Gautam Adani Regains Title Of World’s Third Richest Man; Surpassing Jeff Bezos Who Lost $1 Billion In One Day
November 1, 2022: Gautam Adani has again overtaken Amazon founder Jeff Bezos, whose fortune fell by $1 billion on Monday after Amazon’s stock plunged.
Meanwhile, the $1.37 billion gain took Gautam Adani’s fortune to $126 billion, making him the third richest in the world behind Louis Vuitton’s Bernard Arnault.
India’s richest tycoon Gautam Adani‘s wealth surged past $1 billion on Monday as Indian stocks rallied, pushing him back to No. 3 on the Bloomberg Billionaires Index.
Gautam Adani returned to the position it won for the first time on August 30 this year. The Adani Group chairman has again taken a swipe at Amazon founder Jeff Bezos, whose fortune fell by $1 billion on Monday after Amazon’s stock plunged.
On the other hand, the $1.37 billion gain pushed Gautam Adani’s wealth to $126 billion, making him the third richest person in the world after Louis Vuitton’s Bernard Arnault, who is currently the second richest person in the world with a net worth of $138 billion.
The list is still dominated by Elon Musk, CEO of Tesla and now the new owner of Twitter, with a net worth of $203 billion.
He is the only person on the list with a net worth of more than $150 billion as of Monday’s end. Gautam Adani became the third richest in the world Meanwhile, Gautam Adani became the first Asian to make it to the top 3 of the Bloomberg Billionaires Index on August 30, beating Louis Vuitton chairman and CEO Bernard Arnault.
At that time, his wealth was estimated at 137.4 billion dollars. No Asian made it to the top three in the Bloomberg Billionaires Index, including China’s Jack Ma and India’s second-richest person Mukesh Ambani.
After about a fortnight in September, India and Asia’s richest man overtook Bezos to become the second richest person in the world.
However, a few days later the billionaire slipped to third place and Bezos regained his second place by a narrow margin. Meanwhile, Gautam Adani is expected to invest more than $150 billion in group businesses like airports, green energy, airports and healthcare in a bid to fetch a $1-trillion valuation tag.
These group companies are active in sectors including ports, airports, roads, renewable energy, power transmission, gas distribution, petrochemicals, FMCG, cement and media.
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