Indian Billionaire Gautam Adani Becomes The Second Richest Man In The World
According to the latest reports, Indian Billionaire Gautam Adani has become the second richest person in the world, overtaking Bernard Arnault and family. He is the first Indian to reach this position. He now stands at the second position on the Forbes Real Time Billionaires List.
The Chairman of Adani Groups beats Amazon founder Jeff Bezos as well as Bernard Arnault, the famous French Tycoon, to reach his current position.
Adani added 5.2 billion dollars USD to his net worth, according to Forbes reports. This makes his net worth a total of around 155 billion dollars USD. In Indian money, his net worth is around twelve lakh crore (₹12 lakh crore).
Adani’s sudden jump to become the second richest person on the earth means that he is now only behind Elon Musk, the founder and owner of Tesla and SpaceX. Musk’s net worth is currently at 273.5 billion dollars USD.
The other Indian Billionaire who is on the list of the World’s Billionaires is Mukesh Ambani with a net worth of 92.1 billion dollars USD.
Read More:
Tags:
Recent
How Do You Choose the Best B2B Franchise Opportunity?
October, 10 2024
Understanding Supply and Demand: The Dynamics of Copper Trading
October, 10 2024
Tribological Properties Of Tungsten Disulfide (WS2)
October, 10 2024
Innovating Corporate Communication in Auckland with Video Production
October, 10 2024
Related Articles
Uber Forecasts Quarterly Operating Profit Above Estimates On Ride-Hailing Demand
Uber Technologies forecasted Quarterly operating profit above the estimates on the rising demand for UBER cabs in the world market. Analyst estimates $9.23 billion in the second quarter but the revenue hikes to $9.33 billion. The EBITDA rose to a record hike of 2.7% in bookings this year. You need to know the facts perfectly this year to understand it better. You have to go through the complete details of it why such things happened in the second quarter of Uber Technologies. Now, the analyst is getting insights into the record hike of Uber, but they need to get complete insights into why such profit margins of Uber have risen. You need to get through the process to have better insights into it. Reasons For The Hike In Profitability Of UBER In 2023 There are several reasons for the hike in the profitability of UBER in 2023. You need to get through the process to have better insights into it. You should not choose the wrong direction while achieving your aims ultimately. The growing demand is due to the strong leisure travel trends and the gradual returns for office work. The lower transaction cost is another vital reason for this quarter's growing demand for UBER rides. UBER's competitors are raising the freights' prices, and this low-cost market penetration strategy of UBER makes it gain more rides from the market. Hence, UBER is also reformatting its pricing and ride strategy to gain more from the market in the next quarter. You have to get through the process to understand it better. You have to identify the best strategy that can boost the scope of the brand development to the next level. You need to dig deep into the exact reasons for such a price hike of UBER in the second quarter. Read Also: J&J Effort To Resolve Talc Lawsuits In Bankruptcy Fails A Second Time After Judge Tosses Suit Boeing Loses USD 149 Million In Q2 As The Plane Maker Is Pushing Ahead With Production Increases Automaker Tesla Is Opening More Showrooms On Tribal Lands To Avoid State Laws Barring Direct Sales
August, 08 2023
Why Apple Stock Is Doing Better than Amazon, Meta, Other Tech Stocks?
Do you want to know the core reason for the hike in stock prices of Apple than its competitors? If yes, then there are an infinite number of reasons behind it. Apple is combating the US and European inflation effectively. When the prices of Apple are falling by 24%, the prices of Meta and Amazon are falling by 64% and Amazon 47%, respectively. Apple's performance will renounce with an immense profit in the upcoming quarters as well as outsmarting its competitors easily. You have to go through the process that can assist you in attaining your needs with complete clarity. Why Apple Stock Is Doing Better In 2023 There are several reasons for the rise of Apple stock prices in 2023. You must go through the news completely to understand it better. You must avoid making errors when judging the exact reasons for the rise in Apple prices. Apple's performance declined at the time of European Inflation by 24%, far less than its competing tech giants. After this quarter, Apple’s product prices and demand have increased tremendously. Apple’s Market value churns out to be $1.2 trillion of its market value. And in the past five years, it has generated $454 billion in cash. You must know about this fact while meeting your requirements with complete clarity. Hence, these are the primary reasons behind the success of Apple's stock price growth in the last year. You need to get through the best solution to help you meet your requirements completely. You must ensure that the scope of errors is as low as possible. Apple prices will increase in the upcoming years as well. You need to take care of these facts while fully satisfying your needs. You should make your choices ideally while attaining your requirements with complete ease. Read More: Goldman Sachs Recommends 5 Stocks To Buy As It Updates About AI’s Role In The Music Industry What You Should Consider Before Investing In Healthcare Company Stocks? Can You Buy And Sell The Same Stock Repeatedly?
