Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk, whose internet price has immensely benefited from the inexperienced power pattern, faces stiff competitors from Indian billionaire Gautam Adani.

What Occurred: A fast rise within the shares of corporations managed by Adani has catapulted the tycoon to the spot of Asia’s second-richest individual behind compatriot Mukesh Ambani. Adani is the chairman and founding father of the power-to-ports conglomerate Adani Group.

In keeping with the Bloomberg Billionaires Index, Adani is now the 14th richest individual with a internet price of $73.1 billion, simply two locations behind compatriot Ambani who has a internet price of $86.5 billion. Musk, with a internet price of $171 billion, stands third on the listing.

Adani has added document wealth this yr, subsequent solely to LVMH Moet Hennessy Louis Vuitton SA (OTC: LVMUY) CEO Bernard Arnault. That is regardless of a current rout in shares of his corporations fueled by