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This is an archive article published on April 25, 2022

Gautam Adani edges past Warren Buffet to become 5th richest billionaire

According to real-time data by Forbes, Gautam Adani and his family's net worth as of early Monday, stood at $123.2 billion against Warren Buffet's $121.7 billion.

Indian billionaire Gautam Adani addresses delegates during the Bengal Global Business Summit in Kolkata, India April 20, 2022. (REUTERS)Indian billionaire Gautam Adani addresses delegates during the Bengal Global Business Summit in Kolkata, India April 20, 2022. (REUTERS)

Billionaire industrialist Gautam Adani, who heads the Adani Group that runs a slew of businesses ranging from airports to ports and power generation to distribution, has edged past veteran Wall Street investor Warren Buffet, to become the world’s fifth-most richest individual according to the data by Forbes.

According to Forbes’ Real-Time Billionaires List, Adani and his family’s net worth as of early Monday stood at $123.2 billion against Buffet’s $121.7 billion.

The Forbes list is currently headed by SpaceX and Tesla chief Elon Musk whose net worth stands at $269.7 billion. He is followed by Amazon founder Jeff Bezos (net worth $170.2 billion), LVMH owner Bernard Arnault and family (net worth $166.8 billion) and Microsoft founder Bill Gates (net worth $130.2 billion), the data showed.

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Reliance Industries Chairman and Managing Director Mukesh Ambani is placed in eighth place with a net worth of $104.2 billion, behind Larry Ellison (net worth $107.6 billion).

Adani in a recent event last week said if the country becomes a $30-trillion economy as projected by 2050, it can also be home to a nation wherein no one will go to bed on empty stomach.

“We are around 10,000 days away from year 2050. Over this period, I anticipate we’ll add about USD 25 trillion to our economy. This translates to an addition of USD 2.5 billion to the GDP every day. I also anticipate that over this period, we’ll have eradicated all forms of poverty,” Adani said.

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