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To the delight of millions, Tesla CEO <keyword id="6355315" type="General" weightage="80" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> and his mother Maye Musk have shared their memories of the <keyword id="6355354" type="General" weightage="80" keywordseo="taj-mahal" source="Orion">Taj Mahal</keyword>, as people in India seek Tesla cars to come to the country. Maye even shared an interesting anecdote along with pictures about <keyword id="3853762" type="General" weightage="100" keywordseo="elon" source="Orion">Elon</keyword>'s grandparents who flew to the World Heritage Site in Agra on their way to Australia from South Africa in 1954. "In 1954, your grandparents flew to the Taj Mahal from South Africa, on their way to Australia. The only people to ever do this trip in a single-engine propeller plane, without a radio or GPS. Their motto 'Live dangerously'. carefully,'" she tweeted late on Monday. Maye replied to Elon who earlier responded to one of his followers: "It is amazing. I visited in 2007 and also saw the Taj Mahal, which truly is a wonder of the world." Elon's follower had tweeted: "Amazing facade detail of the Red Fort in Agra, India." Maye also shared pictures of her parents, in which her mother, Wyn, can be seen in front of the Taj Mahal. In another picture, Elon's grandfather, Joshua, is seen standing in front of a single-engine propeller plane. A user responded: "Next time you must see the engineering marvel that is the Kailasa temple. That was built before the Mughals taught us engineering, architecture and made us super rich". Another posted: "How about visiting again to set up a factory here?" Some followers even requested Elon to deliver the first Tesla in front of the Taj mahal. Musk has said that he is facing challenges from the government for releasing its products in India. "Tesla isn't in India yet due to "Challenges with the government," he had posted. Musk has said that he wants to launch cars in India, but the country's import duties on EVs are "highest in the world by far". SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/twitter-stock-would-be-37-lower-in-the-absence-of-elon-musks-takeover-bid-and-theres-a-possibility-the-tesla-chief-reprices-the-deal-short-seller-warns/articleshow/91451157.cms">Twitter stock would be 37% lower in the absence of Elon Musk's takeover bid and there's a possibility the Tesla chief reprices the deal, short seller warns</a> <a href="https://www.businessinsider.in/tech/news/russias-space-chief-was-inviting-elon-musk-to-dinner-and-praising-him-6-months-ago-now-theyre-hurling-insults-and-trolling-each-other/articleshow/90238634.cms">Russia space chief's response to Elon Musk's tweet about dying mysteriously is the latest example of their trolling relationship</a>

Elon Musk's mother recalls her parents journey to Taj Mahal from South Africa on a single-engine propeller plane

