Gautam Adani, head of the Adani Group, has surpassed renowned investor Warren Buffett to become the world’s fifth richest person. Embed from Getty Images Gautam Adani, 59, is believed to have a net worth of $12370 million, according to Forbes. Buffett’s net worth is projected to be $ 12170 million at the same period. As a result of leaving Buffet behind, Adani has risen to number five on the list, while Buffett has fallen to sixth.
Massive increase in Profits ; Richest net-worth in India
According to the Bloomberg Billionaires Index, businessman Gautam Adani’s wealth climbed by $ 4300 million in 2022, a massive 56.2 percent growth in his portfolio. At the same time, with an estimated net worth of $12370 million, he is India’s richest individual.
Only four people in the world are now wealthier than Adani:
- Microsoft co-founder Bill Gates ($13019 million),
- Bernard Arnault ($167900 million),
- Jeff Bezos ($17020 million),
- Elon Musk (26970 million).
Adani Group – From Airport to Ports
Gautam Adani is the chairman and founder of the Adani Group, which operates in a variety of industries including airports, ports, and power generation and distribution. Adani Enterprises, Adani Green Energy, and Adani Power are among the six publicly traded firms in India.
Biggest Investment to Adani Groups from Abu Dhabi based International Firm
On April 8, the Adani Group announced that PJSC (IHC), an Abu Dhabi-based international holding firm, has invested more than $200 million in three of Adani’ s portfolio companies: Adani Green Energy (AGEL), Adani Transmission (ATL), and Adani Enterprises (AEL).
Adani’s ‘No Empty Stomach’ theory by 2050
Last week, industrialist Gautam Adani stated that if the country’s economy grows to $30 trillion by 2050, no one will be able to sleep with an empty stomach. According to Adani, the year 2050 is around 10,000 days away. I expect to add around $25 trillion to our GDP over this time. I also believe that throughout this time, we will be able to remove all forms of poverty.
Hi there! I’m Akash. I was born and raised in Bengaluru, India. I am a freelance content writer and a blogger. I am currently a student studying at a prestigious law school in India. I am an avid reader and writer.