Gautam Adani is now world's 2nd richest; has net worth of $154.7 bn

Indian billionaire Gautam Adani is now the second-richest person in the world as he surpassed France’s Bernard Arnault and family in the Forbes‘ real-time billionaires list on Friday (September 16).

According to Forbes’ ‘Today’s winners and losers’ list, Adani’s wealth went up by $4.2 billion. Currently, he and his family are second in the world’s richest persons table with a net worth of $154.7 billion.

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Tesla CEO Elon Musk continues to head the list with a net worth of $273.5 billion. Arnault and family are third with $153.8 billion. Amazon’s Jeff Bezos ($149.7 billion) is fourth followed by Microsoft’s Bill Gates ($105.2 billion).

Reliance Industries chairman Mukesh Ambani is at the eighth spot with a net worth of $92.1 billion.

Gautam Adani is the chairman of The Adani Group. The group is a diversified organisation with a market cap of over $256.92 billion as of today (September 16) comprises seven publicly traded companies, according to the company.

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The group has businesses spanning across energy, ports and logistics, mining and resources, gas, defence and aerospace and airports.

“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,” a Bloomberg report said recently.

“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,” it added.

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According to Forbes, its Real-Time Billionaires rankings track the daily ups and downs of the world’s richest people. The wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed by Forbes to be a billionaire. The value of individuals’ public holdings are updated every five minutes when respective stock markets are open (there will be a 15-minute delay for stock prices). Individuals whose fortunes are significantly tied to private companies will have their net worths updated once a day.

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