Earning the most money from the beginning of the year, the Indian billionaire joins the club of assets from 100 billion USD
The billionaire club with 12-digit assets has just welcomed a new member – Indian billionaire Gautam Adani. According to Bloomberg Billionaires Indexthe owner of Adani Group – a corporation operating in the fields of seaports, mining and green energy – currently owns assets worth 100 billion USD.
Adani is also the billionaire with the most money since the beginning of the year with $ 24 billion. He has surpassed compatriot Mukesh Ambani to become the richest man in Asia and 10th in the world. Billionaire Ambani ranks right behind Mr. Adani with a net worth of $99 billion.
The fact that the boss of Adani Group joined the club with assets from $ 100 billion is expected. The world has seen the billionaire dropout’s fortune increase sharply in the past two years thanks to a shift to green energy and infrastructure. Adani’s consortium has attracted numerous investments, including from France’s Total SE and Warburg Pincus.
Indian billionaire Gautam Adani. Photo: FT
The billionaire born in 1962 also expanded into areas that Indian Prime Minister Narendra Modi considers important for the nation-building process. The pursuit of the nation’s long-term economic goals has helped Adani reap the rewards as many of his conglomerate’s shares have risen more than 1,000% since 2020.
While 2021 is a sublimation year for billionaires when the total wealth of the world’s 500 richest people has increased by more than 1 trillion USD, Gautam Adani is still a prominent face. With “pocketed” 42.7 billion USD, he was one of the billionaires who made the most money last year. In February this year, Adani also rose to the top of the Asian billionaires rankings but did not maintain this position for long.
While billionaires from US tech giants have seen their fortunes decline since the beginning of the year, two Indian billionaires, Adani and Ambani, are getting richer and richer. Similar to Adani, Ambani – the owner of the Reliance Industries empire that is expanding into new areas – such as e-commerce and technology – attracts many businesses to invest, including Facebook and Google.
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