This Indian Businessman Just Overtook Bill Gates To Become World's Fourth Richest Person

Last week, an Indian moved up the ladder of the billionaires’ list, and he is currently perched at the number four slot.

What Happened: Gautam Adani, the Indian billionaire with a net worth of $112 billion, according to the Bloomberg Billionaires’ Index, is now the world’s fourth-richest man, only behind Tesla, Inc.’s (NASDAQ: TSLA) Elon Musk, Amazon, Inc. (NASDAQ: AMZN) founder Jeff Bezos and French luxury brand LVMH (OTC: LVMUY) CEO Bernard Arnault

This week, he moved past Microsoft Corporation (NASDAQ: MSFT) co-founder Bill Gates.

Read Benzinga’s April article on Adani’s wealth creation rivaling Elon Musk in 2021

Who’s Adani: Adani, 60, is a businessman based out of Ahmedabad, located in the northwestern state of Gujarat – home to Indian Prime Minister Narendra Modi. He is a first-generation entrepreneur.

His company, the Adani Group, has under its umbrella diverse businesses, and it has operations worldwide. Adani’s flagship business – the Adani Enterprise, does coal mining and coal trade, and also operates airports. Other sister companies include Adani Ports, which operates ports, Adani Green Energy, which develops solar power and Adani Total Gas, which distributes gas.

Adani has left his fellow Indian billionaire Mukesh Ambani, chairman of Reliance Industries, way behind, with the latter’s net worth now standing at $88.7 billion.

Photo: Courtesy of Team Finland on flickr