Adani’s wealth rose from $8.9 billion to $121.7 billion in 2 years, a jump of nearly 14 times
The chairman of Adani Group is currently the biggest rich not only in India but also in Asia. His wealth has jumped nearly 14 times between 2020 and 2022. The biggest reason behind this is the rising price of the shares of their companies. From rationing your house to coal mine, airport, railway, port to power generation, there are dozens of businesses where Gautam Adani’s coin is running.
Actually Adani’s fortunes started shining from 1981. His elder brother called him to Ahmedabad. According to the BBC, her brother had bought a plastic wrapping company but she was unable to walk. The supply of raw materials to the company was not being done in sufficient quantity. Turning this into an opportunity, Adani started importing plastic granules at Kandla Port and became Adani Enterprises Limited in 1988. It started commodity trading of products like metals, agricultural products and textiles. Within a few years, this company and Adani became big names in this business.
According to Forbes, in the year 2017, Gautam Adani’s net worth was $ 5.8 billion and he was at number 250 in the list of the world’s rich. In 2018, his wealth increased to $ 9.7 billion and with this he reached 154th place. After this, in 2019 it came down to $ 8.7 billion and slipped from 154th place to 167th place in the Forbes list.
Even in the year 2020, there was not much growth, it could only reach $ 8.9 billion. With this there was a slight improvement in his rank and he reached the 155th position. The year 2021 proved to be very big for Gautam Adani. His wealth jumped from $ 8.9 billion, or rather took flight, to $50.5 billion. With this, he jumped 131 places to occupy the 24th place in the Forbes list.
On 15 February 2022, his wealth reached $ 83.6 billion and he reached number 11 in the list of the world’s rich. Exactly two months later, on April 15, Adani’s wealth increased to $ 121.7 billion and has occupied the sixth place in the list of billionaires of the world.
According to Forbes, Adani acquired 74% stake in India’s second busiest Mumbai International Airport in September 2020. Now he is the largest airport operator in the country. Adani wants to become the world’s largest producer of green energy and has said he will invest up to $70 billion on renewable energy projects.
