The World's Richest People: The Mysterious Tycoon That Dethroned Jeff Bezos

A major shift in the top of the world's richest man: Who is the mysterious Indian tycoon who became more wealthy than Jeff Bezos? He's worth no less than 146 billion dollars!

Jeff Bezos has just lost his status as the second richest person in the world, dropping to third place, while Indian tycoon Gautam Adani is rapidly climbing Bloomberg's billionaire rankings, according to CNN.

Elon Musk, the CEO of Tesla and SpaceX, is still the richest person in the world with a massive fortune of 260 billion dollars. But he may have to watch his back since Indian tycoon Gautam Adani took less than 10 months to reach No. 2 after starting the year in 14th place.

It's the first time an Asian person has ranked so high on the Bloomberg list. Tech entrepreneurs have long dominated the world's richest people list.

The Mysterious Indian Tycoon Who Is More Wealthy Than Jeff Bezos

Gautam Adani's 146.9 billion dollars fortune, largely tied to his Adani Group conglomerate, is still far behind Elon Musk's 260 billion dollars.

The group operates a number of businesses, including ports and coal, that have thrived in recent years.

Shares in some Adani companies have risen more than 1,000% since June 2020 - reflecting investor optimism about the conglomerate's strength in infrastructure and renewable energy whose development Prime Minister Narendra Modi has made a priority.

The shares in its flagship company, Adani Enterprises, rose more than 115% in 2022.

Elon Musk and former Amazon CEO Jeff Bezos have repeatedly dethroned each other from the position of the richest man in the world several times during the years, but now it seems that the competition is becoming more fierce.
Picture Source:  Hepta

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