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Sunday, October 1, 2023

Gautam Adani Becomes World’s Third Richest Person

He became the first Asian to accomplish the huge fortune of $137.4 billion, exceeding Bill Gates and Bernard Arnault's deep pockets

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INDIA: Adani Group chairman Gautam Adani listed himself in the top three of the Bloomberg Billionaires Index. He became the first Asian to accomplish the huge fortune of $137.4 billion, exceeding Bill Gates and Bernard Arnault’s deep pockets.

The Adani group holds India’s largest private-sector port and airport operation. The 60-years-old is presently the country’s largest city-gas distributor and coal miner.

Gautam Adani’s success story

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Unlike many businessmen, Gautam Adani didn’t acquire business from his father. His story is not an ordinary rag to riches story. But it is an extraordinary tale of a man who did not accept his fate as it as. Instead, he worked hard to change it to make a substantial mark in the business world.

The businessman, who became a centibillionaire, overtook Reliance Industries chairman Mukesh Ambani who continues to hold the 11th position in the list with a fortune of $91.9 billion.

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Initially, Gautam Adani started as a diamond trader before trying his hands in the field of coal. Prime Minister Narendra Modi played an important role in being the pillar of support to Adani’s business. He helped him build a strong grip on green energy and infrastructure and gained investments from firms like Warburg Pincus and TotalEnergies SE.

Adani now inherits $60.9 billion to his fortune in 2022, all by himself, which is five times more than anyone. On his 60th birthday, the business tycoon pledged to donate $7.7 billion for social causes like healthcare, education, and skill development, emphasizing rural India.

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Currently, the net worth of Elon Musk and Jeff Bezos is at $251 billion and $153 billion, and the first-generation entrepreneur is just two steps away from them.

In the recent five years, the Adani flagship company has invested heavily in new growth sectors, making India’s third largest conglomerate after Reliance Industries and Tata Group. The name Adani is certainly unfamiliar to everyone, but in the past, his popularity reached sky heights.

Also Read: Gautam Adani Is Now the World’s Fourth Richest Person, Overtakes Bill Gates


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