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The humiliation did not last long.
The earthquake that struck in the quiet surroundings of the largest property on Earth in mid-September seems to have completely disappeared.
It doesn’t seem to leave any traces, even looking like a distant memory.
Everything seems to have returned to normal, to the point that I wondered if it hadn’t even shaken. Former world’s richest man Jeff Bezos was ousted as the world’s second-richest man on September 16 by Indian businessman Gautam Adani.
The information has spread all over the world as Americans, especially the tech giants, have dominated the rankings of the world’s richest people for several years. The duo formed by Elon Musk, the richest man in the world, and Bezos, who tops these rankings, has become an everyday form for those who love them.
Chris Jackson/Getty
Bezos is back on top
Founder and Chairman of Amazon, a giant of technology and online retail (AMZN) It fell to number three on Sept. 16, according to the Bloomberg Billionaires Index.
Bezos had an estimated fortune of just under $147 billion that day, while Indian tycoon Gautam Adani, Indian billionaire and chairman of industrial conglomerate Adani Group, had $147 billion.
Two weeks later, Bezos regained the #2 spot. According to the Bloomberg Billionaires Index, he had a net worth of $136 billion as of Sept. 30.In front of him is Tesla CEO Musk (TSLA) whose fortune is estimated at $236 billion.
Adani slipped to fourth place with assets of $130 billion.Bernard Arnault, CEO of French luxury group LVMH (LVMHF) returned to number three with an estimated fortune of $131 billion.
The fifth richest person in the world is Microsoft co-founder Bill Gates (MSFTMore) worth $105 billion.
If Bezos regains the title, the billionaire remains the person who has lost the most money among the top 10 members since January. His fortune actually fell to him $56.5 billion in nine months.
Adani is becoming a millionaire
During this time, Arnaud lost $47.4 billion, while Gates lost $32.8 billion and Musk lost $32.2 billion.
Most of these billionaires’ wealth is based on their respective companies’ stocks. Thus, the shock that financial markets have suffered over the last few months is responsible for the decline in the fortunes of the wealthiest.
Meanwhile, Adani is the only billionaire in the top 10 whose wealth has increased since January. He’s now worth $53.6 billion more than he was in early 2022.
Earlier this year, Adani overtook compatriot Mukesh Ambani to become Asia’s richest person. Ambani was ranked as the 10th richest person in the world with an estimated net worth of his $82.7 billion.
Adani’s rise began during the covid-19 pandemic. In March 2020, his net worth surpassed his $6 billion. Since then, his fortune has increased almost 25 times.
Adani, 60, is not well known in the West.
Born in 1962 in Ahmedabad, western India, Adani comes from a modest family of seven children whose father was a small textile merchant.
A self-made executive, Adani started working for diamond dealer Mahendra Brothers at the age of 16, responsible for sorting gems.
In 1988, he founded a commodity trading company that later became the Adani Conglomerate.
Zuckerberg continues to decline
Adani has grown the group by acquiring indebted companies. Adani Group has become India’s most valuable company. The company owns mines, ports and power plants. It owns a dozen commercial ports and has a presence in coal, power and renewable energy. It has also diversified into airports, data centers and defense.
The top 10 richest people in the world are dominated by tech tycoons.
Co-Founder of Alphabet (Google) Google’s parent companies Larry Page and Sergey Brin are the 7th and 8th richest people in the world respectively, with wealth estimated at $88.7 billion and $84.9 billion respectively.
Iconic investors Warren Buffett is sixth with a net worth of $94.2 billion, and Steve Ballmer is ninth with a net worth of $83.3 billion.
Mark Zuckerberg, CEO of social networking giant Meta Platforms (meta) was kicked out of the front-runner list and is only the 23rd richest person on the planet.He’s now worth $50.9 billion after losing $74.6 billion since January.
The collapse of Zuckerberg’s fortune coincides with a stock market crash in Meta, which faces tough competition from TikTok, and Apple says it will give iPhone owners the choice to decide which apps can track their online movements. made a decision.
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