FORTUNE – A man from a middle-class family made a fortune in ports and trade in goods.
This is unheard of. For the first time, an Asian ranked among the top three richest people in the world according to the Bloomberg Billionaires Index. Indian industrialist Gautam Adani became the third richest person in the world on Tuesday. The self-made billionaire more than doubled his fortune to $137.4 billion last year, putting him just behind Elon Musk (1st) and Jeff Bezos (2nd), moving up 20 places.
Gautam Adani, 60, made his fortune in ports and commodity trading and now runs India’s third-largest conglomerate, with interests ranging from coal mining and edible oils to airports and media.
He started in the diamond industry
The price of the Adani Enterprises group, in which the billionaire owns 75%, has risen more than 2,400% since March 2020 and has doubled in the past six months. The growth in the value of shares in other group companies such as Adani Transmission, Adani Power, Adani Ports and Adani Green Energy has allowed Gautam Adani to surpass the fortune of his fellow billionaire Mukesh Ambani.
Gautam Adani was born in Ahmedabad, in the western state of Gujarat, to a middle-class family.
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