Gautam Adani, the chairman of business conglomerate Adani Group, has recently joined the exclusive centibillionaires club.
According to the Bloomberg Billionaires Index, Adani has now accumulated $100 billion in wealth. He became the 10th member of the club by adding almost $24 billion to his fortune so far this year.
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk continues to be the richest man in the world with a net worth of $273 billion, followed by Amazon.com, Inc’s (NASDAQ:AMZN) Jeff Bezos at the second spot with $188 billion of net worth.
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LVMH Moet Hennessy Louis Vuitton SE owner Bernard Arnault is in the third spot with a wealth of $148 billion, and Microsoft Corporation (NASDAQ:MSFT) co-founder Bill Gates is in the fourth spot with $133 billion.
Bloomberg has reported that some Adani Group stocks have risen over 1,000% in the last two years.
Adani’s renewable energy company, Adani Green Energy Limited (AGEL), saw the share price almost double in 2021, causing his net worth to soar by $42.7 billion.
In 2022, Adani Group shares witnessed significantly more gains than many other major company in the world.
Photo: Courtesy of U.S. Embassy New Delhi on Flickr