Indian Gautam Adani joins Elon Musk and Warren Buffett in the centibillionaires’ club

According to the infrastructure tycoon’s fortune reached $100 billion over the weekend Bloomberg Billionaires Index, making him the richest person in Asia. He joins nine other men in the centibillionaires’ club, including Tesla (TSLA) CEO Elon Musk, Amazon (AMZN) Founder Jeff Bezos and Berkshire Hathaway (BRKA) Chairman Warren Buffett.
French businessman Bernard Arnault — the chairman of the luxury goods group LVMH (LVMHF) — and Adani are the only non-Americans worth at least $100 billion.
As stock markets boomed around the world during the pandemic, many billionaires saw their wealth explodebut Adani’s gains were extraordinary.
India's billionaires got richer while the coronavirus pushed millions of vulnerable people into poverty

The 59-year-old founder of the Adani Group controls companies ranging from ports and aerospace to thermal power and coal, and his fortune has risen by nearly $90 billion over the past two years.

Shares of some Adani companies have more than risen 1,000% a sign that investors are bullish on the billionaire industrialist since June 2020 Ability to bet on sectors such as infrastructure and renewable energy, which are critical to Prime Minister Narendra Modi’s economic development goals.

According to Bloomberg, Adani is now the 10th richest man in the world, just ahead of his compatriot Mukesh Ambani, who is worth $99 billion.

Ambani, who controls Reliance Industries, has also shifted its focus from oil to newer areas such as mining green energy and technology. Indian Gautam Adani joins Elon Musk and Warren Buffett in the centibillionaires’ club

Chris Estrada

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