Top 10 list of the world's richest man , net worth of Gautam Adani, wealth of richest people in Asia, world

The list of Richest persons in the world 

 There was a major reshuffle in the rich list; Read Out net worth and wealth of to rich men.

There has been decline and growths in the Richest person in India and Asia

Industrialist Gautam Adani has received a New Year's shock. Adani has fallen to the fourth position in the list of the world's richest people. His net worth fell by $91.2 million to $118 billion on Wednesday, according to the Bloomberg Billionaires Index.

Jeff Bezos, the founder of the American e-commerce giant Amazon, has now overtaken him in the list of rich people. On Wednesday, Bezos' net worth increased by $5.23 billion, taking his net worth to $118 billion in a flash. Bezos's net worth compares to Adani's, though the difference after the decimal is visible is  marginally higher.

Highest Earning Billionaires.

French businessman Bernard Arnault tops the world's richest list with a fortune of $182 billion. This year his net worth has increased by 20 billion dollars. That means they have earned about two billion dollars per day. Tesla, SpaceX and Twitter owner Elon Musk is second on the list with a net worth of $132 billion.

SpaceX and Twitter owner Elon Musk is second on the list with a net worth of $132 billion. His net worth increased by $2.78 billion on Wednesday. Also, his net worth has declined by $4.84 billion so far this year.

Who's who in the list

Take a look:-

In this list, the legendary American investor Warren Buffet is at the fourth position with a wealth of 111 billion dollars. Microsoft founder Bill Gates ($111 billion) is sixth, Larry Ellison ($98 billion) seventh, Mukesh Ambani ($87.6 billion) eighth, Larry Page ($85.6 billion) ninth and Steve Ballmer ($84.6) tenth. Facebook's parent company Meta Platforms CEO Mark Zuckerberg ranks 24th on the list with a net worth of $50.1 billion.

Last year, Adani's total assets increased by $44 billion. He was the highest earning billionaire. But his net worth has fallen by $2.44 billion so far this year.

Gold commodity, Investment in Gold, Gold as asset,

Gold Investment: Right now ? 

Investment in Gold : A solid hedge against volatility and inflation, Know the importance of being an asset.

India is the second largest consumer of gold in the world after China. More than 75 percent of households in India own some form of gold. The compound annual growth rate (CAGR) in gold purchases over the past 50 years has been 14.50 percent. Gold is one of the most sought after commodities in today's global environment.

Gold is considered a hedge against current market volatility and high inflation. April 2022 inflation rate (CPI) was 7.50 percent. Bond yields have fallen on the back of a possible RBI interest rate hike. Due to this, analysts are of the opinion that we are now entering the recession phase of the capital market. Gold is seen as a safe bet in the face of such volatility in the financial markets. Gold rose significantly as investors chose gold as an asset recently on the back of strong global trends and positive investment sentiment. A decline in industrial production in China and a prolonged lockdown are driving up gold prices in India. Also, crude oil prices rose after OPEC members forecast lower demand. Therefore.

As long as people continue to see it as a valuable commodity, the price of gold is likely to remain a good hedge against inflation.

Gold as an investment offers dual benefits of risk-reduction and wealth creation. Even if there is no economic crisis or geopolitical tensions.

Look at the Rising price of Gold in last two years.

Year	Average Closing Price	Year Open	Year High	Year Low	Year Close	Annual % Chan...
2023	$1,860.87	$1,824.16	$1,877.89	$1,824.16	$1,877.89	2.94%
2022	$1,801.87	$1,800.10	$2,043.30	$1,626.65	$1,824.32	‑0.23%
2021	$1,798.89	$1,946.60	$1,954.40	$1,678.00	$1,828.60	‑3.51%