Billionaire Gautam Adani becomes world’s second richest man

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Indian billionaire Gautam Adani has now become the world’s second richest man, replacing Bernard Arnault by a whisker on the Forbes list. The Adani Group chairman’s net worth now stands at $155.5 billion (₹12.37 lakh crore).

According to the Forbes Real Time Billionaires List, Adani’s net worth rose by $5.2 billion, a hike of 3.49 percent. He is narrowly ahead of French tycoon Bernard Arnault and Amazon founder Jeff Bezos. Tesla founder Elon Musk continues to occupy the top position in the rich list.

In the top 10 list, Reliance Industries chairman Mukesh Ambani is the second Indian with a net worth of $92.2 billion. The other billionaires in the top ten list include Bill Gates, Larry Ellison, Warren Buffett, Larry Page and Sergey Brin.

The Adani Group’s kitchen essentials firm Adani Wilmar Ltd is now scouting for local and overseas acquisition targets to boost its food operations business, Bloomberg reported. The company’s chief executive officer and managing director Angshu Mallick told Bloomberg that the company is looking to acquire brands in staple foods and distribution companies to boost its consumer goods offering and reach.

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