MUMBAI: Indian tycoon Gautam Adani (60), whose business empire extends from infrastructure to airport management and FMCG came to cement, Tuesday became the third richest person in the world, after Tesla‘S Elon Musk and Amazon‘S Jeff Bezos.
With a net worth of $137.4 billion, the main promoter of the Ahmedabad-based group that bears his last name, Adani has surpassed French businessman Bernard Arnault, the co-founder of the largest luxury brand. LVMH world, according to the Bloomberg Billionaires Index.
Adani is the first Asian to make the top three on the list. Red Indian Mukesh Ambanicurrently with a net worth of $92 billion, coming in at 11th place.
Jack Ma, founder of Chinese e-commerce giant Alibaba, ranks 35th with a net worth of $33 billion.
For more than two and a half years, The Wealth of Gautam Adani galloped more than 13 times. As of January 2020, his net worth is around $10 billion. In Indian currency, Adani .’s current net worth translates to nearly Rs 11 lakh crore.
In terms of perspective, only two companies in India-Reliance Industries (RIL) and Tata Consultancy Services (TCS) – are valued above the business tycoon’s net worth. RIL’s market cap is Rs 17.9 lakh crore while that of TCS is Rs 11.8 lakh crore.
Musk, the founder of passenger car leader Tesla and space exploration company SpaceX, currently has a net worth of $251 billion and leads the list of the world’s richest people. He is followed by Amazon’s Jeff Bezos with a net worth of $153 billion.
The Adani Group, with a total market capitalization of over $250 billion (approximately Rs 20 lakh crore) currently, got off to a humble start. In 1988, Adani founded Adani Enterprises (later Adani Exports) to start a merchandise business. Soon after, he established the port of Mundra for fixed import and export operations. Within a decade, it also emerged as the largest coal trading company in the country and one of India’s largest foreign exchange earners.
In the last two decades, the group has entered into several new business areas, through green field projects, acquisitions and joint ventures. It establishes thermal power and renewable generation projects, acquires several ports along India’s coast and also establishes power transmission lines across the country. It will set up data centers, and start a communications business, and has made huge investment commitments in the renewable energy space. The group’s rapid rise has also attracted investment from leading companies such as Total Energies SE and Abu Dhabi’s IHC.
With a net worth of $137.4 billion, the main promoter of the Ahmedabad-based group that bears his last name, Adani has surpassed French businessman Bernard Arnault, the co-founder of the largest luxury brand. LVMH world, according to the Bloomberg Billionaires Index.
Adani is the first Asian to make the top three on the list. Red Indian Mukesh Ambanicurrently with a net worth of $92 billion, coming in at 11th place.
Jack Ma, founder of Chinese e-commerce giant Alibaba, ranks 35th with a net worth of $33 billion.
For more than two and a half years, The Wealth of Gautam Adani galloped more than 13 times. As of January 2020, his net worth is around $10 billion. In Indian currency, Adani .’s current net worth translates to nearly Rs 11 lakh crore.
In terms of perspective, only two companies in India-Reliance Industries (RIL) and Tata Consultancy Services (TCS) – are valued above the business tycoon’s net worth. RIL’s market cap is Rs 17.9 lakh crore while that of TCS is Rs 11.8 lakh crore.
Musk, the founder of passenger car leader Tesla and space exploration company SpaceX, currently has a net worth of $251 billion and leads the list of the world’s richest people. He is followed by Amazon’s Jeff Bezos with a net worth of $153 billion.
The Adani Group, with a total market capitalization of over $250 billion (approximately Rs 20 lakh crore) currently, got off to a humble start. In 1988, Adani founded Adani Enterprises (later Adani Exports) to start a merchandise business. Soon after, he established the port of Mundra for fixed import and export operations. Within a decade, it also emerged as the largest coal trading company in the country and one of India’s largest foreign exchange earners.
In the last two decades, the group has entered into several new business areas, through green field projects, acquisitions and joint ventures. It establishes thermal power and renewable generation projects, acquires several ports along India’s coast and also establishes power transmission lines across the country. It will set up data centers, and start a communications business, and has made huge investment commitments in the renewable energy space. The group’s rapid rise has also attracted investment from leading companies such as Total Energies SE and Abu Dhabi’s IHC.
