Adani back at No 3 after briefly surpassing Arnault for second spot on rich list

Indian billionaire industrialist Gautam Adani dropped to third position on Forbes’ real-time billionaires list hours after he had surpassed Louis Vitton’s Bernard Arnault to take the second spot. The 60-year-old’s net worth is $152.3 billion, as per Forbes’ real-time list.

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Elon Musk remains the richest person with a net worth of $273.5 billion. Arnault and family are at $153.5 billion. Amazon founder Jeff Bezos is fourth at $149.7 billion.

Last month, Adani had overtaken Arnault to grab the third spot. The Adani Group founder was behind Musk and Bezos.

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Reliance Industries Ltd head Mukesh Ambani is at the eighth spot and is worth $92 billion.

Adani first became the richest person in Asia. Then his net worth surpassed those of Warren Buffett and Bill Gates.

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During a year in which many fortunes around the world have crumbled, his net worth has doubled, increasing $75.7 billion to $151.3  billion and making him the third-richest person on the planet, according to the Bloomberg Billionaires Index.

Adani, in the past few years, has expanded his ports-to-power transmission empire. The 60-year-old has also ventured into data centers, cement and media. His group owns India’s largest private-sector port and airport operator, city-gas distributor and coal miner.

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Adani Electricity Mumbai (AEML) on Tuesday said it is investing Rs 500 crore to install smart meters for seven lakh consumers in the financial capital by the end of 2023. Last week, Adani Group rejected NDTV’s assertion that Sebi’s approval is necessary to acquire interests in RRPR, saying the promoter entity is not a part of the regulator’s order that restrained Prannoy and Radhika Roy from accessing the securities market.

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) are fifth, sixth and seventh on the Forbes list.