Gautam Adani is now the second richest in the world as Indian stocks brave the global sell-off

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Gautam Adani listed as the second richest person in the world on UKTN

Billionaire Gautam Adani became the world’s second richest person on the Real-Time Billionaires List compiled by UKTN on Monday, after Indian stocks braved a broad sell-off of global risk assets on Monday.

On Monday, Indian stocks recovered from last week’s market chaos and were higher in a volatile session, fluctuating between gains and losses, defying broad global risk-out sentiment.

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World stocks were tense and in the background awaiting the looming and widest rate hikes from the major central banks to take place this week.

Adani’s net worth rose $2.1 billion on Tuesday to $154.1 billion today, surpassing Louis Vitton’s Bernard Arnault, whose net worth fell $2.6 billion to $152.6 billion, according to UKTN.

On Friday, Gautam Adani had briefly caught up with Bernard Arnault, but a domestic equity carnage pushed him into third place ahead of Amazon founder Jeff Bezos.

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