the indian tycoon Gautam AdaniChairman of sprawling Indian conglomerate Adani Groupleft the position as the third richest person in the world to cede it to Jeff Bezosfounder and former CEO of Amazon.
This came after a famous short seller published a report accusing Adani of manipulating the share price of his companies for decades, something the Asian billionaire has vehemently denied.
As disclosed ForbesAdani’s fortune fell by $6.5 billion to about $119.1 billion, falling below Bezos’ net worth of $119.2 billion.
The richest person in the world is still the president and CEO of LVMH bernard arnault, owner of Louis Vuitton. He has an estimated fortune of $212 billion. The second most millionaire person in the world is the CEO of Tesla, Elon Muskwith a personal wealth of 160 billion.
Who is Gautam Adani?
Adani is a director of the Adani Group, a conglomerate made up of seven companies that control India’s transportation, infrastructure and energy.
His family is also the largest operator of private ports and airports on the subcontinent. In addition, his company also has a larger stake in the distribution of gas and coal.
The 60-year-old businessman became the richest man in asia in February 2022 and has held that title ever since. In April of that year he became a centibillionaire, accumulating wealth of more than 100 billion dollars. In mid-September he became the second richest person in the worlda title previously held by Jeff Bezos.
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Jeff Bezos unseated Gautam Adani as the third richest person in the world, but not for a good reason – Entrepreneur