He's the third richest man in the world, although many people haven't even heard his name

He’s the third richest man in the world, although many people haven’t even heard his name

According to the newspaper This is the first time an Asian person has reached the top three in the Bloomberg Billionaires Index. His compatriot Mukesh Ambani and China’s Jack Ma have not come this far.

With a fortune of $ 137.4 billion, he surpassed Adani of France, Bernard Arnault, and was preceded by only Elon Musk and American Jeff Bezos.

Until a few years ago, few people outside India had heard of Gautam Adani, who is now the third richest man in the world, according to the Bloomberg Billionaires Index. After dropping out of university, the Indian businessman first tried his luck as a diamond dealer, and later switched to coal.

Adani, 60, has spent the past few years building a portfolio of several companies, working in everything from coal to data centers to cement, media and alumina. The group includes India’s largest privately owned port and airport operator, city gas distributor and a coal mine.

At the same time, Bloomberg also notes that while the Adani empire is growing at a very rapid pace and so are its origins, More and more worry, as Adani financed her deals mostly with debtand his highly leveraged empire, CreditSights reports.

The Indian billionaire has increased his fortune by $60.9 billion so far this year, five times more than anyone else on the list.. He beat Ambani as the richest Asian in February, became a billionaire in April, and overtook Bill Gates last month as the world’s fourth richest person.

It’s also true that Adani has been able to surpass some of the world’s richest American billionaires in part because many of them have recently donated significant assets. Gates announced in July that he would donate $20 billion to the Bill & Melinda Gates Foundation, while Warren Buffett has already donated more than $35 billion to the charity.

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Cover Photo: Getty Images

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