(CNN Business) – Gautam had already condemned me The richest man in Asia. He is now the third richest person in the world, surpassing LVMH President Bernard Arnault and He became the first Asian person to hold this positionto me Bloomberg and the Billionaires Index.
According to the index, Adani, which runs one of the largest conglomerates in India, is now worth about $137 billion.
That’s after this week’s increase put him behind Tesla CEO Elon Musk and Amazon founder Jeff Bezos, whose fortunes are estimated at $251 billion and $153 billion, respectively.
The founder of the Adani Group, which bears his name, controls companies ranging from ports and aviation to solar and coal.
His fortune has grown exponentially since the start of the global health crisis, with investors betting that he can grow his business in sectors that Indian Prime Minister Narendra Modi has prioritized development. Adani has also benefited from a rebound in coal use, which has driven it up in recent months, according to Bloomberg.
In February, Adam He beat Indian businessman Mukesh Ambani He became the richest person in the region.
Its rise in global wealth rankings comes as some of the world’s 1% members give up more resources.
In July, Microsoft co-founder Bill Gates ad That he would allocate $20 billion to the Bill and Melinda Gates Foundation, and reiterated his intention to leave “the list of the world’s richest people.” Gates is currently the fifth richest person in the world, according to the Bloomberg Index, with a net worth of $117 billion.
Within India, Adani has made a name for itself in other ways.
Last week it was announced a hostile show To take over an influential television network, New Delhi Television (NDTV). The operation is carried out by AMG Media Networks, a unit of the Adani Group.
However, the group’s entry into the media comes at a time when its rapid debt-driven expansion has become a concern for analysts. The move also raised concerns about the future editorial freedom of NDTV, one of the country’s most respected news networks.
Diksha Madhok contributed to this report.