Gautam Adani is now one of world’s top 20 billionaires
Apr 6, 2021
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Indian businessman Gautam Adani has entered the top 20 list of world’s billionaires, as per Forbes.
He runs the Adani Group of industries, which is spread across mines, ports and power plants, airports, data centres and defence.
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Gautam Adani’s net worth is USD 59.9 billion.
He was one of the biggest wealth gainers in India over the last year.
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Adani beat the world’s richest Jeff Bezos and Elon Musk in terms of wealth amassed in 2021.
His wealth has gone from USD 16.2 billion in 2020 to USD 59.9 billion now.
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Adani’s six listed companies have a combined net worth of USD 79 billion.
Credit: Wikimedia Commons
The surge in his wealth has come from the market rally for Adani Group.
Shares of Adani Power, Adani Enterprises, Adani Green, Adani Ports and Special Economic Zone have gone up over 50 percent, last year.
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Adani group has been in the news for its rapid expansion.
The billionaire has established himself as the ‘Port Tycoon’ of India and has acquired over three ports in the recent months.
Credit: Adani Ports
Adani also controls seven airports in India…
...that’s a quarter of India’s air traffic, as per reports.
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But controversies also follow him
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Adani was in a controversy recently for reportedly engaging with the military leadership in Myanmar
However, the group which operates a port in Myanmar said it “condemned violations of fundamental rights of all people".
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