Gautam Adani made more money than Elon Musk, Jeff Bezos in Q4

The turmoil in global markets in the first quarter of 2022 may have plunged the net worth of many rich individuals, but Indian industrialist Gautam Adani has repeated the dream run he enjoyed in the same period last year.

Reliance Industries Limited chairman Mukesh Ambani, who is placed one spot ahead of Adani in the index, added $8.24 billion taking his net worth to $98.20 billion, $0.60 billion higher than Adani.

As per the Bloomberg Billionaires’ Index data, Gujarat-born industrialist, Adani, has made $21.1 billion in year-to-date (YTD) terms. When the first quarter of 2021 ended, Adani had made more wealth than any other individual in the world overtaking the likes of Jeff Bezos of Amazon, Elon Musk of Tesla, and Bill Gates.

The net worth of Elon Musk grew by $1.1 billion during the said period. Adani’s net worth has grown even faster than Warren Buffett’s whose net worth rose by $18.7 billion in Q4FY22.

Also read: Walmart teams up with Adani to take on Amazon, Reliance

Jeff Bezos and Bill Gates, on the other hand, saw their net worth plummet during the quarter.

According to the latest Bloomberg Billionaires’ Index global list data, Adani, on the 11th spot in the index added $21.1 billion taking his net worth to $97.6 billion in YTD time. With a 21.1 billion rise in 2022, Gautam Adani’s net worth in 2022 has surged by about 27.50 per cent.

Warren Buffett added $18.7 billion to its net worth with an increase of 17.20 per cent. Elon Musk, however, could add only $1.1 billion, logging about 0.40 per cent rise in Q4FY22. American business magnets Jeff Bezos and Microsoft fame Bill Gates saw their wealth decline during same period.

Jeff Bezos’ net worth has dipped by $4.30 billion whereas Bill Gates’ net worth went down near $4.48 billion in YTD time.