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<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Billionaire Indian businessman Gautam Adani has entered the exclusive centibillionaire’s club after his net worth reached $100 billion.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Adani is the only Indian on this exclusive list. The latest wealth report was published by Bloomberg Billionaire’s Index.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Details</strong></span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Centibillionaire is term that is used to refer to individuals whose net worth is $100 billion or more.</span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The term gained traction after Amazon founder Jeff Bezos increased his wealth to $112 billion in 2017. Even though Bill Gates had already achieved the feat in 1999, the term was not used.</span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The list kept increasing and after Facebook founder Mark Zukerberg joined the list in 2020, it stood at four.</span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Apart from Jeff Bezos and Mark Zukerberg, the members of the list are SpaceX founder Elon Musk, the CEO of LVMH Bernard Arnault, and Warren Buffett of Berkshire Hathaway.</span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The list today has 10 members. Adani is at the tenth position on the list. He is behind Oracle’s Larry Ellison by $3 billion.</span></span></p>
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<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Adani Group</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Adani Group has interests ranging from ports, Green Energy, mining, infrastructure etc. He is the biggest gainer in the Bloomberg Billionaire’s index this year.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Majority of Adani’s wealth was accumulated in the past two years due to a shift to green energy and infrastructure. This landed him investments from companies including France’s Total SE and Warburg Pincus.</span></span></p>
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<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Volatility</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The Centibillionaire’s list is volatile to changing situation. It is dependent on market capitalization and share value of their stocks.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Bloomberg Billionaire’s Index</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Bloomberg Billionaire’s Index is the daily tracking of the world’s 500 richest people. However, it excludes the company’s own founder Michael Bloomberg.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">The ranking was formulated to provide a transparent and accountable presentation of the world’s richest people.</span></span></p>
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'title' => 'Centibillionaire’s club',
'description' => '<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Issue</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Billionaire Indian businessman Gautam Adani has entered the exclusive centibillionaire’s club after his net worth reached $100 billion.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Adani is the only Indian on this exclusive list. The latest wealth report was published by Bloomberg Billionaire’s Index.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Details</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Centibillionaire is term that is used to refer to individuals whose net worth is $100 billion or more.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The term gained traction after Amazon founder Jeff Bezos increased his wealth to $112 billion in 2017. Even though Bill Gates had already achieved the feat in 1999, the term was not used.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The list kept increasing and after Facebook founder Mark Zukerberg joined the list in 2020, it stood at four.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Apart from Jeff Bezos and Mark Zukerberg, the members of the list are SpaceX founder Elon Musk, the CEO of LVMH Bernard Arnault, and Warren Buffett of Berkshire Hathaway.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The list today has 10 members. Adani is at the tenth position on the list. He is behind Oracle’s Larry Ellison by $3 billion.</span></span></p>
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<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Adani Group</strong></span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Adani Group has interests ranging from ports, Green Energy, mining, infrastructure etc. He is the biggest gainer in the Bloomberg Billionaire’s index this year.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Majority of Adani’s wealth was accumulated in the past two years due to a shift to green energy and infrastructure. This landed him investments from companies including France’s Total SE and Warburg Pincus.</span></span></p>
</li>
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<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Volatility</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The Centibillionaire’s list is volatile to changing situation. It is dependent on market capitalization and share value of their stocks.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong>Bloomberg Billionaire’s Index</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Bloomberg Billionaire’s Index is the daily tracking of the world’s 500 richest people. However, it excludes the company’s own founder Michael Bloomberg.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">The ranking was formulated to provide a transparent and accountable presentation of the world’s richest people.</span></span></p>
</li>
</ul>
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