Billionaire Gautam Adani has been ranked as the fourth richest person in the world by Forbes’ Real Time Billionaires List. The list shows Adani with a net worth of USD 115.4 billion, while Bill Gates’ net worth stood at USD 104.6 billion.

Gates is believed to have slipped in the rankings after he announced that he would donate USD 20 billion from his wealth to his non-profit organisation.

Around the same time, Adani Ports and Special Economic Zone, along with Israel’s Gadot Group, won the tender to privatise Israel’s second largest port of Haifa for USD 1.18 billion. Adani Ports and Gadot Group’s shareholding in the consortium is in a 70:30 ratio.

Adani has been named one of the richest people in the world, after Elon Musk, who tops the list with USD 235.8 billion, followed by Bernard Arnault and family, who has a net worth of USD 155.2 billion, and Jeff Bezos with hi USD 148.4 billion.

Mukesh Ambani has been ranked by the Forbes list the tenth spot with a net worth of USD 89.8 billion. The richest woman on the list is L’Oreal’s Francoise Bettencourt Meyers and family with a net worth of USD 71 billion. She is placed on the 15th spot.

However, according to the Bloomberg Billionaires Index, Adani is still trailing Gates. According to the list, Adani is ranked fifth with USD 111 billion, while Gates is in the fourth spot with a net worth of USD 116 billion. Mukesh Ambani has been ranked in the 11th spot with a net worth of USD 88.5 billion.

ADB cuts India growth forecast to 7.2pc for FY23

Govt takes supply-side measures to cool inflation: FM

Fitch Ratings downgrades Pakistan economic outlook