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.