Business

Gautam Adani Edges Out Warren Buffet To Become 5th Richest In World

By
OB Bureau

New Delhi: Gautam Adani, Chairman of Adani Group, became the fifth richest man in the world leaving behind ace investor and Berkshire Hathaway chairman, Warren Buffett, according to Forbes’ real-time billionaires list.

Adani’s net worth has risen from $50.5 billion in 2021 to $122.3 billion till date, according to Forbes. Buffett’s fortune stand at $121.7 billion.

Now only four people on the planet richer than Adani. They are, Microsoft cofounder Bill Gates (worth an estimated $130.2 billion), French luxury goods king Bernard Arnault ($167.9 billion), Amazon founder Jeff Bezos ($170.2 billion) and Tesla and SpaceX chief Elon Musk ($269.7 billion).

Gautam Adani is the founder and Chairman of Adani Group, which is engaged in multiple businesses, including ports, edible oil, airports, power generation and distribution.

The group has seven listed companies, including Adani Enterprises, Adani Ports, Adani Power, Adani Total Gas, Adani Green Energy and Adani Transmission. Adani Wilmar is their latest debutant, which was listed earlier this year.

Rally in Adani Group company shares push net worth higher in the last couple of weeks. Shares of Adani group firms soared this year helping him not only become a centibillionaire but also move up the ladder on the billionaires list.

Three Adani Group companies have delivered multibagger returns so far in 2022. Adani Wilmar is up by 235 per cent compared to its issue price, whereas Adani Power has zoomed 170 per cent. Adani Green Energy has also gained 110 per cent.

Adani Power became the sixth group firm to cross Rs 1 lakh crore market valuation after its shares hit an all-time high of Rs 272 a piece on Monday stated reports in Business Insider.

OB Bureau

Recent Posts

Loot Plan Foiled, 5 Persons Including 2 From Bihar Arrested In Odisha’s Bargarh

Bargarh: Police have foiled loot attempt by a gang of dacoits and arrested its five…

November 25, 2024

Javed Akhtar Blames Audience For Making Ranbir Kapoor’s ‘Animal’ A Hit; Film With ‘Wrong Values’

Mumbai: The Ranbir Kapoor starrer ‘Animal’ might have left cash registers ringing at the box…

November 25, 2024

Protests Erupt Over Mata Vaishno Devi Ropeway Project; Know Why

Lucknow: A project to build a ropeway along the trek to Vaishno Devi temple will…

November 25, 2024

ED-Bhubaneswar Seizes Rs 1.39 Cr Unaccounted Cash During Raids On Real Estate Firm

Bhubaneswar: The Enforcement Directorate (ED) has seized unaccounted cash amounting to Rs.1.39 crore during raids…

November 25, 2024

Winter Session Of Odisha Assembly: Leaders Of 3 Major Parties Attend All-Party Meet

Bhubaneswar: The leaders of all three major parties in Odisha - BJP, BJD and Congress…

November 25, 2024

Fact Check: Did Bengal Governor Ananda Bose Unveil His Own Statue At Raj Bhawan?

Kolkata: CV Ananda Bose has been involved in multiple controversies and had several run-ins with…

November 25, 2024

Nandankanan Zoo Near Bhubaneswar Receives 11 Species Of Animals & Birds From Hyderabad

Bhubaneswar: The Nandankanan Zoological Park (NZP) near Bhubaneswar has received 11 species of animals and…

November 25, 2024

When Abhishek Bachchan Confessed About His ‘Big Mistake’ To Amitabh

Mumbai: Abhishek Bachchan’s performance in Shoojit Sircar’s ‘I Want To Talk’ is being lauded by…

November 25, 2024