According to Forbes real-time billionaire list, Adani went past Amazon’s Jeff Bezos to claim the second spot earlier today.
He was then locked in a close contest with French businessman Bernard Arnault for the second spot. As per the current list, Arnault has gone past Adani again to settle at the second position.
Adani’s fortune, which touched over $155 billion earlier today, came down to $152 billion with sensex plunging nearly 1,000 points in intraday trade.
Adani, whose business empire extends from infrastructure to airports management and FMCG to cements, remains a strong contender to reclaim the second spot.
Meanwhile, Elon Musk continues to be the world’s richest person with a net worth of $273.5 billion.
The main promoter of the Ahmedabad-headquartered group that carries his family name, Adani is the first Indian (and Asian) to break into the top 3 list.
In a little over two and half years, Gautam Adani’s wealth has galloped over 13 times. In January 2020, his net worth was about $10 billion. In Indian currency, Adani’s current net worth translates to over Rs 12 lakh crore.
In 1988, Adani set up Adani Enterprises (then Adani Exports) to start a commodities trading business. Soon he set up Mundra port for captive export-import operations. Within a decade it also emerged as the biggest coal trading company in the country and one of India’s largest foreign exchange earners.