This year, Gautam Adani, Chairman of the Adani Group, saw the highest added wealth among all the wealthiest Indians. Even in addition to wealth, he has pipped Asia’s richest man and the chairman of Reliance Industries, Mukesh Ambani.
Gautam Adani’s wealth has risen by $19.1 billion this year, up from $16.4 billion added by Mukesh Ambani in 2020 so far, according to the Bloomberg Billionaire Index. In the first 10-and-half months of 2020, Adani added Rs 1.41 lakh crore to his fortune in rupee terms, or nearly Rs 449 crore per day. Adani is the ninth-largest producer of wealth in the world, ahead of Steve Ballmer, Larry Page, and Bill Gates.
Adani’s wealth rose this year to $30.4 billion, making him the world’s 40th richest individual. Meanwhile, after having added $16.4 billion this year, Mukesh Ambani’s overall wealth now stands at $75 billion. According to the Bloomberg Billionaire Index, he is currently the 10th richest person in the world.
Meanwhile with his wealth increasing from $92 billion to $120 billion so far in 2020, Elon Musk of Tesla has seen the highest addition to his wealth in the world; while Jeff Bezos (of Amazon) and Zhong Shanshan (of Nongfu Spring) have increased their wealth by $68 billion and $57 billion respectively.
This year’s rise in Adani’s wealth was possible due to the increase in Adani Green, Adani Companies, Adani Gas,, and Adani Transmission share prices. In 2020, Adani Green Energy shares jumped 551 percent, while shares of Adani Gas and Adani Enterprises jumped 103 percent and 85 percent. During this time, Adani Transmission and Adani Ports won 38 percent and 4 percent respectively, while Adani Power declined by 38 percent.
Formerly a commodities trader at the age of 32 in 1988, Gautam Adani now owns ports, airports, oil, capital, logistics, agribusiness, real estate, financial services, gas distribution,, and defense companies, among others.
Recently, Reliance Retail said that by selling 10.09 percent shares to investors such as Silver Lake Partners, KKR, ADIA, and others it has raised Rs 47,265 crore. Reliance Industries and Reliance Retail Ventures Limited (RRVL) have completed the current phase of the exercise of partner induction and fundraising for RRVL, the official release said.
