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  • Indian Business tycoon Gautam Adani about to dethrone Bill Gates in world top Billionaire 4th position.

    According to the Bloomberg Billionaires Index, Gautam Adani has a net worth of $120 billion and is ranked 5th. At the same time, talking about Bill Gates, he is the 4th richest billionaire with a net worth of $ 123 billion.

    Gautam Adani, who recently broke into the top 5 richest billionaires of the world, can anytime overtake Bill Gates in coming days. Indeed, the wealth gap between Adani Group chief Gautam Adani and Microsoft founder Bill Gates has narrowed once again. Let us tell you that the wealth of both the billionaires had become equal in the past.

    How much is wealth difference between Adani and Gates: According to the Bloomberg Billionaire Index, Gautam Adani’s wealth is $ 120 billion and his ranking is 5th. At the same time, talking about Bill Gates, with a net worth of $ 123 billion, he remains the 4th richest billionaire. The important thing is that Gautam Adani’s wealth is increasing for the last few months & the meteoric rise of many of his companies share price in recent months had boosted Adani’s wealth, while Bill Gates’s wealth is decreasing since last year starting with his expensive divorce in the month of May,2021 when his net worth was $148 billion.Further Adani group is an Indian conglomerate and have multiple ventures in numerous sector starting from seaports, cooking oil, staple food,green energy,construction,power & transmission,software,airport operation,etc & its continuously expanding where as bill gates have is mainly into software.

    Talking about the top 3 billionaires, Elon Musk tops the ranking with $247 billion. Apart from this, the wealth of Amazon’s Jeff Bezos is $ 139 billion and he is in second place. Bernard Arnault is in third place. Bernard Arnault’s net worth is $124 billion.Another Indian buisnessman Mukesh Ambani is at 10th position with an estimated net worth of $ 96.4 billion.

    To know the top 500 billionaire on earth please click on the link below

    https://www.bloomberg.com/billionaires/

  • 11 Indian companies in Hurun global 500 list.

    Hurun released its list of 500 most valuable not state controlled companies across the globe on Tuesday. The ranking which is released in association with Chinese luxury tea branch Empereur is based on value. For listed companies it is based on market capitalization & for non listed companies on valuation. Despite the Covid-19 pandemic Hurun global 500 rose by 25 percent. 60 companies amongst the list have doubled in terms of their value with 25 being from the US and 21 from China. The total value of Hurun 500 is equivalent to the combined GDPs of world’s six largest economies viz. the US, China, Japan, Germany, India & the UK, i.e. $50 trillion.

    The top 10 Players

    The US accounted for nearly half of the list with 242 companies followed by China with 51 companies & Japan with 30 companies. From valuation gains perspective China leads with a 73 percent increase by its top companies during the despite being hit by the Pandemic in the very start. The top companies form the list are:

    1. Apple (USD 2.1 trillion)
    2. Microsoft and Amazon (USD 1.6 trillion)
    3. Alphabet (USD 1.2 trillion)

    followed by Facebook, Tencent Holdings, Alibaba, Berkshire Hathway, Tesla and Visa.

    Indian companies amongst the list:

    India’s richest man Mukesh Ambani led Reliance Industries leads among Indian Enterprises with a valuation of USD 168.8 billion and ranks 54 globally. It is followed by Tata Consultancy Services with valuation USD 139 billion & ranking 73rd globally. the other companies being HDFC Bank, Hindustan Lever, Infosys, HDFC ltd, Kotak Mahindra Bank, ICICI Bank, ITC,

    With 11 Indian companies in the Hurun 500 list India ranked 10th in the list as per report. The total value of these 11 companies grew 14 percent to approximately 805 billion or nearly one third of the GDP of India. As per the report the local stock market grew 12 percent despite being hit by the Pandemic which explains the rise in their valuations.

    What is Hurun Report

    Hurun Report is a private company that produces research and reports best known for Hurun Rich List. It is owned by Rupert Hoogewerf, also known by his Chinese name Hu Run who is widely regarded as an influential opinion former in china.