India’s Richest Man Drops to Fourth Richest Person in The World After Briefly Overtaking Jeff Bezos

India’s Richest Man Drops to Fourth Richest Person in The World After Briefly Overtaking Jeff Bezos

  • Gautam Adani, the Indian who made global news after overtaking Jeff Bezos as the second-richest man, has dropped to fourth place
  • He overtook Jeff Bezos, Bill Gates, Bernard Arnault and Warren Buffet to race to the second position
  • He dropped back to the fourth position but was still in a comfortable while Jeff Bezos and others lost billions

India and Asia’s richest man, Gautam Adani, has had a great year,

He briefly overtook Amazon founder Jeff Bezos as the second richest man in the world after toppling Bill Gates to the fourth position earlier.

Gautam Adani, Jeff Bezos, Bill Gates
Gautam Adani, Jeff Bezos and Bill Gates Credit: Bloomberg/Contributor
Source: Getty Images

A brief but strong race to the top

According to CNBC, Gautam Adani is now ranked the fourth wealthiest person in the world.

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But he is still richer than Microsoft Founder Bill Gates and renowned investor Warren Buffet.

Hermindra Hazari, a research analyst based in India, said that the type of rising that Adani had is phenomenal and unparalleled in the world.

Hazari said that in such a short time, a single individual has acquired assets across industrial sectors and has emerged as one of the most prominent billionaires in the world.

Steady rise from humble background

Adani came from middle-class family background and began his entrepreneurial journey in India’s financial capital, Mumbai, as a diamond sorter in the late 1970s,

He is now the chairman of the Adani Group, one of the three largest industrial conglomerates.

In August, he toppled Microsoft founder Bill Gates and LVMH boss Bernard Arnault to the third and fourth positions, respectively.

In September, he rattled the world to emerge the second-richest man in the world, albeit briefly.

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Indian billionaire Gautam Adani becomes the world's second-richest person above Jeff Bezos

Recall that reported that there is a new record holder in the billionaires ranking.

Chairman of Adani Group, Gautam Adani, has overtaken LVMH owner and CEO Bernard Arnault on Friday, September 16, 2022, to emerge as the world's second-richest person.

His net worth now stands at $155.5 billion on Forbes billionaire rankings. It increased by $5.2 billion or 3.49 per cent from Thursday, September 15, 2022.


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