BusinessTop News

World’s 3rd Richest Person Adani’s Wealth Surged Over 13 Times In 2.5 Years

Mumbai: Adani Group Chairman Gautam Adani on Tuesday became the world’s third richest person with a net worth of $137 billion. While his wealth stood at $10 billion on January 1, 2020, it surged by over $60 billion in 2022 alone and jumped more than thirteen times in over two and half years.

From $10 billion in January 2020 to $137 billion (about Rs 11 lakh crore) now, Adani’s wealth grew manifold to become the richest Asian and then in February this year surpassed RIL Mukesh Ambani as the world’s richest man.  On 30 August, the chairman of Adani Group overtook Louis Vuitton chairman and CEO Bernard Arnault to become the first Asian to enter the top 3 of the Bloomberg Billionaires Index.

Presently, just two Indian organizations are esteemed more than Adani’s fortune – Reliance Industries (RIL) and Tata Consultancy Services (TCS). While RIL has a market capitalisation of Rs 17.7 lakh crore, TCS is esteemed at Rs 11. 8 lakh crore, a smidgen over Adani’s total assets of Rs 11 lakh crore.

In September 2021, Hurun India Rich List noticed that Adani was the main Indian to assemble not one, however, five Rs 1 lakh crore ($13 billion) organizations in market esteem. Additionally, the industrialist added the most abundance in 2021, about $49 billion, at the pace of Rs 6,000 crore each week, as per the rundown.

The Adani bunch has a joined market cap of somewhat more than $250 billion (or about Rs 20 lakh crore) presently yet it also had an unassuming start. Adani laid out Adani Enterprises (then Adani Exports) in 1988 and pointed toward beginning a product exchanging business. He then entered the commodity import business with Mundra port.

It turned into the greatest coal exchanging organization in the nation and one of India’s biggest unfamiliar trade workers soon.

From that point forward, the gathering has made introductions to a few new organizations, through green field undertakings, acquisitions and joint endeavours. Presently, the Adani Group includes 7 public corporations – Adani Enterprises, Adani Green Energy, Adani Ports and SEZ, Adani Transmission, Adani Total Gas, Adani Power, and Adani Wilmar.

A portion of these organizations has zoomed north of 1,000 per cent over the most recent two years as the gathering moved more towards efficient power energy and foundation. Portions of Adani Green and Adani Total Gas have soared more than 1,000 per cent beginning around 2020.

Adani Enterprises also has progressed north of 1,400 per cent beginning around 2020 and Adani Transmission got around 1,000 per cent. Adani Ports has seen a 120 ascent during a similar period.

Follow us on Twitter, Google News and Instagram, and like us on Facebook for the latest updates and exciting stories. 

Show More
Back to top button