corporate moguls Elon Musk and Jeff Bezos in the leaderboard after surpassing the riches of Louis Vuitton chairman Arnault.

    Mukesh Ambani, the CEO of Reliance, is ranked 11th in the most recent Bloomberg Billionaires Index with a total net worth of USD 91.9 billion. It has never happened before for an Asian to be among the Bloomberg Billionaires Index’s top three.

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    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 each have a net worth of $251 billion and 153 billion dollars, respectively.

    The Adani Group, which includes 7 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. The Group has developed a strong presence in India as a leader in each of its business sectors.

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    After Tata Group and Reliance Industries, the Adani Group is India’s third-largest conglomerate.

    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.

    Airports, cement, copper refining, data centres, green hydrogen, petrochemical refining, highways, and solar cell manufacturing are just a few of the new emerging industries that Adani Enterprises’ flagship firm, Adani, has made significant investments in over the past five years.

    credit: google

    In the near future, it intends to enter the communications industry and has ambitious growth goals for both its green hydrogen and airports sectors.

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    The Group has revealed plans to build two facilities in Odisha that might cost more than Rs 580 billion combined: a 30 mtpa iron ore beneficiation plant and a 4.1 mtpa integrated alumina refinery.

    He informed shareholders at the group’s annual general meeting in late July that the Adani Group had decided to donate Rs 60,000 crore as part of its corporate social responsibility to the community to charitable projects related to healthcare, education, and skill development, focusing particularly on rural India.

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