Gautam Adani’s net worth has grown exponentially in recent years thanks to his vast empire of businesses:
The race to become the world’s richest person is still open.
According to Forbes Real-time Billionaires List, Adani Group chairman, Gautam Adani is on track to become the second richest person in the world, with only $1 billion left to overtake Jeff Bezos and French luxury retail king Bernard Arnault. Jeff Bezos lost his title as the world’s second-richest person on Friday to Indian industrialist Gautam Adani.
Adani’s wealth is estimated to be worth around $155.7 billion. Adani is now only behind Tesla chief Elon Musk, who holds the world’s richest man tag with a net worth of $264 billion, according to the real-time data of the Bloomberg Billionaires Index on Saturday.
The Indian business tycoon has seen his net worth grow exponentially in recent years, thanks to his vast empire of businesses spanning numerous industries. From coal to ports, Adani has his fingers in many pies, and it seems that his gamble is paying off big time. If he continues this trajectory, it won’t be long before he’s giving Bezos a run for his money.
Adani’s businesses are varied and vast, but they all have one thing in common: they’re all doing very well. The coal industry has been booming in recent years, and Adani’s company, Adani Power, is one of the leading players. The port business is also going strong, with the Adani Group owning and operating several major ports in India.
And then there’s Amazon, which Adani has invested in heavily. Thanks to Amazon’s continued success, Adani’s net worth has grown by leaps and bounds. There’s no doubt that Adani is a savvy businessman, and he’s not afraid to take risks. His gamble on the coal industry has paid off big time, and his investments in Amazon are also paying dividends. With a net worth of $50 billion, Adani is currently the fifth richest person in the world. If he continues on his current trajectory, it won’t be long before he’s the richest man in the world.
What factors have contributed to Adani’s success?
There are a number of reasons why Adani has been so successful. Firstly, he is a shrewd businessman with a keen eye for opportunity. He has also been very fortunate to have had the right contacts and relationships in the right places. Additionally, he has a deep understanding of India’s business landscape and knows how to work within its unique cultural context. Finally, he is not afraid to take risks and is always willing to gamble on new ventures. All these factors have come together to make Adani one of the richest and most powerful men in the world.
Adani Group is the integration of Adani Enterprises, Adani Green Energy, Adani Ports & SEZ, Adani Transmission, Adani Total Gas, Adani Power, and Adani Wilmar.
During the day, Adani’s wealth had shot up to $155.7 billion but as most of the group’s stocks ended in the red, he slipped back to the third position with a net worth of $152.6 billion.
Adani’s fortune stood at $152.2 billion, behind Musk’s $273.2 billion and French business tycoon Bernard Arnault’s $154.7 billion. Bezos has been pushed to fourth position with a networth of $146.9 billion.
With a market capitalisation of Rs 20. 74 lakh crore (about $260 billion), Adani Group emerged as the most valued business house in India on Friday, moving slightly ahead of Tatas (Rs 20. 7 lakh crore). The Gautam Adani-led ports-to-cement group has seen a meteoric rise in its businesses and stock market valuation over the past few years.
During the calendar year, Adani’s wealth has jumped by around $72.4 billion. In the list of top 10 billionaires, Adani and Ambani are the only two richest men whose wealth has gone up in 2022. For more blogs click here.