Gautam Adani’s net worth has crossed $60 billion – thanks to Adani Ports’ profits

Gautam Adani’s net worth has crossed $60 billion – thanks to Adani Ports’ profits
BCCL
  • As per Forbes real time data on billionaires, Adani’s wealth has now crossed $60 billion.
  • In fact, Adani beat the world’s richest Jeff Bezos and Elon Musk in terms of wealth amassed in 2021.
  • The billionaire runs the conglomerate Adani Group, which has six listed companies with a combined worth of over $80 billion.
Gautam Adani, the second richest man in India, has seen his wealth grow by over 500% in the last year. As per Forbes’ real time data on billionaires, Adani’s wealth has now crossed $60 billion. In fact, Adani beat the world’s richest men Jeff Bezos and Elon Musk in terms of wealth amassed in 2021.

Gautam Adani’s net worth has crossed $60 billion – thanks to Adani Ports’ profits
BI India

TOP VIDEOS FOR YOU
The billionaire runs the conglomerate Adani Group, which has six listed companies with a combined worth of over $80 billion.

The surge in his wealth comes from the market rally in the stocks of his companies in the last few months.
Advertisement

Here’s how the share price of the listed entities of the Adani group have grown in the last six months (since October, 2020).

CompanyShare price jump since Oct, 2020
Adani Ports and Special Economic Zone118.1%
Adani Enterprises323%
Adani Gas584.4%
Adani Power159.4%
Adani Transmission377.3%
Adani Green Energy47.4%

2020 turned out to be a great year for Adani with most of his businesses witnessing their profits go up.

Advertisement

Gautam Adani’s net worth has crossed $60 billion – thanks to Adani Ports’ profits
BI India

Adani’s ports business has been one of the most successful ventures, which has also seen rapid expansion in the last year. With the acquisition of several new ports in the country, the Adani subsidiary company saw its market share in container volumes go up from 5% to 41% in the last financial year. Overall, the company has a market share of 25%, witnessing a growth of 4% in FY21.

{{}}