<ul class="summary-list"><li>Gautam Adani's wealth has fallen by more than a quarter over the first month of 2023.</li><li>The Indian industrialist started the year as the world's third-richest person. He's now in 11th place.</li></ul><a href="https://markets.businessinsider.com/news/stocks/gautam-adani-net-worth-billionaire-world-richest-list-hindenburg-shortseller-2023-1">Gautam Adani</a>'s year hasn't started well.The Indian industrialist's wealth has fallen by more than a quarter over the first month of 2023.At the start of the year, Adani was the world's third-richest person, behind just Bernard Arnault, the CEO of Louis Vuitton and Moët owner LVMH, and Tesla and SpaceX CEO Elon Musk.He had added $42 billion to his fortune in 2022 even as other billionaires like Musk and Amazon founder Jeff Bezos saw their fortunes stutter, and came into the new year worth around $120 billion, according to the <a href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index</a>.But his fortune has since plummeted to $84.4 billion, a drop of $36 billion, Bloomberg's data shows. As of January 31, he is the 11th-richest person on the planet.Adani is founder and chairman of the Adani Group, a multinational conglomerate with <a href="https://www.adani.com/businesses" rel=" nofollow">businesses</a> spanning energy, mining, ports, and airports. It owns <a href="https://www.adaniports.com/Ports-and-Terminals/Mundra-Port" rel=" nofollow">India's largest commercial port</a> and has a <a href="https://timesofindia.indiatimes.com/business/india-business/adani-group-takes-over-mumbai-airport/articleshow/84380085.cms" rel=" nofollow">controlling stake in Mumbai's international airport</a>.A <a href="https://hindenburgresearch.com/adani/" target="_blank" rel="noopener">report by Hindenburg Research</a>, an investment-research firm and short seller, <a href="https://markets.businessinsider.com/news/stocks/gautam-adani-net-worth-billionaire-world-richest-list-hindenburg-shortseller-2023-1">was the catalyst for the downwards spiral of Adani's wealth</a>. In the report, which was published last week and which Hindenburg said took two years to compile, the short-seller accused the Adani Group of a "brazen stock manipulation and accounting fraud scheme."Shares in the group's listed businesses crashed after the report was released, and as most of Adani's wealth is derived from the large stakes he has in these companies, his wealth plummeted.According to <a href="https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/" target="_blank" rel="nofollow noopener nofollow sponsored">Bloomberg</a>, he holds close to 75% stakes in Adani Enterprises, Adani Power, and Adani Transmissions. Share prices for both <a href="https://www.google.com/finance/quote/ADANIENT:NSE?window=1Y">Adani Enterprises</a> and <a href="https://www.google.com/finance/quote/ADANIPOWER:NSE?window=1Y">Adani Power</a> have dropped by around a quarter since the start of January, while <a href="https://www.google.com/finance/quote/ADANITRANS:NSE?window=YTD" target="_blank" rel="noopener">Adani Transmissions'</a> share price has fallen by an even larger amount.The Adani Group has <a href="https://www.adani.com/Newsroom/Media-Release/Media-statement-II-on-a-report-published-by-Hindenburg-Research" target="_blank" rel="noopener">said</a> it is exploring legal action against Hindenburg and released a <a href="https://www.adani.com/-/media/Project/Adani/Invetsors/Adani-Response-to-Hindenburg-January-29-2023" target="_blank" rel="noopener nofollow">413-page report</a> which said that Hindenburg's claims were "nothing but a lie." It called Hindenburg's document a "malicious combination of selective misinformation and concealed facts relating to baseless and discredited allegations.""It is tremendously concerning that the statements of an entity sitting thousands of miles away, with no credibility or ethics has caused serious and unprecedented adverse impact on our investors," the conglomerate added.