Gautam Adani, a business tycoon from India, is on a record-breaking spree. He is leaving no some unturned to grow exponentially. As per the latest Bloomberg Billionaire Index, his wealth is $50.9 billion that is more than the ex-richest person of Asia, Jack Ma. the Year 2021 has been extraordinary for him. He has added the maximum wealth in 2021 among all business tycoons worldwide. It is an extraordinary achievement to increase the wealth at this rate.
How Adani Became so Rich?
As per the Bloomberg Billionaire Index report of March 17, 2021, Gautam Adani’s net worth is equivalent to $50.9 billion, whereas Jack Ma has a net worth of $50.2 billion. In 2021, his wealth creation rate is faster than any other business person in the world. his wealth jumped from $16.2 billion to $50.9 billion within a span of 75 days.
the recent tussle with the Chinese Government has affected the business operations of Jack Ma firms very badly. for few months, Jack Ma did not appear in the public after his controversial statements against the financial policies of the Government.
AdaniMajority of Adani’s wealth belongs to his 44% stake in Adani Ports & Special Economic Zone. Adani Ports started its separate operation in 2015. Earlier, Adani Enterprises were the main business firm of Adani Group. now, Adani Ports has become the flagship firm of Adani Group.
Adani also has a 75% stake in each of Adani Green Energy, Adani Enterprises, Adani Power, Adani Transmissions and Adani Gas, as per the financial documents submitted in December 2020. All companies have their base in Ahmedabad and they all are public trading companies.
As per the information provided on its website, Adani is the largest port operator. He is one of the largest coal traders in the world. When Bloomberg contacted the spokeswomen of Adani Group, she did not reveal any information related to Adani’s health.
A Brief History of Gautam Adani
As a teenager, Gautam Adani did not complete his college education and came to Mumbai. he worked in a diamond trading company in Mumbai and finally returned to Gujrat.
his business journey started when he imported polyvinyl chloride(PVC) for his brother’s company. in 1988, he founded Adani Enterprises for import and export activities.
Adani Enterprises got Gujarat government consent to start a harbor facility for handling Adani Enterprises’ cargo. after sensing a business potential in harbor operations, he decided to start a commercial port. he made Mudra Port the largest in India. he started power generating business in 2009.
Adani has close relationships with current Indian Prime Minister Narendra Modi. His critics believe that he is taking extra advantage of the current government to expand its businesses exponentially.