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Indian tycoon Adani Joins Musk, Bezos in exclusive $100b club

Indian tycoon Adani Joins Musk, Bezos in exclusive $100b club

Indian tycoon Adani Joins Musk, Bezos in exclusive $100b club-

The centibillionaires club now has a new member: Gautam Adani.

India’s richest man, whose empire includes ports, mines and green power, is the latest in a fortune of more than $ 100 billion ($ 139 billion). About US24 billion this year, it is the largest beneficiary globally and joins nine other members of the elite and wealthy group now worth US105 billion. My colleague Mukesh Ambani, who initially had the money circulating at that level in October, has now dropped slightly below it to US100 billion; according to the Bloomberg Billionaires Index, as of April 5 the rise of Mr Adani was dramatic. The retired college student who started out rich in the coal industry has amassed almost all of his wealth over the past two years, thanks to a shift to green energy and infrastructure that led him to invest in companies including Total SE of France and Warburg Pincus.

According to sources, he is also exploring possible relations in Saudi Arabia, including the possibility of buying part of the world’s largest oil exporter.

His focus on expanding areas that Indian Prime Minister Narendra Modi sees as important in building the country and meeting long-term economic goals has positive results: Some Adani Group stocks have declined by more than 1000 per cent since 2020. a year for the rich, and the 500 richest people in the world add more than US1 billion to their wealth combined, Adani, 59, stood out. His value increased by $ US42.7 billion, which is one of the biggest profits. In February, he became the richest man in Asia, surpassing Mr Ambani.

Mr Adani and Mr Ambani, 64, chairman of Reliance Industries, a major oil and petrochemicals company, have reached the pinnacle of wealth-oriented domination of wealth-makers in the US technology sector. Like Mr Adani, Mr Ambani has been able to direct his conference to new industries – e-commerce and technology – earning billions of dollars in investment from sponsors, including Facebook and Google.

Wealth building has grown exponentially in recent years. In 2017, Jeff Bezos of Amazon.com became the first to hit the $ 100 billion record since Microsoft founder Bill Gates back in 1999. in 2020.

By Bznessicon

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