<a href="https://markets.businessinsider.com/news/stocks/gautam-adani-group-hindenburg-short-seller-systematically-looting-market-news-2023-1">Hindenburg criticized the group's response</a>, saying that it failed to address many of its questions.Adani began 2022 in 14th place on the world rich list. Soaring energy prices and a string of acquisitions, including a port in Israel and a hostile takeover of Indian broadcaster NDTV, boosted his fortune over the course of the year, <a href="https://www.bloomberg.com/news/articles/2022-12-27/how-the-world-s-biggest-wealth-gainer-added-40-billion-in-2022?srnd=ukwealth" target="_blank" rel="noopener">Bloomberg</a> reported.Adani was worth just $10 billion as recently as June 2020, but data from the Bloomberg Billionaires Index shows he hit the $100 billion threshold in April 2022 and his fortune ballooned to $150 billion in September, before falling slightly.His rise in fortune in 2022 was in stark contrast to the downturns experienced by many other members of the business elite. Musk's wealth crashed by nearly $140 billion, Amazon founder Jeff Bezos shed around $85 billion, and Alphabet cofounder Larry Page slumped by roughly $45 billion.Adani is the richest Indian on the Bloomberg list, just ahead of Mukesh Ambani, whose wealth is estimated at $82.2 billion as of January 31. Ambani controls <a href="https://www.ril.com/OurCompany/ProductsAndBrands.aspx" target="_blank" rel="noopener">Reliance Industries</a>, another multinational conglomerate.<h2>From diamond sorter to tycoon</h2>Adani was born in Ahmedabad, in the Indian state of Gujarat, in 1962. He dropped out of university after his second year studying commerce, according to <a href="https://www.siliconindia.com/news/success-stories/gautam-adani-from-a-college-dropout-to-billionaire-industrialist-nid-210122-cid-80.html" rel=" nofollow">Silicon India</a>. He then turned to the diamond industry, first as a sorter and then as a trader in Mumbai, the publication reported.After his brother purchased a plastic company, Adani started working with him and began importing PVC, <a href="https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/?sref=lAVQtUwz" rel=" nofollow">per Bloomberg</a>. In <a href="https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/?sref=lAVQtUwz" rel=" nofollow">1988</a>, he set up Adani Enterprises.The Adani Group comprises seven listed companies with a combined 23,000 staff. As of late December, the companies were worth $166 billion, though that was down from $242 billion in <a href="https://www.adani.com/About-us/One-Vision-One-Team/Gautam-Adani" target="_blank" rel="noopener">August</a>.A <a href="https://www.adani.com/About-us/One-Vision-One-Team/Gautam-Adani" target="_blank" rel="noopener">profile</a> on the Adani Group website says Adani aims to make India a significant player in sustainable energy, and self-reliant in defence and security.Adani said he and a companion were kidnapped in 1998 by a group of armed men. A police report said the kidnappers demanded a $2 million ransom and released the pair after the sum was paid, per <a href="https://indianexpress.com/article/cities/ahmedabad/two-accused-of-abducting-gautam-adani-20-years-ago-acquitted-5473592/" rel=" nofollow">The Indian Express</a>. Eight people accused of the kidnapping were ultimately acquitted, <a href="https://www.timesnownews.com/business-economy/companies/article/throwback-when-indias-fifth-richest-man-survived-a-kidnapping-and-terrorist-attack/606122" rel=" nofollow">Times Now India</a> reported.Adani was dining at the Taj Mahal Palace Hotel during the <a href="https://www.bbc.com/news/world-asia-india-46314555" rel=" nofollow">2008 Mumbai terrorist attacks</a>. He told <a href="https://www.indiatoday.in/latest-headlines/story/gautam-adani-mallika-sarabhai-escape-after-close-encounter-with-death-34159-2008-11-28" rel=" nofollow">India Today</a> that from his table, he could see gunmen entering the hotel and hid in its basement.

