Indian billionaire Gautam Adani is likely to overtake Elon Musk in just a few weeks to become world's second richest man.

Gautam Adani likely to overtake Elon Musk           

                Asia's first, and world's third richest man Gautam Adani, an Indian billionaire tycoon, is likely to overtake Elon Musk to take second spot on the list of world's richest people. Elon Musk, currently world's second richest man, has been facing a continuous decline in his net worth for about a year. Meanwhile, Gautam Adani is adding big bucks to his fortune as his net worth increased by a whopping $44 Billion in 2022. Considering the pace at which Elon Musk's net worth is dropping, and Adani's net worth is increasing, Adani is likely to leave Musk behind in just a few weeks according to Financial Express report.

           Currently, Elon Musk's net worth is around $137 Billion, while Adani has a net worth of $121 Billion. Adani gained a lot during previous year but on the other side, Elon Musk lost around $133 Billion in 2022. This makes Financial Express guess that Adani would surpass Musk in just five weeks (35 days). Now let's see what are the reasons for Adani's success and Musk's downfall recently.

Gautam Adani:

                Gautam Adani is the first person from Asia to rank so high on Bloomberg's wealth index. He is also the highest earning person of 2022 with $44 Billion added to his wealth in this year. The $44 Billion surge in his net worth has put him ahead of Warren Buffett and Bill Gates to hold third spot in richest people list. Financial Express report says, "The Indian tycoon's wealth has surged more than anyone else's in 2022." 

Gautam Adani, the founder of Adani Group

                Gautam Adani is an Indian industrialist who owns numerous companies in India, and across the world. He owns 75% stakes in Adani Enterprises, Adani Transmissions, and Adani Power. He also owns about 65% of Adani Ports & Special Economic Zone, 37% of Adani Total Gas and 61% of Adani Green Energy. Recently, he acquired Swiss cement manufacturer Holcim Ltd, for $10 Billion. He has also announced to invest $70 Billion in Adani Green Energy Limited (AGEL) which has already become world's largest solar energy producer. In this way, Adani is investing most of his money in those businesses that are going to boom in near future.

Elon Musk:

              Elon Musk has recently become first ever person in the history to lose $200 Billion. In November 2021, his net worth was around a whopping $340 Billion, but almost a year later, it is now reduced to $137 Billion.The major reasons behind this are dropping share prices of Tesla, and Elon Musk's Twitter deal. Last month, he lost his status as the world's richest person to Bernard Arnault, the CEO of LVMH. (You can also read a detailed article on that topic by clicking here.)

              Tesla's dominance in the world of electric cars is now in danger as the rivals catch up. Tesla shares fell 65% in 2022 and Musk also sold a lot of shares last year to buy Twitter for $44 Billion. The Twitter deal proved to be a disaster for Tesla company as Elon Musk is reportedly making some senior Tesla engineers work for Twitter. As a result, Tesla company is facing many technical issues and their share prices are dropping. According to some sources, senior members and investors of Tesla are enforcing Musk to step down as the CEO of Twitter as Twitter has apparently diverted Elon Musk's attention from Tesla.

              The drop in Tesla share prices is the main reason why Elon Musk's net worth is decreasing significantly. Hopefully he will take some serious steps in future to save the struggling company.

    

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