“The addition of $55 billion to Adani’s wealth in 2021 outpaced $14.3 billion by Mukesh Ambani.”
Surely you know the name “Gautam Adani,” or Gautam Shantilal Adani. A billionaire businessman from India, Adani founded the Adani Group in 1988 and expanded its businesses into many sectors, including agriculture, defense, and aerospace.
On Wednesday, Gautam Adani made a stunning move to replace Reliance Industries Limited Chairman Mukesh Ambani and became Asia’s richest person. The addition of $55 billion to Adani’s wealth in 2021 outpaced $14.3 billion by Mukesh Ambani.
It has been reported that Adani’s net worth has grown significantly since April 2020. As of March 2020, he had a net worth of USD 4.91 billion, and in the last 20 months, Gautam Adani’s net worth spiked by over 1808 percent. Over the same period, Mukesh Ambani’s net worth grew by 250 percent to USD 54.7 billion.
Currently, according to the reports of the Bloomberg Billionaire Index, the net worth of Gautam Adani is 89.1 billion which is just 0.6 billion less than the net worth of Reliance Industries Limited (RIL) chairman Mukesh Ambani.
Mukesh Ambani’s net worth has taken a slight hit since RIL scrapped its deal with Aramco, a Saudi Arabian gas and oil company based in Dhahran. However, Adani group operates a number of companies, and the resurgence of his companies’ stock prices is the reason that Gautam Adani’s net worth has increased.
“The Indian billionaire also surpassed China’s Zong Shanshan and became Asia’s, second-richest man.”
Gautam Adani had earlier become Asia’s second-richest person, surpassing Chinese billionaire Zong Shanshan. According to the Bloomberg Billionaires Index, Adani Group’s net worth was $66.5 billion, while Zhong Shanshan’s was $65.6 billion. Gautam Adani’s ranking at that time indicated that he had trailed his Indian competitor Mukesh Ambani in terms of wealth owned by an individual.
Adani Group – About
Over the course of two decades, Gautam Adani has built his empire. The Adani Group’s headquarters are in Ahmedabad, Gujarat, India. Today, Adani’s significant assets range from mines, ports, and power plants to airports, data centers, and city gas.
Besides controlling seven airports, the group also maintains a substantial portion of India’s air traffic. In addition, a significant amount of renewable energy capital has also been added by Adani’s organization. Furthermore, a contract for the co-development of a port in Sri Lanka has been signed, and new ports are being bought in India.
‘Growth with Goodness’ – a fundamental principle for sustainable growth – is core to Adani’s success.
