Gautam Adani Becomes World’s 5th Richest Person, Surpasses Mukesh Ambani & Warren Buffet
Gautam Adani‘s meteoric rise is only getting better. His net worth outperforms Warren Buffet & this made him the Richest Asian Billionaire and 5th richest person in the world.
Earlier this month, the Indian infrastructure tycoon acquired the richest Asian billionaire title in history.
His net worth figure as well as the ‘richest’ title is constantly rising. Adani has now surpassed Warren Buffett and become the world ‘s fifth richest person.
As of Friday’s market closing, Forbes estimates Adani’s net worth to be $123.7 billion, edging above Buffett’s wealth of $121.7 billion.
- Gautam Adani Joins the Elite $100 Billion Club
- The Richest Man In India, Surpasses Mukesh Ambani
- Again Becomes Richest Asian Billionaire
- Net Worth $123.7 Billion, Surpasses Warren Buffet
- The 5th Richest Person in The World
- Joins World’s Top 5 List after – Elon Musk, Jeff Bejos, Bernard & Bill Gates
Who is Gautam Adani?
Gautam Adani is the founder & chairman of the Adani Group, an Indian corporation with six publicly listed companies in the port and energy sectors.
Adani has driven ambitious development into renewable energy, media, airports, and other companies, and shares of each have risen between 19% and 195 percent this year.
Abu Dhabi’s International Holding Co., which is run by the brother of the UAE’s crown prince, made an investment of $2 billion in three of Adani’s green energy companies earlier this month.
He has stated that he aims to become the world’s largest green energy producer, with plans to invest up to $70 billion in renewable energy projects.
Adani, the son of a textile vendor, left college and founded a commodities export company in 1988.
By 2008, he had achieved billionaire status, making the Forbes list with an estimated $9.3 billion in wealth.
After expanding his empire, made many major acquisitions like –
- Purchase of 74% stake in India’s 2nd busiest airport, Mumbai International Airport, in 2020.
- $3.5 billion buyout of Softbank’s renewable energy unit in India.
- Acquired India’s biggest marine services company, Ocean Sparkle for $220 million.
Adani’s fortune soared from $8.9 billion just 2 years ago to an approximated $50.5 billion in March 2021, due to his surging share prices–then roughly doubled to an estimated $90 billion in March 2022, as Adani Group stocks jumped even further.
Adani’s estimated net worth of $123.7 billion making him India’s richest man, $19 billion more than the country’s second richest man, Mukesh Ambani, whose net worth is estimated at $104.7 billion.
He outperforms Warren Buffett, whose Berkshire Hathaway stock fell 2% on Friday during a widespread stock market fall in the United States.
As per the real-time calculation, there are 4 only four people on the planet are wealthier than Gautam Adani:
- Elon Musk
- Jeff Bejos
- Bernard Arnault &
- Bill Gates.
List Top 5 Richest Persons In The World
|1||Elon Musk||Tesla, SpaceX||United States||$269.7 Billion|
|2||Jeff Bezos||Amazon||United States||$170.2|
|4||Bill Gates||Microsoft||United States||$130.2|