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Gautam Adani Bounces Back To 3 On Forbes Rich List, Overtakes Jeff Bezos Again
Gautam Adani jumps back to the third spot on Forbes richest list Gautam Adani's wealth surged as Indian stocks have rallied for two weeks in a row and outperformed Wall Street shares, and as a result, he has now jumped back to the third spot on the Real-Time Billionaires List compiled by Forbes, overtaking Amazon founder Jeff Bezos again. Indian equity benchmarks rallied on Monday, extending their gains into the third week on expectations of major central banks adopting a less hawkish approach and retreating oil prices. The Forbes list also reflected a sharp fall in Jeff Bezos' wealth after Amazon predicted weak holiday sales last Thursday, sending shares of the world's largest retailer plummeting in after-hours trading. The position of Gautam Adani on the list has fluctuated between second, third, and most recently fourth, based on the change in Bernard Arnault's and Jeff Bezos' wealth see-sawing driven by stock markets performance, with about $30 billion the differentiating factor between the three billionaires. Adani Group To Invest Over $150 Billion In Pursuit Of $1 Trillion Valuation A report showed Gautam Adani's group would invest over $150 billion across industries like green energy, data centres, airports, and healthcare as it chases the dream to join the elite global club of companies with $1 trillion valuations. The group's market capitalisation has increased by more than 16 times in just seven years, from about $16 billion in 2015 to around $260 billion in 2022. Source: NDTV #GautamAdani
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