Gautam Adani became the newest member of 'centibillionaire’s club

This month, Bloomberg Billionaires Index reported that Gautam Adani’s net worth had reached $116 billion

Gautam Adani became the only Indian member of an exclusive global group called the centibillionaire’s club. 

What is this 'centibillionaire’s club and who are its members? 

The club refers to people whose net wealth is $100 billion or above. Although Bill Gates did have a net worth of over $100 billion in 1999 for a brief period .

The term centibillionaire did not gain currency until the flamboyant founder of Amazon, Jeff Bezos, increased his wealth to $112 billion in 2017. It is since then that he was referred to as the world’s first centibillionaire. 

After that, the numbers kept increasing. By 2020, when Mark Zuckerberg joined the group, they already had four other members. 

In 2020  centibillionaire’s club members  Tesla’s Elon Musk, Bill Gates, Bezos and Bernard Arnault, the chairman and CEO of luxury goods company LVMH Moët Hennessy – Louis Vuitton SE. 

Today, the club has 10 members, with Musk on top and Bezos next, followed by Arnault, Gates, and Warren Buffett of Berkshire Hathaway. Adani is sixth on the list