Adani becomes world's third richest person, surpassing Bernard Arnault
Indian billionaire Gautam Adani's net worth increased by $4 billion overnight, propelling him to third place on the Forbes Real-Time Billionaires ranking.
Gautam Adani, the founder and chairman of the Adani Group, has become the world's third richest person, surpassing LVMH's Bernard Arnault, according to the Forbes Real-Time Billionaires ranking. Adani's net worth has surged by $4 billion overnight to $154 billion, as per Forbes.
Rise of the Adani Group
The Adani Group is one of India's largest infrastructure conglomerates, with interests in ports, airports, power generation, and transmission. The group's revenue for 2022 stood at $32 billion.
Adani, a self-made billionaire, has seen his wealth soar in recent years, primarily due to the stellar performance of his group's stocks. The group's flagship company, Adani Enterprises, has delivered a remarkable return of over 2,000% in the last five years.
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