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Billionaire’s list: Gautam Adani moves to fourth spot

Gautam Adani has pushed Bill Gates to the fifth spot, the Forbes” Real Time Billionaires List revealed.

While Elon Musk continues to be the richest man of the world, India’s Gautam Adani has moved up in the list to become the world’s fourth richest man.

Gautam Adani has pushed Bill Gates to the fifth spot, the Forbes” Real Time Billionaires List revealed.

Mukesh Ambani holds tenth spot in the list.

The latest list pegs Gautam Adani’s worth at $115.5 billion while the current holding of Bill Gates has been put at $104.6 billion.

Elon Musk, founder of Tesla and SpaceX, remains number one on the list with a total worth of $ 235.8 billion.

Elon Musk had been hawking media headlines after his controversial purchase and subsequent withdrawal from the Twitter deal.

Gautam Adani, who is the chairman of the Adani group, has scripted an unprecedented success story by turning a  small commodities trading business into a conglomerate spanning ports, mines and green energy.

A recent Bloomberg report said, “Some of Adani Group’s listed stocks have soared more than 600% in the past two years on bets his push into green energy and infrastructure will pay off as PM Modi looks to revive the $2.9 trillion economy and meet India’s carbon net-zero target by 2070.”

This report followed Adani overtaking another Indian billionaire Mukesh Ambani.

“In barely three years, Adani has gained control of seven airports and almost a quarter of India’s air traffic. His group now owns the country’s largest airport operator, power generator and city gas retailer in the non-state sector,” the  report said further.

Media reports quoting Gautam Adani said that his company has won the tender for the privatisation of a port in Israel in partnership with Gadot.

The Port of Haifa is the largest of Israel’s three major international seaports.

Adani Data Networks, along with Reliance Jio, Bharti Airtel and Vodafone Idea, have also applied to participate in the upcoming 5G auction. The spectrum auction, scheduled to start on July 26, may see aggressive bids for some frequency bands.

Adani Group on Saturday said it is in the race to acquire spectrum, which it said will be used to create a private network to support its businesses from airports to power as well as data centres.

 

 

Prabhjot Singh