Gautam Adani has added $16.2 billion, taking his total net worth to $50 billion.
Adani Group Chairman Gautam Adani has achieved a remarkable milestone amid the COVID-19 pandemic, as he added the highest wealth to his fortune in the world, as per the latest Bloomberg billionaires Index.
The Bloomberg billionaires Index showed that so far in 2021, Adani has added $16.2 billion, taking his total net worth to $50 billion. With this surge in his wealth, Adani is now the 26th richest person in the world.
He even beat two of the world's richest individuals, Jeff Bezos and Elon Musk, in terms of wealth generation this year. While Musk has added $10.3 billion to his net worth so far, Bezos has seen a downturn of 7.59 billion.
Gautam Adani with his family.
The development comes at a time when the Adani Group is rapidly expanding its footprint in diversified sectors, including airports business and data centres. Recently, Adani Ports and Special Economic Zone Limited announced that Windy Lakeside Investment Ltd, a unit of Warburg Pincus, will invest Rs800 crore for a 0.49 per cent stake in the company.
Shares of several Adani companies have surged over the past one year amid the pandemic, adding to its chairman's wealth. Adani Enterprises' shares have increased over four-fold in the past one year and the stock price of Adani Ports and Special Economic Zone has more than doubled during the period.
Google Co-founder Larry Page is ranked second in terms of highest gain in wealth with a growth of $14.3 billion.
Amazon Inc Founder Jeff Bezos is the richest person on the planet with a net worth of $183 billion, followed by Elon Musk with a net worth of $180 billion.
Reliance Industries Chairman Mukesh Ambani is the 10th richest person in the world with a net worth of $84.8 billion. So far in 2021, he has added $8.05 billion of wealth.
Indo-Asian News Service
Elon Musk, the outspoken and envelope-pushing chief executive of Tesla, overtook Amazon boss Jeff Bezos to become the world's wealthiest person, US media reported on Thursday.
My dream when I was about six was to be a late-night, long-distance lorry driver. It wasn’t so much that I liked the idea of lorries or driving, but that I had seen the Yorkie adverts and I liked the idea of chocolate. Often after a gig, I’ll drive home
Nayar, 58, joined only six other Indian women dollar billionaires as her beauty and fashion retailer Nykaa's parent company FSN floated on the Mumbai stock exchange, hitting a valuation of Rs1 trillion ($13.5 billion) in the first five minutes of trade.
New Delhi/Mumbai: A booster dose in the form of further rate cut is expected from the Reserve Bank to rekindle economic growth which has been stunted by low demand, receding production and stagnant wages. Economy watchers contend that subdued food prices coupled with growth concerns allows RBI
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, visited the pavilion of Ukraine in the Opportunity District at Expo 2020 Dubai,
Dubai Airport Freezone Authority (Dafza) is bolstering its efforts to attract direct foreign investments in Dubai and support foreign companies in establishing business in the Emirate,
The total value of the UAE’s foreign trade in the past five decades amounted to some $9.32 trillion (Dhs34.23 trillion), according to the United Nations Conference on Trade and Development (UNCTAD).