Connect with us

Business

Indian tycoon Gautam Adani becomes top gainer this year so far, beats Bezos and Musk

Adani has been rapidly expanding his business by adding data centers, coal mines, ports and airports in India

Published

on

Advertisement

New Delhi: According to the Bloomberg Billionaires Index, Gautam Adani gained $16.2 billion in 2021 to reach the mark of $50 billion. In the process he defeated both Jeff Bezos and Elon Musk. Bezos and Musk have fought each other this year to become the world’s richest man.

Share prices of all Adani enterprises except for one increased by a margin of 50%. The surge in wealth dwarfed the $8.1 billion added by the richest person in Asia, Mukesh Ambani. Adani has now become 26th richest man in the world.

(Courtesy: Times of India)

Adani has been rapidly expanding his business by adding data centers, coal mines, ports and airports in India, while silently proceeding with his controversial Carmichael coal project in Australia.

Adani’s Growth details

(Courtesy: Bloomberg)

Adani Total Gas Ltd. has jumped 96% this year while the flagship Adani Enterprises has advanced 90%. Adani Transmission Ltd. is up 79%. Adani Power Ltd. and Adani Ports and Special Economic Zones Ltd. have gained more than 52% this year. Adani Green Energy Ltd., after rising over 500% last year, is up 12% so far.

Advertisement