Friday, October 7, 2022
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As of right now, an Indian tycoon has more money than Jeff Bezos and is the second richest person in the world.

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Jeff Bezos is now the third-richest person in the world. This is because his wealth has gone down again.

It’s possible that Elon Musk, who is still worth $260 billion, should be on guard. In little than 10 months, Adani has climbed from 14th to 2nd spot.

While Musk is worth $260 billion, Adani is worth $149.9 billion thanks to the assets of his vast Adani Group business.

A lot of the company’s divisions have been profitable as of late, but the port and coal divisions stand out.

Some Adani firms’ stock prices have risen more than 1,000% since June 2020, as investors are optimistic in the conglomerate’s infrastructure and renewable energy expertise.

Two areas that Prime Minister Narendra Modi has targeted for development. His primary firm, Adani Enterprises, had share price gain of about 115% in 2022.

In February, Adani surpassed another Indian business tycoon, Mukesh Ambani, to become the wealthiest person in Asia.

Bezos’ net worth decreased to $145.8 billion after widespread selling on Friday. Amazon shares opened down 3%, bringing its annual loss to above 25%.

Before his divorce in 2019, Amazon’s founder was number one. He’s rich with Amazon shares. The tech selloff has cost Bezos $45 billion since January.

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