free counter
Business

WHO’S Gautam Adani? The Indian Billionaire Briefly Became The Worlds No. 2 Wealthiest Person And Ranks Above Bezos And Gates

Topline

Indian billionaire Gautam Adani briefly became the second-richest person on the planet Friday, trailing only Elon Musk, and the relatively unknown infrastructure and energy mogul is currently wealthier compared to the likes of Jeff Bezos and Bill Gates.

A self-described introvert, Gautam Adani is among the wealthiest men on earth.

Hindustan Times via Getty Images

KEY POINTS

Adani will probably be worth $152.2 billion (by Friday afternoon ET), in accordance with Forbes calculations, trailing only Musk ($270.1 billion) and Bernard Arnault ($154.7 billion), though Adani briefly overtook Arnault early Friday because of a surge in the stock price of many of his conglomerate Adani Groups publicly listed companies.

The 60-year-old Adani, a self-made college dropout who first made his fortune because of a commodities and ports empire, has since acquired a number of businesses in media, energy and transportation, including investing in a majority stake in Mumbai AIRPORT TERMINAL in 2020, making his firm Indias largest airport operator.

A self-described introvert, Adani has maintained an amazingly low profile for his wealth.

Adani first appeared on Forbes billionaires list in 2008, having an estimated fortune of $9.3 billion, a lot of money which has increased 15-fold since.

Key Background

Adani became the wealthiest person in Asia in February because the share prices of Adani Groups numerous Indian-listed companies exploded. Many of Adanis companies were contained in Forbes ranking of the two 2,000 largest publicly traded companies on earth earlier this season: holding company Adani Enterprises, transportation giant Adani Ports & Special Economic Zone, renewable energy provider Adani Green Energy, utility company Adani Transmission and gas giant Adani Total Gas. Adanis wealth surpassed $100 billion in April, and he rocketed past American investor Warren Buffet later that month to end up being the fifth-wealthiest person on the planet. Adani moved ahead of Bill Gates in July and overtook Bezos because the third-richest man earlier this week.

Crucial Quote

As an entrepreneur is my dream job since it tests one’s tenacity. I possibly could never take orders from anyone, Adani told Forbes in 2010. Adani said at that time he hoped to be remembered as somebody who created unique infrastructure for India and contributed to Indias economic growth story.

Surprising Fact

Adani has survived two notable brushes with death, a 1997 kidnapping and a 2008 terrorist attack. In 1997 he was abducted at gunpoint for a ransom of $1.5 million before released, according to the Indian publication Times Now. The billionaire is reticent to speak on the incident, but told the Financial Times in 2013 the kidnapping was 1 of 2 or three very unfortunate incidents in his life. Later, Adani was dining at a restaurant at the Taj Mahal Palace Hotel when terrorists overtook the restaurant within a wider string of Mumbai terrorist attacks in 2008. He escaped only once soldiers stormed the building.

Big Number

$7.7 billion. Thats just how much Adani pledged to provide away to charity on his 60th birthday in June. His wife Priti Adani chairs the familys charitable Adani Foundation, which targets developing healthcare and education systems in Indias rural regions.

Further Reading

Indian Billionaire Gautam Adani Becomes Asias Richest Person (Forbes)

Indias Gautam Adani IS CURRENTLY Richest Asian Billionaire Ever As Fortune Jumps Past $100 Billion (Forbes)

Read More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker