Gautam Adani

With this, Adani becomes the first Asian to make it to the list of top three wealthiest people in the world. He falls after Elon Musk, Jeff Bezos, ...

However, NDTV has said the deal is subject to market regulator SEBI’s nod. Gautam Adani in the last few years, has ventured into various new sectors, ranging from data centres to cement, media and alumina. Adani Enterprises reported a revenue of $5.3 billion in the year ending March 31, 2021, highlights Adani’s Bloomberg profile.

Gautam Adani has now become the world's third-richest person. It's the first time an Asian has broken into the top-3 of the Bloomberg Billionaires Index, ...

“After the listing of the renewable energy company Adani Green, Gautam Adani’s Wealth increased nearly five times to $81 billion from $17 billion in 2020," a report by Hurun India earlier this year noted. Earlier in June, Adani had pledged to donate Rs 60,000 crore to charity to mark his 60th birthday. This came days after Forbes had listed Adani as the richest individual in Asia. As per data by Forbes, Gautam Adani was then richer than the 91-year-old Wall Street investor by around $2 billion. Gautam Adani, co-founder and chairman of the Adani Group, has left behind in the ranking business magnate Bernard Arnault, who is the co-founder of luxury fashion chain LVMH Moet Hennessy Louis Vuitton, commonly known as LVMH. It’s the first time an Asian has broken into the top-3 of the Bloomberg Billionaires Index, with a net worth of $137.4 billion.

Chairperson of Adani Group Gautam Adani has become the third richest person in the world, as per the latest Bloomberg Billionaires data.

- 00:40 - 01:54 - 08:44

The centibillionaire's net worth has surged $60.9bn in 2022 as he continues to expand his conglomerate.

Now, the Indian businessman, a university dropout who first tried his luck as a diamond trader before turning to coal, has become the [world’s third-richest person](https://www.thenationalnews.com/business/money/2022/07/22/indias-gautam-adani-becomes-worlds-4th-richest-person-after-overtaking-bill-gates/). - Larry Ellison - $93.3bn - Larry Page - $100bn - Warren Buffett - $100bn - Bill Gates - $117bn - Gautam Adani - $137.4bn

Few outside of India had heard of Gautam Adani just a few years ago. Now the Indian businessman, a college dropout who first tried his luck as a diamond ...

With a $137.4 billion fortune, Adani has overtaken France’s Bernard Arnault and now trails just Elon Musk and Jeff Bezos of the US in the ranking. Now the Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, has become the world’s third-richest person. It’s the first time an Asian person has broken into the top three of the

Billionaire becomes first Asian person to break into the top three of world's wealthy.

Many of his businesses are involved in natural gas, coal mining and electricity generation, and are likely to have benefited from the global energy price surge. Adani took the third spot after leapfrogging Bernard Arnault, the French billionaire who owns most of the luxury brand portfolio LVMH. Adani’s company bought all six and became the country’s biggest airport operator.

Harish Damodaran writes: The Adani case is interesting, both for the sheer breadth of industries it operates in and how fast this group — unlike the ...

Here, it was a fourth driver — “animal spirits” — that spurred the likes of Dalmia (even the Birlas, Singhanias and Bangurs) to invest in multiple unconnected industries. The ultimate restraining force is, perhaps, the share prices of group companies. The second is leverage or the ability to mobilise external capital, both debt and equity, on the strength of not just a firm’s balance sheet, but also the promoter’s reputation. [the world’s third richest man](https://indianexpress.com/article/business/adani-becomes-worlds-third-richest-person-after-wealth-surges-8119911/), Gautam Adani’s rise is more spectacular than even that of Dhirubhai Ambani. A third driver is the political connections enjoyed by certain groups. The bulk of Indian corporate houses are, however, focused and big in not more than 3-4 industries. The latter began with ‘Vimal’ in the late 1960s and, by 1990, had turned Reliance into India’s third biggest house after Tata and Birla. This was followed by forays into banking (Bharat Bank), coal mining, vanaspati and biscuit-making, and purchases of the Dehri-Rohtas Light Railway, three Andrew Yule jute mills and the motor vehicles firm Allen Berry from their British managing agencies. Even the much-diversified Aditya Birla Group has exited fertilisers, petroleum refining and palm oil, and almost done so in telecom. From setting up the Mundra Port at Gujarat that commenced operations in October 1998, to becoming The culmination was building its own refinery (the world’s largest) and moving further “upstream” into oil and gas production-cum-exploration. But the extent of its horizontal diversification isn’t comparable to Adani’s.

This is the first time when an Asian was ranked among the top 3 in their most richest list. · 1. Elon Musk: · 2. Jeff Bezos: · 3. Gautam Adani: · 4. Bernard Arnault ...

