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Gautam Adani world’s 4th richest on Forbes list after Bill Gates $20 bn donation

Bill Gates last week revealed that he planned to give all his wealth to his non-profit - Bill & Melinda Gates.

Published on: Jul 19, 2022, 08:50:34 IST
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Gautam Adani, India’s richest person, now holds the fourth spot on the Forbes world’s richest list. This comes after Microsoft founder Bill Gates last week said he would be donating $20 billion of his wealth to his non-profit - Bill & Melinda Gates.

File photo of Adani Group chairman Gautam Adani at Mundra Port in Gujarat. (HT photo)
File photo of Adani Group chairman Gautam Adani at Mundra Port in Gujarat. (HT photo)

In a blog, the 66-year-old tech billionaire further revealed that he planned to give away all of his wealth gradually to the foundation, which he had co-founded with his former wife. “My giving this money is not a sacrifice at all. I feel privileged to be involved in tackling these great challenges, I enjoy the work, and I believe I have an obligation to return my resources to society in ways that have the greatest impact for improving lives. I hope others in positions of great wealth and privilege will step up in this moment too,” he had said, making the big announcement, which would topple his hold on the world’s richest list. As per the real time Forbes data, Gates now has a net worth of around $102 billion.

He is the founder and chairman of the Adani Group, which boasts to be among top three conglomerates in India. “Adani Group is constituted of seven publicly listed entities with combined market capitalization in excess of$197.49 billion (as on July 19, 2022) with businesses spanning across Energy, Ports & Logistics, Mining & Resources, Gas, Defence & Aerospace and Airports. In each of its business areas, the Group has established leadership position in India,” says its official website.

In February, the 60-year-old business magnate passed Mukesh Ambani as Asia’s richest person.

On the Forbes' list, while Elon Musk is the richest person with $230 billion net worth, Bernard Arnault of Louis Vuitton is at the second spot. Amazon boss Jeff Bezos is the third on the list.

 
ABOUT THE AUTHOR
Swati Bhasin

A newsroom junkie with 11+ years of experience with print and online publications; travel and books are the soup for the soul.

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
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