Meet Gautam Adani, the Indian industrialist who started 2023 worth almost as much as Elon Musk, but whose wealth has plummeted rapidly

<ul class="summary-list"><li>The company buying Trump's social network <keyword id="12354359" type="UNKNOWN" weightage="60" keywordseo="truth-social" source="Orion">Truth Social</keyword> warned investors about his past business failures.</li><li>In a filing Monday, Digital World noted the <keyword id="11976192" type="UNKNOWN" weightage="60" keywordseo="bankruptcy" source="Orion">bankruptcy</keyword> of Trump Taj Mahal and failure of Trump Vodka.</li></ul>The company buying <keyword id="11914386" type="UNKNOWN" weightage="60" keywordseo="donald-trump" source="Orion">Donald Trump</keyword>'s social network Truth Social has warned investors about the former president's <a href="https://www.businessinsider.com/the-story-of-trumps-business-career-his-taxes-and-his-debt-2020-9?r=US&amp;IR=T">history of bankruptcies</a> and business failures.In a <a href="https://www.sec.gov/Archives/edgar/data/1849635/000119312522150801/d226205ds4.htm">regulatory filing</a> Monday, Digital World Acquisition Corp highlighted the bankruptcies of <a href="https://www.businessinsider.com/how-trump-bankrupted-the-taj-mahal-2017-5?r=US&amp;IR=T">Trump Taj Mahal</a>, Trump Plaza, and Trump Castle, and the failures of Trump University, Trump Vodka, and Trump Steaks, among others.Digital World, a <a href="https://www.businessinsider.com/how-do-spacs-work-get-created-costs-guide">SPAC</a> or "blank-check" firm, is seeking to merge with Trump Media and Technology Group (<keyword id="13958997" type="UNKNOWN" weightage="60" keywordseo="tmtg" source="Orion">TMTG</keyword>), the owner of Truth Social. Trump himself would control between 47% and 58% of the merged company and would serve as its chairman, Monday's filing shows.Digital World said in its filing: "A number of companies that were associated with President Trump have filed for bankruptcy. There can be no assurances that TMTG will not also become bankrupt."It continued: "A number of companies that had license agreements with President Trump have failed. There can be no assurances that TMTG will not also fail."It added: "While all of the foregoing were in different businesses than TMTG, there can be no guarantee that TMTG's performance will exceed the performance of those entities."TMTG did not immediately respond when contacted by Insider for comment.Monday's filing also showed that <a href="https://www.businessinsider.com/donald-trump-possible-twitter-return-ban-post-truth-social-first-2022-5?r=US&amp;IR=T">Trump has agreed to post on Truth Social six hours</a> before making similar posts on other platforms. However, it also stipulated that Trump can post from any platform at any time for "political messaging."<a href="https://www.businessinsider.com/donald-trump-truth-social-app-launch-app-store-apple-twitter-2022-2?r=US&amp;IR=T">Trump launched Truth Social</a> in February as an alternative to mainstream social media platforms, most notably <keyword id="11892744" type="UNKNOWN" weightage="60" keywordseo="twitter" source="Orion">Twitter</keyword>. Truth Social was plagued with <a href="https://www.businessinsider.com/donald-trump-social-media-app-truth-social-outage-minutes-launch-2022-2?r=US&amp;IR=T">technical difficulties</a> upon launch and Trump was <a href="https://www.businessinsider.com/trump-makes-first-truth-social-posts-in-months-writing-covfefe-2022-4?r=US&amp;IR=T">silent on the platform</a> until late April.<a href="https://www.businessinsider.com/twitter-suspended-president-donald-trumps-account-permanently-2021-1?r=US&amp;IR=T">Twitter permanently suspended Trump's account</a> in January 2021 after he <a href="https://www.businessinsider.com/trump-video-statement-capitol-rioters-we-love-you-very-special-2021-1?r=US&amp;IR=T">posted a video</a> telling rioters at the January 6 insurrection: "We love you; you're very special." However, Tesla CEO Elon Musk, who has proposed buying Twitter for $44 billion, has said he would <a href="https://www.businessinsider.com/elon-musk-twitter-donald-trump-ban-amplified-right-wing-experts-2022-5?r=US&amp;IR=T">reinstate Trump's account</a> if the deal completes.Trump told Fox <keyword id="11893589" type="UNKNOWN" weightage="60" keywordseo="news" source="Orion">News</keyword> <a href="https://www.businessinsider.com/trump-wont-return-to-twitter-after-elon-musks-purchase-2022-4?r=US&amp;IR=T">he won't return to Twitter</a> even if his account is reactivated, although advisers close to him told <a href="https://www.washingtonpost.com/technology/2022/04/25/trump-twitter-elon-musk-reinstatement/">The Washington Post</a> they doubted this.TMTG is planning to launch a streaming service called TMTG+ and has posted job ads for producers, <a href="https://www.forbes.com/sites/andymeek/2022/05/13/trumps-media-company-wants-to-build-a-maga-alternative-to-netflix/?sh=406bfa331277">Forbes</a> reported Friday.

