According to Forbesโ Real-Time Billionaires List, Gautam Adani, Indian businessman and owner of Adani Group, has overtaken Microsoft co-founder Bill Gates to become the worldโs fourth richest person. On Thursday, Gautam Adaniโs net worth jumped to $115.5 billion leaving behind Bill Gates whose fortunes are at $104.6 billion.
Mukesh Ambani, another Indian on the list, ranks 10th with $90 billion fortune.
Elon Musk, the founder of SpaceX and Tesla, whoโs been in the midst of controversy over his to buy micro-blogging website Twitter only to abandon it later, is on the 1st rank in the list with $235.8 billion.
When Mr Adani took over Mr Ambani as richest man in Asia, Bloomberg had reported: โSome of Adani Groupโs listed stocks have soared more than 600% in the past two years on bets his push into green energy and infrastructure will pay off as PM Modi looks to revive the $2.9 trillion economy and meet Indiaโs carbon net-zero target by 2070.โ
โIn barely three years, Adani has gained control of seven airports and almost a quarter of Indiaโs air traffic. His group now owns the countryโs largest airport operator, power generator and city gas retailer in the non-state sector,โ Bloomberg added.
In another deal whichโll add to its fortunes, the Adani group on Thursday said it has won the tender for the privatisation of a port in Israel in partnership with Gadot.
Among Israelโs three major international seaports, the Port of Haifa is the largest one.
To begin its journey in communications sector, along with Reliance Jio, Bharti Airtel and Vodafone Idea, Adani Data Networks has also applied to participate in the upcoming 5G auction. Scheduled to begin on July 26, the spectrum auction is likely to see intense and aggressive bidding for some frequency bands, as two of the Indiaโs richest businessmen will contest against each other.
It is in the race to acquire spectrum, the Adani group said on Saturday. The group said it will be used to create a private network to support its businesses from airports to power as well as data centres.
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