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Gautam Adani becomes world’s second richest person

Industrialist Gautam Adani, owner of Adani Group has become the world’s second richest individual, according to Forbes. He has passed Bernard Arnault, the co-founder and chairman of LVMH Moet Hennessy – Louis Vuitton to grab the second spot.

According to Forbes’ Real-Time Billionaires List, Adani and his family’s net worth as of early Friday stood at $155.4 billion against Arnault’s $155.2 billion.

SpaceX and Tesla CEO Elon Musk whose net worth stands at $273.5 billion has topped the Forbes list. He is followed by Adani, Arnault and Amazon founder Jeff Bezos whose net worth $$149.7 billion).

Reliance Industries Chairman and Managing Director Mukesh Ambani is at eighth place with a net worth of $92.3 billion, followed by Microsoft founder Bill Gates (net worth $105.3 billion), Larry Ellison (net worth $98.3 billion) and veteran Wall Street investor Warren Buffet (net worth $96.5 billion).

Gautam Adani is a first-generation entrepreneur and the Adani Group comprises 7 publicly listed entities with businesses spanning energy, ports and logistics, mining and resources, gas, defence and aerospace and airports. The Group has established a leadership position in India in each of its business areas.

The Adani Group is the third largest conglomerate (after Reliance Industries and the Tata Group) in India.

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