Gautam Adani Back To World’s Second-Richest, Was No. 2, Then No. 3 On Friday

Gautam Adani is listed as the second richest person in the world by Forbes.

Billionaire Gautam Adani on Monday became the world’s second-richest person in the real-time billionaires list compiled by Forbes, after a brief stint on Friday, as Indian equities recovered from a broad sell-off in global risk assets on Monday. Refused.

According to Forbes, Mr. Adani’s net worth rose $2.1 billion on Monday to $154.1 billion, overtaking Louis Vuitton’s Bernard Arnault, whose fortune fell $2.6 billion to $152.6 billion. .

On Monday, Indian equities recovered from last week’s market rout and were higher in a volatile session, swinging between gains and losses, defying broad global risk aversion sentiment.

Global equities were strained and on the back foot, and the dollar strengthened on expectations of escalating and broad rate hikes from major central banks due this week.

On Friday, Gautam Adani briefly overtook Bernard Arnault, but the loss of domestic equity pushed him to third place ahead of Amazon founder Jeff Bezos.

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