Gautam Adani Now World’s 5th Richest Person After Surpassing Warren Buffett

According to Forbes, Gautam Adani, the chairman of one of the biggest conglomerates, and the CEO of the Adani Group has become the fifth richest man in the world by surpassing Berkshire Hathway CEO Warren Buffett. As of Friday, the 59-year-old has an estimated net worth of around $123.7 billion whereas legendary investor Buffet’s net worth is around $121.7-billion according to the business magazines. 

Also, by becoming the 5th richest man in the world Adani has topped the list of richest people in India as well as in Asia. He is $19 billion wealthier than Mukesh Ambani who is at number 2nd position with around $104.7 billion. 

As per Forbes Real-Time Billionaires List, Adani’s wealth stood at $122.2 billion thus surpassing Warren Buffet 91-year-old legendary investor. The Adani Group is one of the biggest companies in the world and has seven publicly traded companies in India including Adani Total Gas, Adani Enterprises, Adani Power, Adani Green Energy, Adani Ports, Adani Wilmar, and Adani Transmission, which are responsible for adding the most to his net worth. 

Gautam Adani has reached a very high position but is still backed down by Elon Musk, CEO of Tesla, whose net worth is around $269.7 billion then Jeff Bezos, CEO of Amazon with a net worth of around $170.2 billion, then comes Bernard Arnault CEO of Louis Vuitton the net worth of around $161.2 billion and Microsoft founder Bill Gates with $130.2 billion wealth.

However, talking about being the richest man in India, in the year 2020, Adani’s net worth was only $8.9 billion. In March 2021, his wealth spiked up to $50.5 billion which was really huge. But still, there was a long way to become the richest person in India. But the story does not end here, his fortune almost doubled in March 2022, and spiked to $90 billion as the stocks grew even further. 

The actual rise of the Adani Group started during the pandemic with all the expansion they did by doing major acquisitions such as purchasing a 74 percent stake in the Mumbai International Airport, which is the second busiest airport in India. Secondly, the company reached heights in the $3.5-billion buyout of Softbank’s renewable energy unit In India. Also, on Friday, the company cracked a very big deal of buying India’s largest marine service company, Ocean Sparkle, in a $220-million deal. 

Adani’s company also gained a lot of profit earlier this month when the brother of United Arab Emirates’ crown prince’s company Abu Dhabi’s International Holding Co invested $2 billion in three of Adani’s green-energy-focused firms.