Gautam Adani

The 60-year-old chairman of Adani Group has replaced Bernard Arnault on Forbes Real Time Billionaire's List. His net worth now stands at $155.5 billion (12.37 ...

It is expected to further increase in the near future. Adani’s businesses include coal production, thermal power generation, and infrastructure. His net worth now stands at $155.5 billion (12.37 lakh crore rupees) and he is now the first Asian to be ranked among the top three billionaires globally.

The Indian tycoon's fortune is up more than anyone else's in 2022, while US tech stocks like Amazon sink.

surged to a record this week, and some of his group companies have climbed more than 1,000% since 2020. Shares of his flagship Adani Enterprises Ltd. Gautam Adani, the Indian tycoon who has climbed the wealth rankings at breakneck speed this year, surpassed Jeff Bezos to become the world’s second-richest person.

Adani, the wealthiest man in Asia, told Forbes in 2010 he hoped to to “be remembered as someone who created unique infrastructure for India and contributed ...

The billionaire is reticent to speak on the incident, but [told](https://www.ft.com/content/ffce04fe-d295-11e2-aac2-00144feab7de) the Financial Times in 2013 the kidnapping was one of “two or three very unfortunate incidents” in his life. [according](https://www.timesnownews.com/business-economy/companies/article/throwback-when-indias-fifth-richest-man-survived-a-kidnapping-and-terrorist-attack/606122) to the Indian publication Times Now. His wife Priti Adani chairs the family’s charitable Adani Foundation, which focuses on developing healthcare and education systems in India’s rural regions. Several of Adani’s companies were included in Forbes’ [ranking](https://www.forbes.com/lists/global2000/?sh=2cbe1e5b5ac0) of the 2,000 largest publicly traded companies in the world earlier this year: holding company Adani Enterprises, transportation giant Adani Ports & Special Economic Zone, renewable energy provider Adani Green Energy, utility company Adani Transmission and natural gas giant Adani Total Gas. Adani [moved ahead](https://www.forbes.com/sites/kerryadolan/2022/07/15/indias-gautam-adani-is-now-worlds-fourth-richest-following-bill-gates-new-big-gift/?sh=33b492203b84) of Bill Gates in July and [overtook](https://www.forbes.com/sites/gloriaharaito/2022/09/14/indian-billionaire-gautam-adani-briefly-becomes-the-worlds-third-richest-person/?sh=78a4ae3d500a) Bezos as the third-richest man earlier this week. In 1997 he was abducted at gunpoint for a ransom of $1.5 million before being released, I could never take orders from anyone,” Adani told Forbes in 2010. [Indian Billionaire Gautam Adani Becomes Asia’s Richest Person](https://www.forbes.com/sites/aayushipratap/2022/02/03/indian-billionaire-gautam-adani-becomes-asias-richest-person/?sh=4574697e4d92) (Forbes) [India’s Gautam Adani Is Now Richest Asian Billionaire Ever As Fortune Jumps Past $100 Billion](https://www.forbes.com/sites/jemimamcevoy/2022/04/11/indias-gautam-adani-is-now-richest-asian-billionaire-ever-as-fortune-jumps-past-100-billion/?sh=522672cf5926) (Forbes) “Being an entrepreneur is my dream job as it tests one's tenacity. [how much](https://www.forbes.com/sites/gloriaharaito/2022/06/24/asias-richest-billionaire-gautam-adani-pledges-77-billion-for-charity/?sh=43b8ea946db8) Adani pledged to give away to charity on his 60th birthday in June. Adani’s wealth [surpassed](https://www.forbes.com/sites/jemimamcevoy/2022/04/11/indias-gautam-adani-is-now-richest-asian-billionaire-ever-as-fortune-jumps-past-100-billion/?sh=7c9474bb5926) $100 billion in April, and he [rocketed past](https://www.forbes.com/sites/chasewithorn/2022/04/23/indias-gautam-adani-passes-warren-buffett-to-become-worlds-5th-richest-person/?sh=12147ee83550) American investor Warren Buffet later that month to become the fifth-wealthiest person in the world. [became](https://www.forbes.com/sites/aayushipratap/2022/02/03/indian-billionaire-gautam-adani-becomes-asias-richest-person/?sh=4574697e4d92) the wealthiest person in Asia in February as the share prices of Adani Group’s numerous Indian-listed companies exploded.

Meet Gautam Adani. His $152.2 billion fortune makes him richer than the Amazon founder but not as rich as Elon Musk.

As chair of the Adani Group, a multinational conglomerate, Adani’s portfolio of companies and investments spans coal mining, data centers, airports and renewable energy. 3, ahead of Bezos, by the afternoon. The shake-up didn’t end there, however, Adani fell to No.

Adani, whose fortune totals an estimated $146.8 billion, is the first person from Asia to rank in the top three of Bloomberg's Billionaire Index.

[Adani Group](https://www.adani.com/about-us/one-vision-one-team/gautam-adani) in industries like energy, mining, airports and defense. 6 on the list — has already donated more than $30 billion to the Gates Foundation, according to the AP. The founder and chairman of the Adani Group industrial conglomerate in India has seen significant and rapid growth in his wealth this year, surpassing fellow Indian businessman Mukesh Ambani, Bill Gates and Warren Buffet on the index. 5 on the list — pledged $20 billion to the Bill and Melinda Gates Foundation, the Associated Press reported. 1 richest person in the world with an estimated $263.9 billion. Elon Musk remains the No.

Indian industrialist Gautam Adani surpassed Amazon founder to become world's second-richest person, trailing only Elon Musk.

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Jeff Bezos' net worth has declined $45.5 billion so far this year while Gautam Adani's wealth has jumped by $70.3 billion, data from Bloomberg showed.

Ambani has been ranked tenth on the list with net worth of $88.7 billion. Post the transaction, Adani will hold 63.15 per cent stake in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements). Adani has net worth of $147 billion and is next to the world's richest person and Tesla's founder Elon Musk who has net worth of $264 billion.

Adani's net worth stands at $156 billion as on Friday, leaving behind Amazon's Jeff Bezos.

Reacting to the CreditSights report, Adani Group said the debt levels of the Group is well within the industry standards and is being monitored for deleveraging at regular intervals. “Over the past few years, the Adani Group has pursued an aggressive expansion plan that has pressurized its credit metrics and cash flows. Adani has consistently been hitting the headlines by acquiring unrelated businesses such as media, energy and transportation. On Friday, Adani Group paid ₹51,200 crore ($6.4 billion) to Switzerland-headquartered Holcim to acquire controlling stake in Ambuja Cement and ACC. Overall, we remain cautiously watchful of the Group’s growing expansion appetite, which is largely debt-funded,” it said. Ambuja Cement registered a market cap of $12.85 billion, while that of ACC’s was $6.06 billion on Friday.