It Looks Like Bill Gates has a new competitor for his billionaire throne as Gautam Adani of Adani Groups rises in rank as the fourth richest man in the world.
The Indian business mogul surpasses the master investor Warren Buffet, Mukesh Ambani, and Larry Page of Google, becoming the fourth richest man in the world. Bill Gates ranks just above Gautam Adani at rank three after Jeff Bezos.
According to Forbes’ Real-Time Billionaires List of 27th April, the Indian business tycoon has reached a net worth of $129.9 billion by dint of a continuous bull run of the Adani Groups stocks.
According to the Bloomberg Billionaire Index, Gautam Adani’s wealth was standing at $125. But, it only took him only less than a week to hike that up to $7.1 billion more. The current net worth of Mr. Gautam Adani is $129.9 billion according to the billionaire list by Forbes.
The 59 years old billionaire is preceded by big names like Elon Musk (the current owner of Twitter), Jeff Bezos, and Microsoft founder Bill gates.
Adani Willmer, Adani power, energy, and Adani enterprises are the stocks responsible for the sudden rise of Adani as the fourth richest man in the world.
Mukesh Ambani, the second richest man in India, is also not far behind. Just a few weeks ago, Ambani was in the 11th position ranked by Forbes. Ambani also entered the top ten club of Forbes’ real-time list of billionaires ranking as the 8th richest man in the world.
The rapid rise of Adani is a groundbreaking incident in the history of Indian billionaires. Now we need to wait and see how long it takes Mr. Adani to catch up to Bill Gates, who stands only slightly above with a net worth of $131.1 billion.