• World

    • Jeff Bezos loses spot as second richest person: Forbes

    By on September 17, 2022
    Image credit - Mashable
    Image credit - Mashable

    Indian billionaire Gautam Adani is now the world’s second-richest person, dethroning Amazon founder Jeff Bezos in the title he was demoted to last year after Elon Musk overtook him as the wealthiest person in the world.

    The 60-year-old Indian chairman of the Adani Group, which includes businesses in coal production, infrastructure and thermal power generation, has a real-time net worth of $155.5bn, according to the Forbes Real Time Billionaire’s List.

    Along with becoming one of the first Asian businesspeople to rank among the top three billionaires globally, the Indian tycoon’s company impressively climbed the ranks this year at a breakneck speed having only started the year at No 14 on the Bloomberg Billionaire’s Index.

    He is also reported to have the country’s largest private port operator with plans to expand their growing airport operations, Quartz India reported.

    The scales were tipped in Mr Adani’s favour after shares of his Adani Enterprises Ltd increased to a record this week, while some of his companies have increased by more than 1,000 per cent since 2020, Bloomberg reported.

    The gap now between Mr Adani and the richest person on the planet, Mr Musk, stands at more than $100bn, as the Tesla founder and tech titan is said to have a net worth of $260bn, Bloomberg reported. For Mr Bezos, the climb to return to his longheld title as richest person is proving to be a much harder gap to close in on as he saw his net worth drop to $145.8bn on Friday morning in New York after a renewed tech selloff.

    The titles for the second richest person could once again be awarded to the American billionaire, as his net worth is largely tied to shares of Amazon.com Inc, which have fallen more than 26 per cent this year.

    Mr Adani’s climb to the top of the world rankings began in February of this year, when he was reported to be the richest person in Asia, taking the title previously held by India’s Mukesh Ambani. He then joined a small elite club of entrepreneurs in April whose net worth is classified as a centibillionaire, and then went onto outpace Microsoft founder Bill Gates and France’s Bernard Arnault over the summer.

     

     

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.