Gautam Adani, an Indian Business Tycoon, saw an exponential surge in its wealth in 2021. As per Bloomberg Billionaire Index, his wealth has increased fastest among all business personalities worldwide during 2021. He has defeated big names like Elon Musk, Jeff Bezos, and Mukesh Ambani in terms of wealth surge in 2021.
Current Status of Adani’s Business Empire
If we see the recent numbers related to his wealth, it surged from $16.2 billion to a whopping $50 billion in 2021. Within 2 months, a wealth surge of $33.8 billion is unbelievable. The current Adani wealth surge is due to the 50% share rise in all Adani stocks. Few of them surged up to 90%. Adani Enterprises share saw a surge of 90%, whereas Adani Total Gas Ltd had a whopping 96% share surge.
In other key portfolios, Adani Transmission rose by 79%. Adani Ports related firm saw a jump of 52% in its shares. Adani Green Energy Ltd surged by 12%. Last year, Adani Energy saw an unbelievable surge of 500%.
If we talk about the market cap of his main firms, Adani Green Energy is leading with an $18 billion market cap among all its businesses. Adani Power Ltd has a market cap of $2 billion, whereas Adani Transmission stands strong with a total market value of $6 billion. Adani Enterprises and Adani Total Gas both have an $8 billion market cap. Adani Ports and SEZ Ltd is worth $9 billion. Adani Enterprises Ltd. signed a pact last month to develop 1 gigawatt of data center capacity in India.
“Adani has been consistently expanding its business in areas that are resilient to market cycles,” said Sunil Chandiramani, founder and chief executive officer at Nyka Advisory Services. “Now with the entry in data centers business, the group has also indicated its appetite for venturing into technologies.”
Other Business Tycoons Status of 2021
If we talk about the other business persons, Mukesh Ambani added $8.1 billion in 2021. Ambani is not only the Indian richest person but he is also the business tycoon with maximum wealth in Asia.
The report did not reveal how much wealth surge Jeff Bezos and Elon Musk had in 2021. Jeff Bezos, Amazon Founder, is currently the richest person in the world with a total wealth of around $180 billion. Elon Musk, the founder of Tesla, secures 2nd position among the richest person in the World. He has a total wealth of $173 billion. These numbers keep increasing/decreasing based on shared value demand. On 9th March, Elon Musk added $25 billion to his wealth in a day due to the surge in Tesla share.
Gautam Adani is one of those business tycoons who talk less in media. Adani is busy with his day-to-day activities. He never replies to the criticisms. He believes in “work speaks” methodology.
In recent months, he has been heavily criticized for his business-related projects. He is facing heat in Australia due to his coal mine project. In India, people consider him the closest business person to the ruling political party. Due to his good relationship with the Indian Government and his impeccable business strategies, he has won different bids to control Indian ports, airports, and coal mines.