An Indian tops the global billionaire list in terms of wealth creation in 2022

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Gujarat’s own Gautam Adani, chairman and founder of Indian multinational conglomerate Adani Group, has outperformed all the world’s top billionaires in wealth creation in 2022 so far. All thanks to the ongoing rally in the group’s shares.

With a year-to-date (YTD) increase of $59.1 billion in total net worth, the entrepreneur is the third richest individual in the world. His total net worth stood at $136 billion on Nov. 11, 2022, according to the Bloomberg Billionaire Index.

Year-to-date, shares of Adani Power jumped 261% to Rs 360.10 from Rs 99.75 on December 31, 2021. It was followed by Adani Enterprises (up 135%), Adani Total Gas (up 122 per cent), Adani Transmission (up 90%), Adani Green Energy (up 65%) and Adani Ports and Special Economic Zone (up 22%). Adani Wilmar, which went public in February 2022, has also rallied 193 so far against its issue price of Rs 230.

Read also : Adani Enterprises, 4 Other BSE 500 Multibaggers Report Over 100% Increase in Second Quarter Net Profit; should you buy?

The billionaire of the other world

Susquehanna International Group founder Jeff Yass, who is the 31st richest person in the world, has seen a $29.6 billion increase in his total net worth in the current calendar year, data shows. accessible to the public. The world’s 20th richest Zhang Yiming and the world’s 95th richest Rodolphe Saade and his family also see an increase of $10.4 billion and $4.49 billion, respectively, in their respective total net worth in 2022.

On the other hand, the total net worth of Elon Musk, the richest person in the world, has reached $86.60 billion to $184 billion since the start of the year. The sharp drop came amid the sale of Tesla shares owned by Musk. Tesla’s stock price has fallen more than 52% since the start of the year.

With a total net worth of $153 billion, LVMH Moet Hennessy Louis Vuitton Chairman Bernard Arnault is the second richest person in the world. His net worth has also dropped by $24.8 billion in the current calendar year since the start of the year. Among the other big guns, Jeff Bezos, Bill Gates and Warren Buffett also saw drops of $72.70 billion, $26.30 billion and $3.03 billion in their respective total net worth in 2022 so far. now.

Besides Gautam Adani, other Indian businessmen such as Sun Pharmaceutical Industries’ founder Dilip Shangvi, chairman of telecommunications major Bharti Airtel. Sunil Mittal and Eicher Motors founder and former CEO Vikram Lal also saw growth of around $1 billion to $1.50 billion in their total net worth, according to the data.

Other major industrialists, including Reliance Industries Chairman and CEO Mukesh Ambani, Shiv Nadar of HCL Technologies and Azim Premji of Wipro, see drops of $1 billion, $7.63 billion and $17.30 billion dollars of their respective total net worth in the current calendar year.

Overall, the current year has been very tumultuous for the global business environment due to the ongoing geopolitical crisis between Ukraine and Russia and rising inflation which has led to interest rate hikes. ‘interest.

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