Gautam Adani Is Currently The World’s Fifth-Richest Man; Find Out How Much His Worth
Gautam Adani’s clout has grown again. The Indian business magnate, the chairman of the Adani Group, has surpassed famed investor Warren Buffett to become the world’s fifth-richest person. According to Forbes, Gautam Adani now has a net worth of about $2 billion more than the 91-year-old Wall Street investor, as his riches continued to rise as of Friday’s market hours.
According to the Forbes Real-Time Billionaires List, Gautam Adani and his family have a net worth of $123.7 billion as of early Monday, while Warren Buffet has a fortune of $121.7 billion. This happened just days after Forbes named Adani Asia’s wealthiest person. With a fortune of $130.2 billion, he is currently around $7 billion short of Microsoft co-founder Bill Gates, the fourth richest person on the planet.
According to a survey by Bloomberg Billionaires Index, billionaire businessman Gautam Adani increased his wealth by $43 billion this year alone. According to a Bloomberg article, Adani has also become the world’s greatest gainer. He has leaped five spots, from 10th to fifth, and has amassed enormous money in just one month. Gautam Adani’s fortune grew by moreover $20 billion last month.
Adani, whose empire includes ports, mining, and green energy, is now only $130.2 billion behind Microsoft co-founder Bill Gates, $167.9 billion behind Bernard Arnault, and $170.2 billion behind Amazon CEO Jeff Bezos, $269.7 billion behind Tesla CEO Elon Musk. Gautam Adani is also India’s richest man, with a net worth of $123.7 billion.
Gautam Adani’s Indian enterprises span various industries, from airports to renewable energy. When the government is encouraging green energy in the country, the business magnate has recently focused on the alternative energy industry. Adani Enterprises, Adani Green Energy, and Adani Power are three of the Adani Group’s six publicly traded enterprises in India. “Gautam Adani’s wealth soared roughly five times to $81 billion from $17 billion in 2020 after the listing of the renewable energy firm Adani Green,” according to a Hurun India report published earlier this year.
Adani agreed to pay $220 million for a 100% share in Ocean Sparkle, India’s most prominent marine services company. Gautam Adani had stated earlier this month that the Abu Dhabi-based International Holding Company PJSC would invest $2 billion in Adani Green Power (AGEL), Adani Transmission (ATL), and Adani Industries (AEL) (IHC).
As the stock achieved an all-time high of Rs 270.80 on Monday, Adani Power became the sixth company to reach a market capitalization of Rs 1 lakh crore. The company’s stock price more than doubled in the last month, propelling it into the top 50 most valuable corporations in the country in terms of market capitalization (market cap).