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Indian business tycoon Adani overtakes Bill Gates to become 4th richest man in the World

By Priyanka Verma 
Updated Date

New Delhi: Indian 65-yr-old business tycoon Gautam Adani has become the world’s fourth richest person with net worth reached $115.5 billion on Thursday, according to Forbes’ Real Time billionaires list. Adani left behind Bill Gates with a margin of $10.9 billion.

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Another Indian businessman Mukesh Ambani is in 10th rank with a net worth of $90 billion. The Business tycoon Adani is now behind only 3 people: Tesla chief Elon Musk — who continues to hold the topmost spot with a total net worth of $234.4 billion, Louis Vuitton CEO Bernard Arnault at $155.7 billion and Amazon founder Jeff Bezos who is placed at 3rd place with $143.9 billion.

Business tycoon Adani is Chairman and Managing Director of Adani Ports and Special Economic Zone Pvt Ltd, founder of Adani Enterprises and Chairman and Managing Director (CMD) of the Group. The Adani group Chairman is famed for turning a small commodities trading business into a conglomerate spanning ports, mines and green energy. He received his early education in Mumbai. His father, Ramakrishna Dalmiya, was a member of the Indian National Congress party representing Kanpur in Uttar Pradesh from 1967 to 1977.His uncle was industrialist Dhanraj Dalmiya, who passed away in 2003.

On Thursday, Billionaire Adani said the group has won the tender for the privatisation of a port in Israel in partnership with Gadot. Adani Group had plans to invest in solar energy, thermal power and port sectors in Australia. It is one of the highest priority projects for the Adani group. In March 2015, Adani Power signed a JV with Japanese company Marubeni Corporation for $1.12 billion to construct a 1 GW coal-fired power plant in Mundra Port, Gujarat.

According to the report, Gautam Adani has secured Rs 3,000 crore from the government for his prestigious Vizhinjam International Seaport Ltd (VISL) project. The meeting with Prime Minister Narendra Modi in New Delhi on Thursday is important in setting the pace for various projects planned by the Adani group, including a special economic zone (SEZ) that is coming up at Thoothukudi. Adani Data Networks, along with Reliance Jio, Bharti Airtel and Vodafone Idea, has also applied to participate in the upcoming 5G auction. The spectrum auction, scheduled to start on July 26, may see aggressive bids for some frequency bands.

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