Gautam Adani Becomes World’s Third-Richest Person with Net Worth of $137.4 Billion

Business conglomerate Adani Group's chairman Gautam Adani with a $137.4 billion fortune is now the world's third-richest person after overtaking France's Bernard Arnault according to Bloomberg Billionaires Index.

This is the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index.

The two people before Gautam Adani are Elon Musk and Jeff Bezos, who have a net worth of $251 billion and $153 billion, respectively. In the latest Bloomberg Billionaires Index, Reliance chief Mukesh Ambani is at number 11 with a total USD 91.9 billion worth.

Gautam Shantilal Adani is an Indian billionaire industrialist and philanthropist. He is the chairman and founder of the Adani Group, an Ahmedabad-based multinational conglomerate involved in port development and operations in India.

He founded Adani Group in 1988 and diversified his business into resources, logistics, energy, agriculture, defence, and aerospace, amongst others. His Adani Group controls the port of Mundra, India’s largest, in the mogul’s home state of Gujarat and he also owns 74% of Mumbai international airport.

The Adani Group is the third largest conglomerate (after Reliance Industries and the Tata Group) in India.

Listed Adani group companies are Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Power, Adani Total Gas, and Adani Transmission.

Over the past 5 years, flagship company Adani Enterprises has invested heavily in new growth sectors that include airports, cement, copper refining, data centers, green hydrogen, petrochemical refining, roads, and solar cell manufacturing.