Gautam Adani overtakes Bill Gates to become world’s 4th richest person

Indian businessman Gautam Adani has pipped Microsoft co-founder Bill Gates to become the world’s fourth richest person, according to Forbes’ Real-Time Billionaires List. The 60-year-old business tycoon’s net worth reached $115.5 billion on Thursday eclipsing Gates whose fortunes are at $104.6 billion.

At $90 billion, fellow countryman Mukesh Ambani ranks 10th on the list.

Tesla and SpaceX founder Elon Musk, who has been involved in a huge controversy after his bid to buy Twitter only to abandon it later, tops the list with $235.8 billion.

The Adani group Chairman is famed for turning a small commodities trading business into a conglomerate spanning ports, mines and green energy.

“Some of Adani Group’s listed stocks have soared more than 600% in the past two years on bets his push into green energy and infrastructure will pay off as PM Modi looks to revive the $2.9 trillion economy and meet India’s carbon net-zero target by 2070,” Bloomberg had recently reported when he overtook Ambani as Asia’s richest person.

“In barely three years, Adani has gained control of seven airports and almost a quarter of India’s air traffic. His group now owns the country’s largest airport operator, power generator and city gas retailer in the non-state sector,” the business news agency added.

Adani on Thursday said the group has won the tender for the privatization of a port in Israel in partnership with Gadot.

The Port of Haifa is the largest of Israel’s three major international seaports. To mark Adani’s 60th birthday last month, his family had pledged to donate Rs 60,000 crores to a range of social causes.

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