Gautam Adani tops as the world’s biggest gainer of 2022

Billionaire Gautam Adani is ending the year as not only the world's third richest person but also the top gainer by making more billions than anyone else on the planet in 2022.

Surging rally in Adani Group stocks have given fabulous returns to investors this year with four out of seven stocks of the giant giving multibagger returns going up to 200%. In the last one year, the group's total market cap has also nearly doubled to Rs 18.6 lakh crore in mid-December as compared to Rs 9.6 lakh crore in 2021, according to an official communication from Adani Group of companies.

The Bloomberg Billionaires Index, which ranks the world's 500 richest people, shows that Adani became richer by $47 billion in 2022. At the bottom of the list is Tesla CEO Elon Musk who, despite being richer than Adani and world's No. 2, lost $114 billion this year.With his net worth estimated at $124 billion, Gautam Adani, the 60-year-old Ahmedabad-based industrialist, is behind Musk ($156 bn) and French luxury retail king Bernard Arnault ($163 bn) in the rich list.