Jeff Bezos just lost his status as the world’s second-richest person, dropping to No. 3 as Indian business mogul Gautam Adani rapidly climbs the ranks of Bloomberg’s Billionaire Index. Elon Musk, still the No. 1 wealthiest person with $260 billion to his name, may need to watch his back. Adani has taken less than 10 months to reach the No. 2 spot after starting the year in 14th.
Shares of some Adani companies have jumped more than 1,000% since June 2020 — reflecting investor optimism about the conglomerate’s strength in areas like infrastructure and renewable energy that Prime Minister Narendra Modi has prioritized for development. Shares of his flagship Adani Enterprises are up more than 115% in 2022. In February, Adani overtook fellow Indian tycoon Mukesh Ambani to become Asia’s wealthiest person. Bezos’s net worth slumped to $145.
In the slums of New Delhi, the poorest low-caste Indians will stand up proudly when they think that their country's GDP exceeds that of the United Kingdom and that they have the second richest man in the world.Right?😄
Earlier money India used to make people in west it's making Indians rich. When you have 5th richest country in world you can have few in top richest people in world as well.
You Run Fast You Fall Fast
What an irony of life.
In Random Rich People News.
Modi = Adani. If you want to see Kpletocracy in full form, stop by at New Delhi. Tragedy is Modi doesn't have even an iota of shame!
The Rapid rise, is at the Cost of Indian Taxpayer, as the World's Second Richest Person owes nearly 3Lakh Crores to the PSB'S of India. And, with the backing of the State, guess The Person can even Occupy the Top slot!
Common Indians get poorer by the day as India's biggest defaulter's loans are written off by the banks. Shame.
At least we don’t have to see Adani’s six pack abs.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dcexaminer - 🏆 6. / 94 Read more »