The company buying Trump's social network Truth Social warned investors about his history of bankruptcy and failed business ventures

<ul class="summary-list"><li>Asia's richest person, Gautam Adani, passed Jeff Bezos to become the world's second-richest person.</li><li>In February, he became the richest Asian person, and has passed Bill Gates and Bernard Arnault.</li></ul>Jeff Bezos lost his title as world's second-richest person on Friday to Indian industrialist Gautam Adani.Adani's fortune is now worth $146.9 billion, while Bezos's net worth dropped to $145.8 billion today, <a href="https://www.bloomberg.com/news/articles/2022-09-16/jeff-bezos-loses-spot-as-world-s-second-richest-person-to-india-s-gautam-adani?srnd=premium&amp;sref=LspfQlRv&amp;leadSource=uverify%20wall">according to Bloomberg</a>.In February, Adani, the <a href="https://www.adani.com/businesses#TransportationLogistics">founder and chairman of Adani Group</a>, <a href="https://www.businessinsider.com/indias-gautam-adani-asias-richest-person-with-89-billion-2022-2?r=US&amp;IR=T">became Asia's richest person</a>, surpassing fellow Indian businessman Mukesh Ambani. Adani joined the centibillionaire's club when his wealth hit $122 billion <a href="https://www.businessinsider.com/who-is-gautam-adani-100-billion-dollars-indian-industrialist-wealth-2022-4?r=US&amp;IR=T">in April and he passed</a> Warren Buffett and Larry Page. And in recent months, <a href="https://www.bloomberg.com/news/articles/2022-09-16/jeff-bezos-loses-spot-as-world-s-second-richest-person-to-india-s-gautam-adani?srnd=premium&amp;sref=LspfQlRv&amp;leadSource=uverify%20wall">Adani also passed</a> Bill Gates and Bernard Arnault on the billionaires list.<h2>From college dropout to business tycoon</h2>After dropping out of college at Gujarat University where he was studying commerce, Adani became a diamond sorter in Mumbai, <a href="https://www.adani.com/-/media/Project/Adani/Media-Coverage/TheNewBusinessFamilies.pdf?la=en">Business Today reported</a>.He <a href="https://www.businessinsider.com/who-is-gautam-adani-100-billion-dollars-indian-industrialist-wealth-2022-4?r=US&amp;IR=T">managed his brother's</a> plastic company, helping him import PVC, and in 1988 eventually <a href="https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/?sref=lAVQtUwz">established the flagship</a> for Adani Group, Adani Enterprises.Aside from successful business ventures, Adani has survived two dangerous situations.Ten years after Adani Enterprises was established, Adani claimed he and his companion, Shantilal Patel, were <a href="https://www.businessinsider.com/indias-gautam-adani-asias-richest-person-with-89-billion-2022-2?r=US&amp;IR=T">kidnapped by a group</a> of men in 1998. The men were <a href="https://www.businessinsider.com/indias-gautam-adani-asias-richest-person-with-89-billion-2022-2?r=US&amp;IR=T">acquitted in 2005</a> because the case lacked evidence. Times Now India reported that <a href="https://www.timesnownews.com/business-economy/companies/article/throwback-when-indias-fifth-richest-man-survived-a-kidnapping-and-terrorist-attack/606122">another two men</a> were acquitted in 2018 because prosecutors couldn't find a connection between them and Adani's kidnapping.He was also <a href="https://www.businessinsider.com/indias-gautam-adani-asias-richest-person-with-89-billion-2022-2?r=US&amp;IR=T">caught up in</a> the 2008 Mumbai terrorist attacks when militants took over the Taj Mahal Hotel <a href="https://www.businessinsider.com/asias-richest-gautam-adani-kidnapping-mumbai-terrorist-college-dropout-2021-11?r=US&amp;IR=T">where he was</a> dining. <a href="https://www.businessinsider.com/asias-richest-gautam-adani-kidnapping-mumbai-terrorist-college-dropout-2021-11?r=US&amp;IR=T">Adani hid</a> in the hotel basement. Now, Adani owns the <a href="https://www.adaniports.com/Ports-and-Terminals/Mundra-Port">largest commercial port</a> in India, and has a <a href="https://timesofindia.indiatimes.com/business/india-business/adani-group-takes-over-mumbai-airport/articleshow/84380085.cms">majority stake</a> in Mumbai Airport. Adani Group comprises <a href="https://www.adani.com/businesses">seven publicly-traded companies,</a> including Adani Green Energy Ltd and Adani Total Gas Ltd. As of September 16, 2022, Adani Group has <a href="https://www.adani.com/About-us">a market cap of over</a> $258.44 billion.As second-richest person, Adani is only behind Elon Musk, who is worth $264 billion, according to the <a href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index</a>.

