World’s richest list – World’s richest sports team owner: Gautam Adani, chairman of business conglomerate Adani Group, is now the world’s third richest…
World’s Richest List – World’s Richest Sports Team Owners: Gautam Adani, chairman of the business conglomerate Adani Group, is now the third richest man in the world. According to the Bloomberg Billionaires Index, he has surpassed France’s Bernard Arnault. Mumbai Indians owner Mukesh Ambani has dropped to number 11 in the world’s richest list. Adani also became the richest sports team owner in the world – overtaking Steve Ballmer: Follow Sports Business News Updates with InsideSport.IN
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World’s richest list: Investor in multiple sporting properties, Gautam Adani is now world’s third richest man, MI owner Mukesh Ambani drops to number 11: Check out
With a net worth of $137.4 billion, 60-year-old Adani is now behind business magnates Elon Musk and Jeff Bezos in the rankings.
Reliance chief Mukesh Ambani is at number 11 with a total of $91.9 billion.
This is the first time an Asian has made it to the top three of the Bloomberg Billionaires Index.
The index is a daily ranking of the world’s top richest people. Each billionaire’s profile page provides details on the calculation of the net worth analysis. Statistics are updated at the end of each trading day in New York.
Elon Musk and Jeff Bezos’ net worth is currently $251 billion and $153 billion respectively.
Adani is a first-generation entrepreneur, whose Adani Group consists of 7 publicly-listed entities with businesses spanning Energy, Ports & Logistics, Mining & Resources, Gas, Defense and Aerospace and Airports. In each of its business segments, the group has built a significant presence in India.
Adani Group is the third largest conglomerate in India after Reliance Industries and Tata Group.
Listed companies of Adani Group are Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Power, Adani Total Gas and Adani Transmission.
Over the past 5 years, flagship company Adani Enterprises has invested heavily in new growth sectors including airports, cement, copper refining, data centers, green hydrogen, petrochemical refining, roads and solar cell manufacturing.
Looking ahead, it has extensive plans to enter the telecom space and grow its green hydrogen and airport businesses.
Recently, the group also announced plans to set up a 4.1 MTPA integrated alumina refinery, as well as a 30 MTPA iron ore beneficiation plant in Odisha which could cost over 580 billion.
As part of its corporate social responsibility, the Adani group has decided to contribute Rs 600 billion towards charitable activities related to healthcare, education and skill development, with a particular focus on rural India, he told shareholders at the group’s annual general meeting held late. July
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