Gautam Adani edges past Bernard Arnault to become world's second richest
becomes world's 2rd richest person with $155.7 Billion net worth.
This is the first time an Asian person has broken into the top two of the Forbes real-time Billionaires Index.
Gautam Adani is the founder and the Chairman of the Adani Group which ranks among the top 3 industrial conglomerates in India.
Adani Group stocks Adani Enterprises, Adani Port and Adani Transmission hit their record highs on the BSE in Friday's early deals, leading to a surge in the group Chairman's real time net worth.
He owns 75% stakes in Adani Enterprises, Adani Power and Adani Transmissions, according to March 2022 stock exchange filings.
He also owns about 37% of Adani Total Gas, 65% of Adani Ports & Special Economic Zone and 61% of Adani Green Energy.
Net worth:
$157.7 Billion
In May 2022, he made a big entry into cement when he won the race to acquire Swiss giant Holcim's cement business in India for $10.5 billion.
Adani also wants to be the world's largest producer of green energy and has said he will invest upto $70 billion on renewable energy projects.
He has increased his charitable giving, pledging in June to donate $7.7 billion for social causes to mark his 60th birthday.
Born:
24 June 1962 (age 60 years)
He is the chairman and founder of the Adani Group, an Ahmedabad-based multinational conglomerate involved in port development and operations in India.