On Wednesday, Gautam Adani, founder and chairman of Adani Group, replaced Reliance Industries Limited (RIL) chairman Mukesh Ambani to become Asia’s richest person. As per the reports, Adani’s net worth has grown drastically since April 2020. On 18 March 2020, his net worth was USD 4.91 billion.
In the past 20 months, the net worth of Gautam Adani noticed a rise of over 1808 percent, i.e., a huge USD 83.89 billion. In the similar time, Mukesh Ambani’s net worth multiplied by 250 percent, i.e., $54.7 billion. Earlier, the Bloomberg Billionaire Index had informed that Adani’s current net worth is USD 88.8 billion, which is just USD 2.2 billion less than the net worth of Reliance Industries Limited (RIL) chairman Mukesh Ambani.
Who is 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 Gujarat.
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. Gautam started power generating business in 2009.
It is said that Adani has close relationships with the current Indian Prime Minister. His critics believe that he is taking extra advantage of the current government to expand its businesses exponentially.
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.