Indian Billionaire Gautam Adani Briefly Becomes The World’s Third-Richest Person

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Indian Billionaire Gautam Adani Briefly Becomes The World’s Third-Richest Person
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Gautam Adani was the world’s third-richest person for a brief period this afternoon, when his net worth rose to $150.6 billion on Forbes’ Real-Time billionaire rankings.

Adani’s wealth has almost trebled since last year as shares in his companies have soared on the back of a rapid expansion amid rising energy prices. The infrastructure tycoon owns stakes in six publicly traded companies that bear his name and operate in power, green energy, gas, ports and more. Adani becamethis year, when he overtook fellow Indian billionaire Mukesh Ambani, whose current net worth of $90.1 places him at No. 8.

Meanwhile, Bezos’ net worth has dropped 20% since April as Amazon’s shares were whose shares under pressure from slowing revenue growth, rising costs and rising interest rates., Amazon had a net loss of $5.8 million, compared to net profit of $15.8 million in the same period in 2021. While its revenue was $237.7 million, increased by 7.2% from $221.6 million year-on-year.

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