Indian tycoon Adani surpasses Bill Gates to become world's 4th richest person

Gautam Adani, Chairman of India's Adani Group

[Asia Economy Reporter Kim Hye-min] Gautam Adani, chairman of India's Adani Group and Asia's top candidate, has surpassed Microsoft (MS) co-founder Bill Gates to become the world's 4th richest person.

According to the Bloomberg Billionaires Index on the 23rd (local time), Chairman Adani's fortune is estimated at $112.5 billion (approximately 147 trillion KRW), $23 million (about 3 billion KRW) more than 5th-ranked Gates.

Despite a general decline in the assets of global billionaires due to stock market crashes and cryptocurrency value drops, Chairman Adani's wealth has increased. Known as the 'infrastructure tycoon,' he has benefited from rising raw material prices and favorable Indian government development policies, increasing his fortune by $35.6 billion (about 46.5 trillion KRW) this year alone. In contrast, Gates' wealth decreased by $25.6 billion (about 34.6 trillion KRW) this year due to stock price declines and increased philanthropic activities.

Chairman Adani started his business as a small raw material trader and founded Adani Group in 1988, growing it into India's largest logistics and energy company. It is known that the number of passengers using airports operated by Adani Group accounts for about one-quarter of all passengers in India.

Recently, he announced large-scale investment plans related to renewable energy and green hydrogen production, and earlier this year, signed a memorandum of understanding (MOU) for joint projects including the construction of an eco-friendly integrated steel mill with South Korea's POSCO.

This content was produced with the assistance of AI translation services.