Gautam Adani weeks away from becoming richer than Elon Musk? Here’s how many days it will take at the current rate:- In the last year, Gautam Adani’s net worth increased by $44 billion to $121 billion, while Elon Musk’s wealth fell by $133 billion to $137 billion.
Billionaire Gautam Adani, the world’s third-richest person with a net worth of $121 billion, could be just weeks away from eclipsing Elon Musk from becoming the world’s second-richest if the fortunes of both industrialists continue at the current pace.
Tesla CEO Elon Musk sees a net worth of $137 billion now, up from $340 billion in November 2021. On the other hand, Gautam Adani, crowned ‘Asia’s Busiest Dealmaker’ by Bloomberg, is the only person in the top 10 on the Bloomberg Billionaires Index. Has added to their wealth in the last year. Gautam Adani’s wealth has increased to $ 121 billion in a year.
In the last year, Gautam Adani’s net worth increased by $ 44 billion, while Musk’s wealth fell by $ 133 billion. Suppose Elon Musk’s net worth continues to decline, and Gautam Adani was to continue adding billions to his fortune at the same pace he has over the past 12 months.
In that case, the Indian tycoon will overtake the Twitter boss in five weeks or 35 days. , to become the second richest person in the world. Calculations show that while Musk lost an average of $0.36 billion daily, Adani added $0.12 billion to his fortune daily.
Gautam Adani’s net worth will increase in 2022
The boom in shares of Gautam Adani-led Adani Group of Companies was the main reason for the rise in the billionaire’s net worth last year.
Adani Enterprises, the primary arm of the multinational conglomerate, gained 116% in 2022 to more than double its investors’ wealth.
Meanwhile, Adani Power stock soared 185%, Adani Wilmar over 105%, and Adani Total Gas 91%. Adani Group’s market capitalization grew ninefold in just three years to cross Rs 17.9 lakh crore on 23 December, making it India’s second most valuable company, just behind Tata Group but ahead of Mukesh Ambani’s Reliance Industries.
The rapid growth of Adani Group and its subsidiaries have catapulted Adani to the position of the third richest person in the world.
Elon Musk’s fall from the top of the world’s rich list
Elon Musk’s net worth is set to exceed $300 billion in 2021, thanks to a rise in Tesla share price in the era of the easy-money pandemic.
Tesla’s share price soared and the company’s market cap is set to reach the $1 trillion mark for the first time in October 2021, pushing Tesla ahead of Apple Inc, Microsoft Corp, Amazon.com Inc, and Google parent Alphabet Inc.
There has been a big correction in Tesla’s shares. Tesla’s dominance in electric cars, the foundation of its lofty valuation, is now under threat as competitors catch up.
Meanwhile, as pressure mounts on Tesla, Musk has also been preoccupied with Twitter, which he acquired last year for $44 billion.
Tesla shares are no longer Musk’s most significant asset as shares fell 65% in 2022, according to Bloomberg’s wealth index, and Musk sold so much in 2022 to help cover his Twitter purchase.
Musk’s stake in Space Exploration Technologies Corp., or SpaceX, totals $44.8 billion, more than his roughly $44 billion position in Tesla stock (he still has options for an estimated $27.8 billion).
Musk now owns 42.2% of SpaceX, according to the most recent regulatory filing. With Musk’s net worth falling, Bernard Arnault, a Frenchman whose company LMVH, provides high society with its Louis Vuitton luggage, Christian Dior Couture, Tiffany jewelry, and Dom Perignon champagne, with a net worth of $162 billion. Became the richest person in the world.
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