[周刊王CTWANT] The richest man in Asia, Gautam Adani, has surpassed Amazon founder Jeff Bezos to become the second richest man in the world.
Adani, the 60-year-old founder and president of the Indian group Adani, has replaced Bezos as the second richest person in the world with a fortune of $ 147 billion. Tesla CEO Elon Musk remains the richest man in the world with a net worth of $ 264 billion. Third place winner Bezos has a fortune of $ 147 billion.
The billionaires of the world have some of their wealth, which is closely related to the financial market. Under the interference of high interest rates and high inflation, the stock market has encountered headwinds this year, which has also reshuffled the rankings. richest in the world. The S&P 500 has plummeted 19% so far this year, while the tech-heavy Nasdaq has fallen even more aggressively, up 27%.
Among the top ten richest people in the world, Adani is the only richest person whose net worth hasn’t shrunk. Adani’s fortune has increased by $ 70 billion this year, thanks to earnings in the shares of his companies. Shares in the group’s flagship company, Adani Enterprises, hit a record last week. Shares in some of Adani’s companies have risen more than 1,000 percent since 2020, according to media reports. The Adani Group’s business perimeter covers green energy, electricity, natural gas and oil.
Bezos stepped down as Amazon’s chief executive officer last year and is now Amazon’s executive chairman. Bezos owns about 10 percent of Amazon as of Aug.24, according to data from FactSet. Shares of Amazon have fallen more than 25% so far this year, reducing Bezos’ net worth by $ 45.5 billion. By comparison, Musk’s net worth fell $ 6.4 billion.
This year Adani’s wealth has grown rapidly: at the beginning of the year he was only the fourteenth richest person in the world, now he is just one person. Adani replaced Indian Reliance Group chairman Mukesh Ambani as Asia’s richest man in February, his net worth crossed the $ 100 billion mark in April, and his personal wealth surpassed that of Warren Buffett in the end. of the month. In August he replaced Bernard Arnault, president of the French group LVMH, and became the third richest person in the world.
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