- Wednesday, March 12, 2025
By: Shubham Ghosh
INDIAN business tycoon has overtaken Microsoft founder Bill Gates to become the fourth richest on the Forbes list after the American entrepreneur said last week that he would donate $20 billion (£16.6 billion) of his wealth to his non-profit organisation — Bill & Melinda Gates.
In a blog, Gates, 66, also said he has plans to eventually give away all his wealth to the foundation, which he had co-founded with his former wife. The couple, who got married in 1994, were divorced last year.
Refusing to say that his donation is a sacrifice, Gates said, “My giving this money is not a sacrifice at all. I feel privileged to be involved in tackling these great challenges, I enjoy the work, and I believe I have an obligation to return my resources to society in ways that have the greatest impact for improving lives. I hope others in positions of great wealth and privilege will step up in this moment too”.
When Gates execute his plan, his hold on the world’s richest list would slip. According to real-time Forbes data, Gates now has a net worth of around $102 billion (84.8 billion).
Adani’s net worth, on the other hand, is reported to be around $114 billion (£94.8 billion). Between 2021 and 2022, his net worth grew from $50 billion (£41.6 billion) to $90 billion (£74.8 billion).
On the Forbes’ list, Elon Musk is the richest person with $230 billion (£191.3 billion) net worth while Bernard Arnault of Louis Vuitton is at the second spot. Amazon boss Jeff Bezos is the third on the list.
