- Jeff Bezos was the second-richest person in the world.
- He’s just dropped to third.
The second-richest man around the globe, Jeff Bezos, has recently dropped to third as Indian business billionaire Gautam Adani quickly climbs through the Asian Trade Billionaire Index.
With $260 billion sitting in his account at the bank, Elon Musk, who remains the most successful person on earth might need to be extra cautious. At the beginning of the year, in the 14th position, Adani has moved up to a position of 2 within a mere 10 months.
Because white tech entrepreneurs have been dominating Bloomberg’s list of top performers, a person from Asia has never been ranked so high on the list.
Musk’s $260 billion wealth is significantly higher than Adani’s $146.9 billion fortune of which is made up of the assets of his massive Adani Group conglomerate. Adani Group owns and manages several profitable businesses which include ports and coal.
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Since June of 2020, the shares of various Adani companies have risen more than 1,000% showing confidence among investors in the company’s abilities in areas like infrastructure and renewable energy which Premier minister Narendra Modi has highlighted to promote development. In 2022 the shares of his main firm,
Adani Enterprises, have increased by over 115%..
Adani beat the fellow Indian commercialist Mukesh Ambani back in February, claiming the title of the most successful one in Asia.
According to Asian Trade Bezos’s net worth dropped to $145.8 billion, as tech stocks suffered in the midst of a bigger equity sale on Friday. In the early hours, there was the stock drop by 3% Amazon shares, which brought the stock’s annual decline to more than 25 percent.
The previous top-ranked person on the list was the person who founded Amazon However, after his divorce in 2019 his fortune dipped. The majority of his wealth is comprised of Amazon shares. Bloomberg states that from January Bezos’s net worth dropped by $45 billion because of the tech market selloff.
