Indian billionaire Gautam Adani briefly becomes world’s third richest person

Gautam Adani was the third richest person in the world this afternoon when his net worth rose to $150.6 billion. forbes Real-time billionaire ranking.

Adani surpassed Amazon founder and chairman Jeff Bezos, whose fortune fell by nearly $10 billion to $150.2 billion after the e-commerce giant’s stock fell 7% in New York on Tuesday. rice field. The difference between the two net worths has become so small that their position in the rankings may change again in the near future.

Elon Musk continues to lead the global wealth rankings with a net worth of $265.6 billion, second place held by French fashion mogul Bernard Arnault with $165.3 billion.

Adani’s fortune has nearly tripled since last year as his company’s shares surged on the back of rapid expansion amid rising energy prices. The infrastructure tycoon owns stakes in his six publicly traded companies that bear his name and operate in power, green energy, gas, ports and more. Adani became Asia’s richest person in February this year, surpassing Indian billionaire Mukesh Ambani, who has a current net worth of $90.1.

Meanwhile, Bezos’ net worth has fallen 20% since April as Amazon’s stock price fell under pressure from slowing revenue growth, rising costs and rising interest rates. US stocks fell across the board on Tuesday after a report from the US Department of Labor revealed higher-than-expected inflation. The consumer price index in August rose 8.3% over the same month last year. That’s his down from his 8.5% in July.

In the first six months of 2022, Amazon posted a net loss of $5.8 billion, compared to a net profit of $15.8 billion for the same period in 2021. period of the previous year.