Adani pips Bezos as 2nd richest person briefly


MUMBAI: Gautam Adani became the world’s second richest person ahead of Amazon’s Jeff Bezos for a brief period on Friday, according to the Forbes Real-Time Billionaires list. With a net worth of $155 billion, Adani was ahead of Bezos by about $5 billion intraday. So far in 2022, Adani Group chairman’s net worth has jumped by about $70 billion, the biggest such increase among billionaires across the world.
However, later in the day as the Indian stock market crashed, French businessman Bernard Arnault, the owner of luxury brand house LVMH, with a net worth of $153 billion, went past both Adani and Bezos to take the second spot. According to Forbes, Adani is still ahead of Bezos, who is at number four on the list.
On the Bloomberg Billionaires Index, however, Adani, with a net worth of $149 billion, is still the third richest in the world but just about $1 billion behind Bezos who is at $150 billion.
Elon Musk, the founder of electric vehicle major Tesla and space exploration firm SpaceX, tops both the charts. According to Forbes, Musk’s net worth was $274 billion, while Bloomberg said it was $264 billion. Other than three four, only Bill Gates, the co-founder of software giant Microsoft, with a net worth of $105.3 billion, is in the list of people with wealth valued at over $100 billion, the lists showed.

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On Friday, after Adani jumped to the second spot on the Forbes list, the stock market went into a near-free fall. The billionaire derives most of his wealth from his holdings in the listed group companies. The stock price of Adani Enterprises, the group’s flagship company, closed 1.3% down, Adani Ports lost 3.2%, Adani Power 2.7%, Adani Transmission 0.4%, Adani Green Energy 1.2%, Adani Total Gas 2.4%, while Adani Wilmar fell 1.3%.





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