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How Gautam Adani became the world’s fourth richest person while billionaires like Jeff Bezos lost tens of billions
CNBC ^ | SEP 30 2022 | Anuz Thapa

Posted on 10/01/2022 7:09:27 PM PDT by entropy12

The Indian billionaire briefly surpassed Amazon founder Jeff Bezos to become the second-richest person in the world in September, according to Bloomberg. He’s now ranked as the world’s fourth wealthiest person.

Outside Southeast Asia, Adani is hardly a household name. That might be changing now that he’s richer than Microsoft founder Bill Gates and iconic investor Warren Buffett.

“The kind of rise that you have seen is truly phenomenal and probably unprecedented in the world that in such a short time a single individual has been able to acquire assets across industrial sectors and has emerged as one of the largest billionaires in the world,” said Hemindra Hazari, an independent research analyst based in Mumbai, India.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: adani; billionaires; gautam; reddot
Adani is now chair of the Adani Group, one of the three largest industrial conglomerates in India.
1 posted on 10/01/2022 7:09:27 PM PDT by entropy12
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To: entropy12

If you spell his name backwards it comes out as Inagadadavida.


2 posted on 10/01/2022 7:13:03 PM PDT by blueunicorn6 ("A crack shot and a good dancer” )
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To: entropy12
Watch the video above to learn more about how Adani’s political connections may have boosted the success of his many companies.

Oh, I see. He got rich the same way Biden and McConnell and countless other parasites did. Elon Musk to some extent as well.

Well, nothing I can use here.

3 posted on 10/01/2022 7:15:54 PM PDT by pepsi_junkie ("We want no Gestapo or Secret Police. FBI is tending in that direction." - Harry Truman)
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To: pepsi_junkie

I wish I had the skills to make more political connections LOL.


4 posted on 10/01/2022 7:18:03 PM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: entropy12
The kind of rise that you have seen is truly phenomenal and probably unprecedented i

Not unprecedented.
Musk did all that and more in a very short time too.

5 posted on 10/01/2022 7:22:13 PM PDT by SmokingJoe ( )
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To: entropy12

6 posted on 10/01/2022 7:22:50 PM PDT by PGR88
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To: blueunicorn6

That is really funny


7 posted on 10/01/2022 7:26:55 PM PDT by jobim
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To: SmokingJoe

Musk is a talented real enginner. Adani is basically just a wheeler and dealer. But Adani must have talent to judge which industries to acquire.


8 posted on 10/01/2022 7:51:02 PM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: entropy12

Bezos manipulated public opinion and policy using his newspaper as a pandemic profiteer.


9 posted on 10/01/2022 8:01:44 PM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: ifinnegan

And Bezos lost 10s of billions when he got divorced.


10 posted on 10/01/2022 8:23:20 PM PDT by Pete from Shawnee Mission ( )
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To: Pete from Shawnee Mission

“And Bezos lost 10s of billions when he got divorced.”

I have no idea but it’s his wife’s money too so he didn’t lose it.


11 posted on 10/01/2022 9:08:42 PM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: entropy12

Once you have made your first billion dollars, I would think the learned habit of always worrying about having enough money should evaporate.
Just find the right financial planner, then hire a few people to check on that planner every so often.


12 posted on 10/01/2022 10:50:27 PM PDT by lee martell
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To: lee martell
...Just find the right financial planner, then hire a few people to check on that planner every so often...

Down that road lies disaster.

Even for those with lesser fortunes, ordinary people too, learn to handle your own money without a "financial planner".

13 posted on 10/02/2022 12:33:11 AM PDT by CurlyDave
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To: blueunicorn6

https://www.youtube.com/watch?v=UIVe-rZBcm4


14 posted on 10/02/2022 5:47:54 AM PDT by EEGator
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To: ifinnegan

Interesting; Your case is that they were community property state so it was always 50% hers. (Unless she recieved more than 50%...which I do not know).

He certainly lost access to the shared benefits of her billions of $ marital assets. Lawyers and any employee they can manage to add to the billable hours at the $800-$1000/ hour means they both lost money the divorce although not billions.


15 posted on 10/02/2022 7:28:28 AM PDT by Pete from Shawnee Mission ( )
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