Forbes lists Gautam Adani as the second richest man in world; overtakes Jeff Bezos of Amazon, Elon Musk remains as sole competitor at top spot

NEW DELHI: Indian business tycoon, Gautam Adani, is now the second richest man in the world, according to Forbes. Adani rode past Bernard Arnault, the co-founder and chairman of LVMH Hennesy – Louis Vuitton, to secure the second position at the Forbes list.

Adani’s position jumped to second position after the value of his holdings hiked by $5 billion. The present value of Gautam Adani is at $155.7 billion and stands only bellow Elon Musk, who has a net worth of $273.5 billion.

Gautam Adani heads the Ahmadabad based Adani Group, which has interests in the development and management of ports in India. Meanwhile, there are news reports which says that Adani Group is eyeing the food business as well.

Reports suggest that Adani is planning to enter the food business through Adani Wilmar Limited, which is a company dealing with food products. The Managing Director and CEO of Adani Wilmar Limited, Ankush Malik, said in an interview that the company is already in the process of acquiring brands dealing in essential food products and its distribution both locally and internationally.