As the 4th Richest Person, Gautam Adani replaces Bill Gates

He overtook Bill Gates, the co-founder of Microsoft, to become the fourth richest person in the world.

Gautam Shantilal Adani is an Indian billionaire industrialist and philanthropist. According to the Forbes real-time billionaires list, the businessman's total wealth was $104.6 billion.

On July 19, 2022, Gautam Adani, the head of the Adani Group, overcame Bill Gates to become the fourth richest person in the world, according to estimates.

The Indian entrepreneur outperformed Gates, whose net worth is estimated to be $104.6 billion by Forbes' Real-Time Billionaires List.

With a total net worth of $115.4 billion, Adani ranked fourth on Forbes' rich list. Compared to Gates, whose wealth is $104.2 billion, this is nearly $11 billion more.

With Mukesh Ambani, the chairman of Reliance Industries, dropping to the 10th spot in the list of the world's richest people, he is now also the richest Asian.

The business tycoon is now only trailing three people: Elon Musk, the CEO of Tesla, who continues to hold the top spot with a total net worth of $234.4 billion;

Bernard Arnault, the CEO of Louis Vuitton, who is in second place with $155.7 billion; and Jeff Bezos, the founder of Amazon, who is in third place with $143.9 billion.

A division of Adani's parent company, Adani Enterprise Ltd, has also submitted an application to take part in the July 26 5G spectrum auction.

Best Upcoming IPO in July 2022: Simply monitor the Best Upcoming IPOs in July 2022 to keep an eye on the major market activity and company initiatives.