2021; Gautam Adani has amassed more wealth than the world's billionaires

2021; Gautam Adani has amassed more wealth than the world’s billionaires


Highlight:

  • Gautam Adani has more assets than the world’s billionaires this year
  • Huge growth in asset value
  • Some Adani Group businesses have grown by more than 90 per cent

Indian businessman Gautam Adani has surpassed the world’s billionaires in record wealth. The head of the Adani Group has amassed more wealth this year than any of the world’s biggest billionaires. Investors’ interest in the business empire, which stretches from ports to power plants, is behind the sudden rise in wealth.

Gautam Adani’s net worth is projected to grow to $ 1.62 billion by 2021. Total assets are over $ 5,000 billion. This is according to the Bloomberg Billionaires List. Gautam Adani has more assets in the New Year than Amazon founder Jeff Bezos and world billionaire Ellen Musk. All but one of Adani Group’s shares have risen more than 50 percent this year.

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Some Adani Group companies have grown by more than 90 per cent this year. Gautam Adani is a self-made billionaire. Investment in the company is behind the growth of wealth. The group was invested in by foreign firms such as petroleum refining company Total SE and US equity firm Warburg Pincus.

Adani is expanding its port business in India, including airports, data centers and coal mines. Adani Total Gas Ltd. has grown by 96% this year. Adani Enterprises advanced 90 percent. Adani Transmission Ltd. grew its business by 79%. Adani Power Ltd., Adani Ports and Special Economic Zones Ltd. gained more than 52% this year. Adani Green Energy Ltd. was up more than 500 per cent last year.

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