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India’s Gautam Adani becomes first Asian to be world’s third-richest with $137.4 billion

Adani has surpassed other notable Asian business tycoons such as Reliance’s Mukesh Ambani and Alibaba’s Jack Ma Yun, and now trails Tesla’s Elon Must and Amazon’s Jeff Bezos

Indian Billionaire Gautam Adani India
India's richest man has seen his business empire fall by more than $70bn in just a few days

Indian business tycoon Gautam Adani has now become the world’s third richest person, making him the first Asian to land among the top three positions, according to the Bloomberg Billionnaires Index.

Despite dropping out of college, Adani began his journey as a diamond trader before turning to coal and now holds a net worth of $137.4 billion.

Adani has surpassed other notable Asian business tycoons such as Reliance’s Mukesh Ambani and Alibaba’s Jack Ma Yun, and now trails Tesla’s Elon Must and Amazon’s Jeff Bezos.

The 60-year-old, saw his wealth skyrocket during the pandemic, expanded his coal-to-ports conglomerate, into data centers, cement, media and alumina, among others.

Recently, Adani Group has mounted a bid in one of India’s news companies NDTV (New Delhi Television Ltd). The deal is being pursued by AMG Media Networks, a unit of Adani’s conglomerate.

Adani also pledged to donate $7.7 billion for social causes to mark his 60th birthday, in June this year.

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Sharon Benjamin

Born and raised in the heart of the Middle East, Sharon Benjamin has been making waves as a reporter for Arabian Business since 2022. With a keen eye for detail and an insatiable curiosity for the world...