Gautam Adani overtakes Warren Buffett to become 5th richest person in the world

After becoming the richest businessman in Asia earlier this month, Gautam Adani is now among the top five richest people in the world. He has achieved this position, overtaking the world’s biggest investor Warren Buffet. According to the Forbes report, Gautam Adani’s total net worth is $ 123 billion on Monday. Whereas Warren Buffett is the 6th richest businessman in the world with $121.7 billion.

Gautam Adani is the chairman of Adani Group. Shares of seven companies have seen a significant increase in the year 2022. Shares of Adani Group companies have seen a rise of 19 to 195 percent this year. This year Gautam Adani has expanded a lot in the business of green energy, media, airport. Earlier this month, Abu Dhabi’s International Holding Company, run by the brother of the Crown Prince of the United Arab Emirates, invested $2 billion in three of Adani’s green energy-focused firms. He has said he wants to be the world’s largest producer of grill energy with a goal of investing up to $70 billion in renewable energy projects.

Gautam Adani, the son of a textile merchant, dropped out of college midway and started a commodity export firm in 1988. By 2008, he became a billionaire and, for the first time, joined the Forbes ranks, with an estimated worth of $9.3 billion. After expanding the empire with major acquisitions such as the 2020 buyout of a 74 per cent stake in India’s second busiest Mumbai International Airport and SoftBank’s $3.5 billion purchase, his net worth really began at the start of the Covid-19 pandemic. . Just two years ago his net worth was $8.9 billion. Which reached an estimated $50.5 billion in March 2021. Then almost doubling to an estimated $90 billion by March 2022.

At present, the estimated net worth of Gautam Adani is $123 billion. After which he has become the richest person not only in India but in Asia. He has left behind his own compatriot businessman Mukesh Ambani. Who currently has a net worth of $103.4 billion. This means that Gautam Adani has about $ 20 billion more assets than Mukesh Ambani. On the other hand, amidst a fall in the US stock market, the shares of famous investor Warren Buffett’s company Berkshire Hathaway fell by 2 percent on Friday. Because of which he has lagged behind Gautam Adani.

These are the five richest people in the world
According to Forbes’ real-time billionaire tracker, Adani now has only four people compared to Microsoft cofounder Bill Gates (estimated at $130.2 billion), French luxury goods king Bernard Arnault ($167.9 billion), Amazon founder Jeff Bezos ($170.2 billion). ) and Tesla and SpaceX chief Elon Musk ($269.7 billion) are wealthy.

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