After briefly flirting with number 2 spot, Gautam Adani at $110 billion is ending the Calendar 2022 being the third richest on this planet, richest in India. Despite the fag-end weakness in Adani group shares, his wealth is up $33.80 billion, or $44.2 per cent this year, as per publicly available data with Bloomberg Billionaire index. He was the only billionaire among the elite group of top 10, whose fortunes rose in a year marked by sharp selloff in equities on fears of global recession.
Besides, Adani’s wealth was one-fifth of India’s $563.50 billion forex reserves (as of December 16).