Gautam Adani, chairman of the Adani Group, became the fourth richest man in the world, overtaking Microsoft co-founder Bill Gates with an estimated net worth of $115.5 billion on Thursday.
The Indian entrepreneur outperformed Gates, whose net worth is estimated to be $104.6 billion by Forbes’ Real-Time Billionaires List. After making the announcement that he would be giving $20 billion of his wealth to his non-profit, Gates’ ranking dropped.
The 60-year-old business tycoon is only behind Amazon’s Jeff Bezos, Bernard Arnault & family of Louis Vuitton, and SpaceX’s Elon Musk, who leads the rankings as the richest man in the world with a net worth of $235.8 billion.
The development comes days after Adani announced that his group has won the tender for privatisation of a port in Israel in partnership with Gadot.
“Delighted to win the tender for privatisation of the Port of Haifa in Israel with our parner Gadot. Immense strategic and historical significance for both nations,” Adani said in a tweet. The Port of Haifa is the largest of Israel’s three major international seaports.
Meanwhile, a subsidiary of Adani’s flagship Adani Enterprise Ltd has also applied to participate in the July 26 auction of 5G spectrum. Adani Data Networks showed a net worth of Rs 248.35 crore in its application to participate in the auction at the close of application on July 8, according to the information posted by the Department of Telecommunications (DoT).