Adani became the second richest man in the world
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Adani became the second richest man in the world
Indian billionaire Gautam Adani's rise continues. The chairman of India's Adani Group rose to second place on the list of the world's richest people on Friday. However, after a while, he dropped again to the third place. According to the Forbes list, Adani's net worth increased by nearly $5 billion, or 3.3 percent, surpassing Bernard Arnault and Amazon founder Jeff Bezos.
According to the Forbes Instant Wealth List, Adani is the world's most inflated stock as of Friday (US local time). His wealth has increased to five billion US dollars. As a result, Adani's total assets increased to 155.3 billion US dollars. After that his wealth again fell to 152 billion dollars.
Tesla CEO Elon Musk and Bernard Arnault are ahead of this Indian billionaire.
This is the first time that an Asian person has made it to the second place in the list of the top richest people. He is now second only to Tesla-head Elon Musk on the world's richest list. Musk and Bezos have long topped this list. However, this year, Gautam Adani overtook Bernard Arnault, the head of the famous French luxury fashion house Louis Vuitton.
Adani Group's stock market opened on Friday. Adani Enterprises, Adani Ports and Adani Transmission hit record highs on the Bombay Stock Exchange. Adani's wealth swelled on the last working day of the week, riding on this profit in the stock market. He has risen to the second place in the list of the richest people in the world.
Adani's assets have grown by USD 70 billion so far this year. Among the 10 richest people in the world, none of them have increased their wealth this year. As a result, Adani has been showing great skill since the beginning of the year.
In February this year, Adani overtook Reliance's Mukesh Ambani as Asia's richest man. Overtook Bill Gates on the list of richest people last month. Amazon's Jeff Bezos also 'lost' to Adani.
60 year old Adani is the founder of Adani Group. Adani Group has huge investments in sectors like ports, infrastructure, thermal power, housing.
According to a study, Adani Group's success is due to its massive debt burden. Adani's debt is around Rs 2.22 lakh crore. Accounts say that Adani's debt in the global market last year was Rs 1.52 lakh crore. In one year, the amount of this loan did not decrease, on the contrary, it increased by 42 percent to 2.22 lakh crore rupees. According to economic experts, this debt burden can be severe.
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