Once the 4th richest person in the world.

According to Forbes, as of November 9th, Gautam Adani is the second richest billionaire in India and the 23rd richest in the world with a net worth of $52.2 billion. He is the founder and chairman of the Adani Group, a multinational corporation specializing in the construction of highways, airports, and other infrastructure in India.

In the latter half of 2022, Gautam Adani was the richest man in India and the fourth richest in the world, with a net worth of nearly $150 billion. However, in early February 2023, Adani's fortune evaporated by $80-90 billion when his conglomerate faced allegations of fraud and stock manipulation stemming from a report by Hindenburg.

Recently, on his Twitter account, Indian billionaire Gautam Shantilal Adani shared about his meeting with Vingroup Chairman Pham Nhat Vuong , discussing potential business opportunities between India and Vietnam.

The majority of billionaire Adani's wealth has been accumulated in the last two years as his conglomerate has focused on the energy and infrastructure sectors. Rising coal prices have significantly benefited his business.

Recently, Gautam Adani has focused on the renewable energy sector, committing to investing $70 billion in green energy.

This direction overlaps quite a bit with the ambitions of Mr. Pham Nhat Vuong.

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Indian billionaire Gautam Shantilal Adani shared details about his meeting with Vingroup Chairman Pham Nhat Vuong. (Photo: Adani X's account)

Another noteworthy point is that, at the time Forbes was still calculating Pham Nhat Vuong's net worth based on fluctuations in VinFast's stock price and its peak, the assets of the two billionaires from Vietnam and India were roughly equal.

Specifically, as of the end of the trading session on August 25th in the US (early morning of August 26th in Vietnam time), according to Forbes, Mr. Pham Nhat Vuong had a total net worth of $55.8 billion, ranking 23rd in the world, 3rd in Asia, and 1st in Southeast Asia. At that time, Indian billionaire Gautam Adani recorded a net worth of $55.2 billion.

Thus, in the trading session on August 25th, billionaire Pham Nhat Vuong surpassed billionaire Gautam Adani to become the third richest person in Asia, only behind Indian oil and retail tycoon Mukesh Ambani (who had $95.9 billion as of August 25th) and billionaire Zhong Shanshan, owner of China's largest beverage company Nongfu Spring (who had $60.3 billion).

There were times when billionaire Pham Nhat Vuong, according to Forbes, ranked second richest in Asia, behind only Indian billionaire Mukesh Ambani and ahead of both Gautam Adani and China's richest man, Zhong Shanshan.

However, Pham Nhat Vuong's name is currently not on Bloomberg's list of the world's 500 billionaires.

According to Forbes' real-time billionaire rankings displayed on the morning of September 1st (Vietnam time), Mr. Pham Nhat Vuong has a total net worth of $6 billion - ranking 445th in the world. As of November 9th, according to Forbes, Mr. Vuong's net worth was $4.7 billion.

Green Ambition

Like many other billionaires, Adani (61 years old) has ventured into numerous business fields, from diamond trading and plastics manufacturing to import and export, port and airport development and operation, and coal trading.

Billionaire Adani's conglomerate is currently India's largest coal trader and the second-largest coal producer in the country.

Vietnamnet.vn