Jeff Bezos was just dethroned as the 2nd richest person in the world by Asia's wealthiest individual

<ul class="summary-list"><li><keyword id="12173789" type="UNKNOWN" weightage="60" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword>'s wealth exceeded $100 billion for the first time on April 1, 2022, according to <keyword id="12259015" type="UNKNOWN" weightage="60" keywordseo="bloomberg" source="Orion">Bloomberg</keyword>'s <keyword id="11940268" type="UNKNOWN" weightage="60" keywordseo="billionaires" source="Orion">Billionaires</keyword> Index.</li><li>Adani founded Adani Group, which works across sectors including energy, mining, and port management.</li></ul>Indian industrialist <a href="https://www.businessinsider.com/asias-richest-gautam-adani-kidnapping-mumbai-terrorist-college-dropout-2021-11?r=US&amp;IR=T">Gautam Adani</a>'s wealth has just soared to $122 billion, pushing him past other centibillionaires including Warren Buffett and Larry Page.He's now the fifth richest person in the world.Adani was worth around $10 billion in June 2020, after which his wealth began to soar, data from the <a href="https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/?sref=lAVQtUwz">Bloomberg Billionaires Index</a> shows. He's already added $28 billion so far in 2022, and breached the $100 billion threshold in early April, per Bloomberg's index.Adani is founder and chairman of the Adani Group, a multinational conglomerate with <a href="https://www.adani.com/businesses">businesses</a> spanning energy, mining, port management, and airport operations. Among other things, Adani Group owns <a href="https://www.adaniports.com/Ports-and-Terminals/Mundra-Port">India's largest commercial port</a> and has a <a href="https://timesofindia.indiatimes.com/business/india-business/adani-group-takes-over-mumbai-airport/articleshow/84380085.cms">74% stake in Mumbai's international airport</a>.Bloomberg did not provide an underlying explanation for the increase in Adani's wealth but many of the group's businesses have seen their share prices soar since mid-March. According to <a href="https://www.bloomberg.com/news/articles/2022-04-01/adani-joins-musk-bezos-in-exclusive-100-billion-club?sref=lAVQtUwz">Bloomberg</a>, Adani has focused on areas that are key to meeting Indian Prime Minister Narendra Modi's economic goals.<h2>From diamond sorter to owner of a multinational conglomerate</h2>Adani was born in Ahmedabad, in the Indian state of Gujarat, in 1962. He dropped out of Gujarat University after his second year studying commerce, according to <a href="https://www.siliconindia.com/news/success-stories/gautam-adani-from-a-college-dropout-to-billionaire-industrialist-nid-210122-cid-80.html">Silicon India</a>. He then turned to the diamond industry, first as a sorter and then as a trader in Mumbai, the publication reported.After his brother purchased a plastic company, Adani joined him in the management of the business and started importing PVC, <a href="https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/?sref=lAVQtUwz">per Bloomberg</a>. In <a href="https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/?sref=lAVQtUwz">1988</a>, Adani set up Adani Enterprises.Adani said he and a companion were kidnapped in 1998 after a group of men held them at gunpoint. A police report said the kidnappers demanded a $2 million ransom and released the pair after the ransom was paid, per <a href="https://indianexpress.com/article/cities/ahmedabad/two-accused-of-abducting-gautam-adani-20-years-ago-acquitted-5473592/">The Indian Express</a>. Eight people accused of the kidnapping were ultimately acquitted, <a href="https://www.timesnownews.com/business-economy/companies/article/throwback-when-indias-fifth-richest-man-survived-a-kidnapping-and-terrorist-attack/606122">Times Now India</a> reported.Adani was dining at the Taj Mahal Hotel during the <a href="https://www.bbc.com/news/world-asia-india-46314555">2008 Mumbai terrorist attacks</a>. He told <a href="https://www.indiatoday.in/latest-headlines/story/gautam-adani-mallika-sarabhai-escape-after-close-encounter-with-death-34159-2008-11-28">India Today </a>that from his table, he could see militants entering the hotel. He said he hid in the hotel's basement before moving to a hallway high up in the building.The Adani Group is made up of six publicly-traded companies. It <a href="https://www.adani.com/About-us">says</a> it has a market capitalization of $222 billion and over 23,000 staff.Adani is an executive director of <a href="https://www.bseindia.com/bseplus/AnnualReport/512599/68600512599.pdf">Adani Enterprises</a> and <a href="https://www.bseindia.com/bseplus/AnnualReport/532921/68598532921.pdf">Adani Port and Special Economic Zone</a>, and a non-executive director of Adani Power, Adani Transmissions, Adani Total Gas, and Adani Green Energy.Most of Adani's wealth is derived from the big shareholdings he has in his companies. According to <a href="https://www.bloomberg.com/news/articles/2022-04-01/adani-joins-musk-bezos-in-exclusive-100-billion-club?srnd=wealth&amp;sref=lAVQtUwz">Bloomberg</a>, he holds 75% stakes in each of Adani Enterprises, Adani Power, and Adani Transmissions. Adani Enterprises' <a href="https://www.google.com/finance/quote/ADANIENT:NSE?window=1Y">share price</a> has almost doubled in the last year while Adani Power's has <a href="https://www.google.com/finance/quote/ADANIPOWER:NSE?window=1Y">tripled</a>.The only people richer than Adani are Tesla and SpaceX CEO Elon Musk, Amazon founder Jeff Bezos, LVMH CEO Bernard Arnault, and Microsoft cofounder Bill Gates, according to Bloomberg's index. Musk is worth $253 billion, per Bloomberg – making him nearly $100 billion richer than Bezos, who's in second place.Adani is the richest Indian on the list, ahead of Mukesh Ambani, whose wealth Bloomberg put at around $103 billion. Ambani is the largest shareholder of Reliance Industries, a multinational conglomerate.

Indian industrialist Gautam Adani is now richer than Warren Buffett and Larry Page

