The billionaire closing in on Bezos - The Hustle
The Hustle

The billionaire closing in on Bezos

Gautam Adani is rapidly rising on the billionaires list. Could he be richer than Elon Musk someday?

Selina Lee

Two years ago, Gautam Adani’s net worth was $10B. Now, he’s the third-wealthiest person in the world, nearly rivaling Jeff Bezos.

How’d he get so rich?

Adani is the chairman and founder of Adani Group, an Indian multinational conglomerate with arms in gas, power, ports, and several other sectors.

Some of his firms have extremely high price-to-earnings ratios, per Bloomberg. For example, Adani Green Energy Ltd. and Adani Total Gas Ltd. both have P/E ratios of ~750, while Tesla and Amazon’s are ~100.

And if things continue, Adani could be looking over his shoulder at Musk.

Meanwhile, Bill Gates, number five on the world’s wealthiest list, has pledged to eventually give everything to his charitable foundation, thus removing himself from the list entirely.

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