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Indian businessman becomes the second richest person in the world following Elon Musk: Details

Friday, September 16, 2022 • Tamil Comments
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Indian billionaire industrialist Gautam Adani, who is the founder and the chairman of the Adani group, has surpassed Amazon CEO Jeff Bezos and Louis Vuitton's Bernard Arnault to become the second richest person in the world, with a net worth of $155.7 billion, according to Forbes.

Adani now trails only Tesla and SpaceX CEO Elon Musk, who continues to remain the richest man in the world with a net worth of $273.5 billion. The Ahmedabad based businessman, who overtook Mukesh Ambani as the richest man in Asia in February this year, added more than $70 billion to his fortune in 2022 (YTD) so far.

Meanwhile, Reliance Industries chairman Mukesh Ambani is placed at the eighth spot in the list and is worth $92 billion. Gautam Adani, who was born in Gujarat, dropped out of college as a teenager, and moved to Mumbai, where he worked in the diamond trade before returning to his home state.

Adani made his foray into global trading when he imported polyvinyl chloride (PVC) for his brother’s plastic business. In 1988, he set up Adani Enterprises, the group’s flagship company, to import and export commodities. He reportedly owns “almost 75% of Adani Power, Adani Transmissions and Adani Total Gas, 64% of Adani Ports & Special Economic Zone and 57% of Adani Green Energy.”

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