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Billionaire Indian Adani Accumulates a Fortune of US$ 147 Billion, Having Appeared in the News as the “King of Infrastructure” in India and Receiving the Coveted Title of “Person Who Made the Most Money in 2022”
The world of billionaires is full of ups and downs or just ups? Indian Gautam Adani has appeared in the news as the “king of infrastructure” in India and received the coveted title of “the person who made the most money in 2022.” Last week, he made headlines again by knocking Jeff Bezos of Amazon from the position of the 2nd richest person in the world, only behind Elon Musk, who remains at the top of the ranking with a fortune of US$ 246 billion.
Keep Up with the Fortunes Accumulated by the Richest People in the World
According to information compiled by Bloomberg, since the fortunes of Indians, Bezos, Musk, and many other billionaires on the list are tied to stock market shares, the movement of the financial market led both Bezos and Adani to end up tied for second place, each with an estimated fortune of US$ 147 billion.
In third place, according to Bloomberg’s survey, is Bernard Arnault, founder of Louis Vuitton, with a fortune of US$ 138 billion, followed by Bill Gates, with a fortune of US$ 112 billion, and Warren Buffett, with US$ 96.2 billion.
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Billionaire Gautam Adani is one of India’s largest businessmen, possessing investments ranging from coal mines, which were among his first ventures, to power plants, ports, and airports.
The king of infrastructure founded a series of companies bearing his name and holds various stakes in each of his businesses. Adani Enterprises, Adani Power, and Adani Transmission, for example, own 75% of the shares. The billionaire also holds more than half of the shares of Adani Ports & Special Economic Zone and Adani Green Energy. For Adani Total Gas, the percentage is one of the lowest, at 37%. All of the billionaire Indian’s businesses are part of the Adani Group portfolio, headquartered in Ahmedabad, India.
Where the Fortune of Indian Billionaire Gautam Adani Comes From
The billionaire and Indian Gautam Adani was born in 1962, in the city of Ahmedabad, India. When he turned 18, he dropped out of school to move to Mumbai and began working in the diamond trade. This way, the king of infrastructure started accumulating his fortune, but a year later, he decided to return to his hometown and help his brother in a plastic factory.
In 1988, when billionaire Gautam Adani was 26 years old, he created Adani Enterprises, the first company of the conglomerate he would go on to form. In 1991, India opened its economy, and the company ended up benefiting from it. Indian Adani won a privatization contract for the Mundra Port, which is the largest commercial port in India and the most important coal export point in the country. After establishing himself in the port sector, the businessman decided to broaden his horizons and currently controls seven airports that account for 25% of all air traffic in the country.
Throughout his journey, billionaire Gautam Adani experienced two very difficult moments. In 1997, the Indian was kidnapped by a group that demanded a ransom of US$ 1.5 million, and in 2008, he was one of the hostages in a terrorist attack that took place in Mumbai, at the Taj Hotel.
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