Gautam Adani is first Asian to become world’s third richest

New Delhi, Aug 30 : Gautam Adani was already Asias richest man and now he is also the worlds third richest person, overtaking LVMH chairman Bernard Arnault and becoming the first Asian person to take that spot, according to Bloomberg and its Billionaires index.

Adani, who runs one of Indias top conglomerates, is now believed to be worth approximately $137 billion, the tracker shows.

Thats after a surge this week placed him just behind Tesla CEO Elon Musk and Amazon founder Jeff Bezos, whose own fortunes are estimated at $251 billion and $153 billion, respectively, CNN reported.Like other billionaires around the world, Adani has seen his wealth skyrocket during the pandemic.

The founder of the eponymous Adani Group controls companies ranging from ports and aerospace to solar energy and coal.His fortune has grown exponentially since the start of the global health crisis, as investors bet on his ability to grow his business in sectors that Indian Prime Minister Narendra Modi has prioritized for development.

Adani has also benefited from an uptick in coal usage, which has catapulted his ascent in recent months, according to Bloomberg.He overtook fellow Indian tycoon to become the regions wealthiest person in February, CNN reported.

His shot up the global wealth rankings comes as some members of the worlds 1 per cent give away more of their resources.In July, Microsoft co-founder Bill Gates announced he would devote $20 billion to the endowment of the Bill and Melinda Gates Foundation, and reiterated his intention to move "off of the list of the worlds richest people".

Bill Gates is currently ranked the worlds fifth most affluent person, according to Bloombergs index, with a net worth of $117 billion, CNN reported.san/ #Gautam #Adani #Asian #worlds #richest #Delhi #Narendra Modi # Narendra Modi #Jeff Bezos #Delhi #New Delhi #Tesla #Amazon #Microsoft #Elon Musk #Musk #Narendra.