Elon Musk: The Tesla chief is on the top of the rankings with a fortune of $251 billion. Gautam Adani: The latest entrant in the list, Adani has a net worth of $137 billion. Bernard Arnault: Bernard is the richest person in France with a net worth of $136 billion. [Amazon](https://www.financialexpress.com/about/amazon/?utm_source=fe_Story&utm_medium=fe_Tags&utm_campaign=referral) – has a net worth of $153 billion. Bill Gates: The co-founder of the world’s biggest software making company Microsoft, Gates has amassed a fortune of $117 billion. Warren Buffet: The Berkshire Hathaway chief, Buffet has a net worth of $100 billion. Larry Ellison: The founder of database company Oracle, Ellison has a net worth of $93.3 billion. Steve Ballmer: The former Microsoft CEO has a net worth of $93.7 billion. Larry Page: Page is the other co-founder of Alphabet and his net worth, according to the Index, is $100 billion. With this latest commotion in the list, here are the updated rankings of the world’s top 10 wealthiest individuals in ascending order of net worth: And this update comes in the form of Gautam Adani, founder of the Adani Group, who is now the third richest individual in the world, according to the Bloomberg Billionaires Index. There is an update in the list of the world’s richest people.

He made his fortune in ports and commodities trading and now operates India's third-largest conglomerate.

Born in the city of Ahmedabad in the western state of Gujarat to a middle-class family, Adani dropped out of college to work briefly in the diamond industry before starting his export business in 1988. Stock price surges in other group companies including Adani Transmission, Adani Power, Adani Ports and Adani Green Energy have catapulted Adani past fellow Indian billionaire Mukesh Ambani. Shares in the flagship Adani Enterprises — of which the billionaire owns 75 per cent — have soared more than 2,400pc since March 2020, and doubled in value in the past six months.

Shares of Adani Power have tripled, while those of Adani Transmission and Adani Total Gas have doubled so far in current year. Every sell-off received ...

More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.

OVERLEVERAGED? Market watchers and lawmakers have raised concern over the group's debt-funded expansion and opaque shareholder structure. Bloomberg.

Evergreen International Corp (長榮國際), a major shareholder of EVA Airways Corp (長榮航空), yesterday denied that it had invested in Starlux Airlines Co (星宇航空), although it said that Evergreen chairman Cheng Shen-chih (鄭深池) has personal shares in the start-up airline. There is no guarantee that Micron will make an investment of that magnitude, and a company spokeswoman declined to comment on the potential spending. The billions of dollars spent on philanthropy have pushed them lower on the Bloomberg wealth ranking. The two, along with Gates’ ex-wife Melinda French Gates, started the Giving Pledge initiative in 2010, vowing to give away most of their fortunes in their lifetimes. Now the Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, has become the world’s third-richest person. Adani, 60, has spent the past few years expanding his coal-to-ports conglomerate, venturing into everything from data centers to cement, media and alumina.

The Bloomberg Wealth Index, which traces the fortunes of the world's wealthiest people on a day-to-day basis, reckons Adani's worth at $137 billion which puts ...

The Bloomberg Wealth Index places Ambani in 11th position, worth $91.9 billion. In March, when Forbes published its annual Rich List for 2022, Adani was reckoned to be worth $90 billion and 11th richest in the world. That means in just five months Adani’s has climbed by an extraordinary $56 billion. Whether he’s in third or fourth position, Adani is continuing a vertiginous ascent that has whisked him well past globally famous billionaires like Microsoft founder Bill Gates and Berkshire Hathaway’s nonagenarian stock market wizard Warren Buffett. Group flagship Adani Enterprises has continued its speedy upward trajectory, climbing by Rs 181.85, or 6.04 per cent, in the last five trading days. But it says that the tycoon is still in fourth position.

Gautam Adani sits behind only Amazon founder Jeff Bezos ($153 billion) and Tesla CEO Elon Musk ($251 billion) on the rich list.

The 60-year-old passed Bill Gates on the rich list in July after Gates announced he would be giving $20 billion to the Bill & Melinda Gates Foundation. Additionally, a boost to the stock prices of companies like Arnault’s LVMH or Gates’ Microsoft could see Adani fall back out of the top three. He is the founder of the Adani Group, which has a massive portfolio of companies in various industries, including ports, coal and energy. He sits behind only Amazon founder Jeff Bezos (worth $153 billion) and Tesla CEO Elon Musk (worth $251 billion) on the rich list. The milestone comes just six months after he was named the richest person in Asia. Indian billionaire Gautam Adani leapfrogged luxury goods magnate Bernard Arnault on Tuesday.