Indian billionaire Gautam Adani has become the world's third richest man, according to Bloomberg and its Billionaires Index. With this, he also becomes the first Asian person to take this spot. His net worth is around $137 billion approximately.
He is placed just behind Tesla CEO Elon Musk and Amazon founder Jeff Bezos, whose fortunes are estimated at $251 billion and $153 billion, respectively.
Adani was already Asia's richest man. In February this year, he had overtaken businessman and managing director of Reliance Industries Limited (RIL), Mukesh Ambani, to enter the top 10 list of the world’s richest people.
Adani is the chairman and founder of the conglomerate Adani Group. He has seen his wealth skyrocket during the pandemic. His wealth rose by $12 billion over the past year.
His firm controls companies ranging from ports and aerospace to solar energy and coal. He turned a small commodities trading business into a big conglomerate.
According to Bloomberg, he has also benefited from an uptick in coal usage in recent months. He also owns 74 percent of Mumbai international airport. The Adani Group also controls the port of Mundra, the largest private port in India.
Last week, he came into the limelight by announcing a hostile bid to take over an influential broadcaster in India, New Delhi Television (NDTV). The deal is being conducted by AMG Media Networks, a unit of Adani's conglomerate.
According to media reports, some of Adani Group's listed stocks also soared more than 600 percent in the past two years. Adani-owned firms like Adani Total Gas Ltd and Adani Transmission Ltd also performed much better than other companies in 2021. Adani Total Gas Ltd and Adani Transmission Ltd jumped by about 370 percent and 250 percent, respectively, in the last year.
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