Gautam Adani is now the second richest person in the world, according to Forbes, as the tycoon surpassed Amazon boss Jeff Bezos and Bernard Arnault of Louis Vuitton. He is currently worth $154.7 billion, his real-time billionaire list showed.
Elon Musk remains the richest person with a net worth of 273.5 billion.
Also last month, Adani had caught up with Arnault to take third place, but he was behind Musk and Bezos.
Arnault is now in third place with his family’s net worth totaling $153.5 billion, while today it is down $4.9 billion or 3.08%, while Bezos is in fourth place with a net worth of $15 billion. $149.7 which fell by $2.3 billion.
Mukesh Ambani, who heads Reliance Industries Ltd, is in eighth place and is worth $92 billion.
Mr. Adani, a first-generation entrepreneur, heads the Adani Group, which consists of seven publicly traded companies in infrastructure, mining, energy and other sectors.
Over the past five years, Adani Enterprises has invested heavily in new growth sectors, including airports, cement, copper refining, data centers, green hydrogen, petrochemical refining, roads and solar cell manufacturing.
It also plans to venture into the telecom space and has huge plans to grow its green hydrogen and airport business.
Adani Group has also pledged $70 billion for green energy infrastructure.
(With input from ANI)