Adani Joins $100 Billion Club, Adds Highest Wealth Amongst Ambani, Bezos, Musk & Others This Year

World¡¯s centibillionaires¡¯ club has a new member, Gautam Adani. The Indian tycoon, whose diverse empire includes ports, mines and green energy, is the latest whose fortune reached the $100 billion mark, as per a report in BloombergQuint.

Adani¡¯s wealth has upped almost $24 billion this year, becoming the world¡¯s biggest gainer and joining nine other members of the elite group of centibillionaires.

The $100 Billion Club

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In 2017, Amazon.com Inc.¡¯s Jeff Bezos was the first to hit the $100 billion milestone since Microsoft Corp. co-founder Bill Gates back in 1999. Tesla Inc.¡¯s Elon Musk, now the world¡¯s richest person with a fortune of $273 billion, joined the $100 billion group in 2020.

As per Bloomberg Billionaires Index, centibillionaires including Bill Gates, Jeff Bezos and Bernard Arnault have lost billions in wealth this year to date.

Moreover, Reliance chairman Mukesh Ambani, whose net worth first topped that benchmark in October 2021, has now dropped slightly below it to $99 billion, according to the Bloomberg Billionaires Index.

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Adani¡¯s ascent has been nothing short of spectacular, as per the report, with the shift to green energy and infrastructure contributing big to his fortune in the last two years. That is what landed him investments from companies including France¡¯s Total SE and Warburg Pincus. Adani is also reportedly exploring potential partnerships in Saudi Arabia, including the possibility of buying a stake in the world¡¯s largest oil exporter, people with knowledge of the matter said.

While 2021 was a good year for the rich, with the world¡¯s 500 wealthiest people adding more than $1 trillion to their combined fortunes, 59-year-old Adani stood out. His net worth soared by $42.7 billion, one of the biggest gains.

As per BloombergQuint, Adani and Ambani reached the pinnacle of a wealth ranking that¡¯s dominated by people who largely made their fortunes in the U.S. technology sector. Like Adani, Ambani was able to pivot his conglomerate to new industries of e-commerce and tech, and got billions of dollars in investments from backers including Facebook and Google.

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