Gautam Adani, an Indian billionaire industrialist and chairman of the Adani Group, saw a significant increase in wealth that propelled him to the position of second-richest man in the world. As of September 16, 2022, Adani's net worth was USD 155.7 billion, up USD 5.5 billion or over 4%, according to Forbes' real-time list of billionaires.
According to Forbes' real-time data, Adani has surpassed Jeff Bezos of Amazon to claim the second-richest position and now trails Tesla CEO Elon Musk, who is still the richest person in the world with a net worth of USD 273.5 billion.
Only one of the top ten richest persons in the world, Adani, has had his net worth rise so far in 2022, adding more than USD 70 billion to his fortune. He initially eclipsed Mukesh Ambani as the wealthiest Asian in February, achieved millionaire status in April, and last month passed Bill Gates of Microsoft Corp. to become the fourth-richest person in the world.
The biggest port operator in India and founder of the conglomerate Adani Group is 60-year-old Gautam Adani. The infrastructure company, which has its headquarters in Ahmedabad, India, is also the country's biggest trader and producer of tightly controlled thermal coal. His USD 13 billion Adani Group has holdings in commodities, real estate, power generation and transmission, and infrastructure.
He entered the cement industry significantly in May 2022 when he triumphed in the competition to buy the Indian cement division of Swiss multinational Holcim for USD 10.5 billion. Adani has pledged to invest up to USD 70 billion in renewable energy projects in his quest to become the greatest green energy generator in the world. He promised in June to donate USD 7.7 billion for humanitarian causes to celebrate his 60th birthday, increasing his charitable giving.
In Friday's early stock trading, Adani Group stocks Adani Enterprises, Adani Port and Adani Transmission hit their ever record highs on the Bombay Stock Exchange, leading to a surge in the group Chairman's real time net worth.
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