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Reuters/Carlo AllegriRepublican presidential nominee Donald Trump arrives at a campaign event at Trump Doral golf course in Miami, Florida, U.S., July 27, 2016.</div></div></div>Republican presidential nominee Donald Trump isn't just a businessman, he's a business, man, and new data <a href="https://medium.com/foursquare-direct/how-the-trump-presidential-campaign-is-affecting-trump-businesses-c343178e3c03#.ybrkxf987">from Foursquare</a> shows that his campaign is taking a toll on his business - specifically, Trump-branded casinos, hotels, and golf courses. Because Foursquare collects so much location data when its users "check in" to locations, it can estimate foot traffic fairly accurately. Foursquare founder Dennis Crowley called its data the company's "<a href="http://www.businessinsider.com/dennis-crowley-foursquare-founder-interview-2016-7">superpower</a>" in an interview with Business Insider. That data suggests that foot traffic to Trump properties has been falling for the past year, and it got worse for Trump in the past six months.In July, for example, foot traffic was down 14% on an annual basis. In June, it was down 17% year-over-year. Summer is peak season for the kind of casinos and resorts that bear the Trump name.<a href="https://medium.com/foursquare-direct/how-the-trump-presidential-campaign-is-affecting-trump-businesses-c343178e3c03#.ybrkxf987">According to Foursquare</a>, the properties that have been hardest hit by a drop in foot traffic are some of his marquee properties: Trump SoHo, the Trump Tower in Chicago, and the Trump Taj Mahal in Atlantic City- <a href="http://www.nbcnews.com/business/business-news/trump-taj-mahal-casino-close-eliminating-3-000-jobs-n622641">which just announced</a> it will be closing in September this year. This data suggests that Trump's supporters might not be the same people who want to spend money on a nice hotel room or casino getaway. From <a href="https://medium.com/foursquare-direct/how-the-trump-presidential-campaign-is-affecting-trump-businesses-c343178e3c03#.ybrkxf987">Foursquare's blog post</a>:Trump's "hotels, casinos, and golf courses are mainly located in reliably "blue" Democratic states, and depend highly on guests and visitors who live in the region ...Breaking out Blue States, the loss in foot traffic runs deeper than the national average. For the past five months, Trump's blue state properties?-?spread between New York, New Jersey, Illinois, and Hawaii?-?have taken a real dip, with diminishing visits starting in March and a widening gap that continues straight through July, when share fell 20% versus July 2015.Foursquare also suggests that much of the drop-off can be attributed to women. "In July, visit share among women to Blue State properties was down 29%," according to the blog post. Trump is currently down in the polls - and the latest national numbers showing Democratic nominee Hillary Clinton <a href="http://www.businessinsider.com/double-digits-hillary-clinton-leads-donald-trump-by-10-points-in-new-fox-news-poll-2016-8">with a 10-point lead</a>. <h2>THE CHARTS: <div class="KonaFilter image-container display-table"><div><div class="image on-image">Foursquare</div></div></div></h2><div class="KonaFilter image-container display-table"><div><div class="image on-image">Foursquare</div></div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/elon-musk-just-unveiled-teslas-top-secret-master-plan-2016-7">Elon Musk just unveiled Tesla's 'top secret' master plan - here are the details</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="BoaTJ2NDE6ewk6Pt7Z8Wx9cnV6tg1bcp" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Trump's presidential campaign is hurting his business - here are the stats