July, 07 2023
International Flights Likely To Get Cheaper As India Signs Pact With 116 Countries
The Government of India has signed a bilateral pack regarding air service with several countries. The airfare pact is made to improve connectivity with other countries worldwide. Due to the agreement, the foreign carriers are now ready to add more flights to the metropolitan cities of the country. On August 1, Monday, the Minister of State for Civil Aviation Gen VK Singh (Retd.) informed the Indian Parliament that “India has signed bilateral Air Services Agreement (ASA) with 116 foreign countries.” The Minister Of State For Civil Aviation added: “Any designated foreign airline can operate to/from a point in India if it is designated as a point of call in the bilateral Air Services Agreement (ASA) signed between India and the country which has designated the airline.” In response to such a move by the Government, the Director of Group Business Development, STIC Travel Group, Anju Wariah, said: “It is good to have bilateral air service agreements with countries to increase seat capacity and have an open sky policy for foreign carriers as it will benefit passengers.” On being questioned about why the Government has not granted the same benefit to the non-metropolitan counties, Minister VK Singh mentioned the imbalance in the amount of point of call. This is why India is not granting a new point of call regarding foreign carriers to non-metropolitan cities. https://twitter.com/travelobiz/status/1555029729295613952?s=20&t=Gs9HsGdD_q7e7_VhRkPrJA Some countries with which India has signed the ASA include countries in Europe, South America, and the Middle East. Read More: Top 20 Richest Person In The WorldReasons To Believe That Leaders Are Made Not BornTop 9 Successful Serial Entrepreneur Of All Time – 2022 Updates
August, 08 2022
‘A Devastating Financial Blow’: McDonald’s Franchisee Group Slams California’s Harsh Fast Food Bill
The National Owners Association (NOA), a collective representing over 1,000 McDonald's franchise proprietors, has vehemently criticized California's groundbreaking fast-food legislation, dubbing it "draconian" in its regulations. The Fast Food Franchisor Responsibility Act or AB 1228 –the new legislation – was passed back on September 14 by the California Senate. The bill is poised to introduce fresh standards encompassing wages, working hours, and various aspects tied to the well-being and safety of fast-food restaurant employees. However, the NOA has expressed deep reservations, contending that the law would entail costs that "simply cannot be absorbed by the current business model." According to their assertion, 95% of California-based McDonald's restaurants are run by local owners and small business operators. They might grapple with meeting the recent mandates. In a memo obtained by FOX Business, the NOA remarked, "The new AB 1228 legislation has been voted into law and will result in a devastating financial blow to California McDonald's franchisees at a projected annual cost of $250,000 per McDonald's restaurant." What exactly does this legislation entail? AB 1228 applies to fast-food chains boasting at least 60 nationwide locations, except those producing and selling their bread. A pivotal change ushered in by this bill is a minimum wage escalation to $20, effective April 1, 2024, a sum almost $5 higher than California's prevailing minimum wage of $15.50. Additionally, it entails the formation of a 10-member council tasked with overseeing fast-food chains and establishing guidelines concerning wages and labor conditions. McDonald's purportedly characterized this counsel as "significantly limited" in an internal message disclosed to FOX Business. One noteworthy implication of AB 1228 for McDonald's restaurant proprietors is that it would render them legally responsible for local employment determinations. This development critics fear could spawn "frivolous lawsuits against franchisees," potentially compelling corporate headquarters to exert greater control over local operations. As the NOA pointed out when the bill was initially proposed in July, "These lawsuits would lead to higher food costs for consumers and unsustainably higher operating costs that would result in the shutdown of locally owned restaurants and the loss of local jobs." In the long term, franchisees might find themselves relegated to middle managers under the corporation's purview rather than the independent business owners they currently are, possibly facing the non-renewal of their licenses. Read Also: Apple And Google Are ‘Choke Points’ To Equitable Payment System: CFPB’s Chopra Apple’s iPhone 15 Will Use USB-C, And Changing Over Is Going To Be Annoying Alibaba Shares Slide 4% After Former CEO Quits Cloud Unit
September, 09 2023