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Gautam Adani becomes fourth richest person of the world

The meteoric rise of Gautam Adani in the last three years made him the fourth richest person in the world. The Bloomberg list of richest persons shows that this 60 year old Indian businessman surpassed Microsoft co-founder Bill gates to reach this feat

Gautam Adani
Gautam Adani

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Published : Jul 21, 2022, 1:06 PM IST

New Delhi:Indian businessman Gautam Adani has become fourth richest person of world surpassing Microsoft co founder Bill Gates. Sixty years old Adani net worth reached $115.5 billion on Thursday while Gates net worth is $104.6 billion. Mukesh Ambani with net worth $90 billion ranked 10th on the list.

Tesla and SpaceX founder Elon Musk, who has been into a huge controversy after he dropped down his decision to buy twitter, topped the list with $235.8 billion. The Adani group Chairman who has meteoric rise in the last ten years came to limelight after he turned his small commodities trading business into a conglomerate spanning ports, mines and green energy.

"Some of Adani Group's listed stocks have soared more than 600% in the past two years on bets his push into green energy and infrastructure will pay off as PM Modi looks to revive the $2.9 trillion economy and meet India's carbon net-zero target by 2070," Bloomberg had recently reported when he overtook Mr Ambani as Asia's richest person.

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"In barely three years, Adani has gained control of seven airports and almost a quarter of India's air traffic. His group now owns the country's largest airport operator, power generator and city gas retailer in the non-state sector," the business news agency added. Adani on Thursday said the group has won the tender for the privatisation of a port in Israel in partnership with Gadot.

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