Finance Insider is Business Insider's summary of the top stories of the past 24 hours.Carl Icahn is having a bad day.His firm, Icahn Enterprises, reported a second-quarter <a href="http://www.businessinsider.com/icahn-enterprises-q2-earnings-2016-8">net loss of $69 million on revenue of $4.4 billion</a>. He bet big that the high-yield market was going to crumble, <a href="http://www.businessinsider.com/why-carl-icahn-is-losing-money-2016-8">and it hasn't played out the way he thought</a>.Oh, and he is fleeing Atlantic City after <a href="http://www.businessinsider.com/icahn-out-of-atlantic-city-2016-8">burning $100 million on the Trump Taj Mahal</a>.The Bank of England cut interest rates <a href="http://uk.businessinsider.com/bank-of-england-mark-carney-interest-rate-decision-2016-8">to a historic low of just 0.25% on Thursday, and launched a £70 billion programme of quantitative easing,</a> including an unprecedented £10 billion dedicated to buying investment grade bonds from companies with substantial UK operations. Here's how <a href="http://www.businessinsider.com/market-movements-after-bank-of-england-interest-rate-cut-2016-8">markets reacted to the move</a>. Tesla on Wednesday reported a second-quarter loss that was greater than analysts had forecast, <a href="http://www.businessinsider.com/tesla-reports-second-quarter-earnings-2016-8">as well as revenues that fell short of expectations</a>. Here are the headlines:<ul><li><a href="http://www.businessinsider.com/musk-seeks-new-funding-for-tesla-2016-8">This is the sentence all the Tesla shorts have been waiting for</a>.</li><li><a href="http://www.businessinsider.com/elon-musk-next-tesla-after-model-3-model-y-2016-8">Elon Musk just confirmed the next Tesla coming after the Model 3</a>.</li><li><a href="http://www.businessinsider.com/elon-musk-tesla-and-solar-city-wont-merge-with-spacex-2016-8">Tesla and Solar City won't merge with SpaceX</a>.</li><li><a href="http://www.businessinsider.com/musk-teslas-factory-will-become-an-alien-dreadnought-2016-8">Tesla's factory will become an 'alien dreadnought.'</a></li></ul>Elsewhere, the chain that serves America's best burger <a href="http://www.businessinsider.com/habit-restaurants-second-quarter-earnings-2016-8">thinks consumers are in a bad place right now</a>, and SeaWorld is getting crushed <a href="http://www.businessinsider.com/seaworld-earnings-attendance-drop-2016-8">after reporting a disastrous attendance drop</a>.Rothschild &amp; Co., a European banking dynasty, <a href="http://www.businessinsider.com/rothschild-hires-new-head-of-north-america-2016-8">has made a big move on Wall Street</a>, and tech dealmakers are <a href="http://www.businessinsider.com/tech-mergers-and-acquisitions-revenues-highest-since-2000-2016-8">partying like it's 2000</a>.Two senior bankers share how they compete on Wall Street - <a href="http://www.businessinsider.com/deutsche-bank-jackie-gordon-and-kristen-declark-on-ultramarathons-2016-7">and in the toughest races on earth</a>.Here's everything you need to <a href="http://www.businessinsider.com/us-jobs-report-preview-july-2016-2016-8">know about Friday's jobs report</a>.Finally, this is the best kind of wine to pair with steak, <a href="http://www.businessinsider.com/best-wine-to-pair-with-steak-2016-8">according to a steak master</a>.Here are the top Wall Street headlines at midday:<a href="http://www.businessinsider.com/foursquare-data-shows-trump-candidacy-hurting-business-foot-traffic-2016-8">Trump's presidential campaign is hurting his business - here are the stats</a> - Republican presidential nominee Donald Trump isn't just a businessman, he's a business, man, and new data <a href="https://medium.com/foursquare-direct/how-the-trump-presidential-campaign-is-affecting-trump-businesses-c343178e3c03#.ybrkxf987">from Foursquare</a> shows that his campaign is taking a toll on his business - specifically, Trump-branded casinos, hotels, and golf courses.<a href="http://www.businessinsider.com/stock-market-rally-isnt-built-to-last-2016-8">This stock market rally is going to fall apart</a> - A common refrain around the markets and economy is that expansions don't die of old age. But that doesn't mean they can't still get a bit weary.<a href="http://www.businessinsider.com/two-economists-discuss-the-reasons-behind-the-productivity-slowdown-2016-7">There's been a 'serious and dangerous' slowdown in productivity</a> - When the US gross-domestic-product growth was released last Friday, the numbers were disappointing.<a href="http://www.businessinsider.com/russia-inflation-july-2016-2016-8">Russia's inflation just plunged to its lowest level in over 2 years</a> - The headline inflation figure fell to 7.2% year-over-year in July, down from 7.5% in June, according to the Federal State Statistics Service.<a href="http://www.businessinsider.com/credit-suisse-on-the-challenges-for-blockchain-going-mainstream-2016-8">CREDIT SUISSE: 8 things that stand in the way of blockchain going mainstream</a> - Banks and financial institutions have been going crazy for blockchain technology over the last year and a half.<a href="http://www.businessinsider.com/brexit-germany-politician-cornelia-yzer-writing-london-startups-relocate-berlin-tech-soampli-2016-8">Germany is writing to UK startups to try and persuade them to move to Berlin after Brexit</a> - A German politician is writing to London startups in an attempt to persuade them to relocate to Berlin after the Brexit vote.<a href="http://www.businessinsider.com/inside-aka-hotels-2016-7">These swanky extended-stay apartments near Wall Street are a favorite with celebrities and business travelers</a> - Hotels and Airbnb rentals don't have to be your only accommodation options when traveling for work or for play.

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Elon Musk's mother recalls her parents journey to Taj Mahal from South Africa on a single-engine propeller plane

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Meet Gautam Adani, the Indian industrialist who started 2023 worth almost as much as Elon Musk, but whose wealth has plummeted rapidly

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Jeff Bezos was just dethroned as the 2nd richest person in the world by Asia's wealthiest individual

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Indian industrialist Gautam Adani is now richer than Warren Buffett and Larry Page

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Trump's presidential campaign is hurting his business - here are the stats

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