New Delhi: Adani Group Chairman Gautam Adani has now become the third richest person in the world, overtaking France’s Bernard Arnault. Adani has surpassed Louis Vuitton chief Arnault with a net worth of US$137.4 billion, according to the Bloomberg Billionaires Index. Adani is now only behind Elon Musk and Jeff Bezos in the rankings.

Gautam Adani’s Net worth surges to $91.9 billion

Reliance chief Mukesh Ambani is ranked 11th in the Bloomberg Billionaires Index with a total net worth of US$ 91.9 billion. This is the first time an Asian person has featured in the top three of the Bloomberg Billionaires Index.

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Elon Musk and Jeff Bezos yet to be surpassed

The net worth of Elon Musk and Jeff Bezos currently stands at US$251 billion and US$153 billion. Gautam Adani is a first generation entrepreneur and the Adani Group comprises of Energy, Ports & Logistics, Mining & Resources, Gas, Defense & Aerospace and Airports.

Adani Group is the third largest conglomerate

Adani Group is the third largest conglomerate in India after Reliance Industries and Tata Group. The listed companies of the Adani Group are Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Power, Adani Total Gas and Adani Transmission.

Invested heavily into new sectors

Over the past 5 years, Adani Enterprises has invested heavily in new sectors which include airports, cement, copper refining, data centers, green hydrogen, petrochemical refining, roads and solar cell manufacturing. Adani Group is planning to enter the telecom sector.

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Recently Adani Group also announced setting up of a 4.1 MTPA Integrated Alumina Refinery and 30 MTPA Iron Ore Beneficiation Plant in Odisha. Both could amount to more than Rs 580 billion.

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