the indian tycoon Gautam Adanichairman of sprawling Indian conglomerate Adani Group, stepped down as the world’s third-richest person to give it up to Jeff BezosCEO 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 LVMH Chairman and CEO 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 Musk, with a personal wealth of 160 billion.
Who is Gautam Adani?
The 60-year-old businessman is still the richest man in Asia as of February 2022.
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.
Editorial Team The editorial team of EMPRENDEDOR.com, which for more than 27 years has worked to promote entrepreneurship.