Gautam Adani becomes world’s third-richest person; also renewed title 'The most richest man of Asia'.

Gautam Adani_ Photo credit © Reuters

India’s Gautam Adani entered the top three in Bloomberg Billionaires Index’s 2022 ‘ Top richest person in the world ’ list. 

 Adani becomes world’s third wealthiest person; first for an Asian 

In yet another big landmark for Adani Group of Industries creator Gautam Adani, he has become the world’s third-richest person as per the Bloomberg Billionaires Index. Elon Musk maintained the top place with his net- worth touching$251.4 billion, followed by Jeff Bezos($153.4 Billion) andMr. Adani at$137.4 billion. This is the first time an Asian person has broken into the top three as Adani caught French tycoon Bernard Arnault. 

Mr. Adani added$60.9 billion to his fortune in 2022 alone, five times greater than anyone Others. He first overtook Mukesh Ambani as the richest Asian in February, and then surpassed Microsoft Corporation’s Bill Gates as the world’s fourth-richest person last month. 

Mr. Adani( 60) has been expanding his coal- to- ports empire to avenues like data centers, cement, media and alumina in the past few years, as per a Bloomberg report. The Adani group now owns India’s largest private- sector harbor and airport Contractor , city- gas distributor and coal miner. also,Mr. Adani has pledged in November to invest$ 70 billion in green energy to become the world’s largest renewable- energy sponsor, the report said. 

The report also cited CreditSights as saying this month that the Adani Group’s growth has been substantially funded with debt and his empire is “ deeplyover-leveraged. ”  

“ Some legislators and market watchers have also raised concerns over nontransparent shareholder structures and a lack of analyst coverage at Adani Group companies, ” it said. 

Mr. Adani’s recent jump to the top three is partly because of greater humanitarianism among the top billionaires. Bill Gates said in July that he was transferring$ 20 billion to the Bill & Melinda Gates Foundation, after parting ways with his life partner, while Warren Buffett has formerly gave more than$ 35 billion to charity. On his part,Mr. Adani also announced to donate$7.7 billion for chartible organisations at the eve his 60th birthday. 

Here is the updated list of the world’s top 10 richest persons, with their net wealth estimated statistics (August 30, 2022):

1. Elon Musk: $251B 

2. Jeff Bezos: $153B

3. Gautam Adani: $137B

4. Bernard Arnault: $136B

5. Bill Gates: $117B

6. Warren Buffett: $100B

7. Larry Page: $100B

8. Sergey Brin: $95.8B

9. Steve Ballmer: $93.7B

10. Larry Ellison: $93.3B