Gautam Adani, Adani Group Chairman, has created history by racing ahead of world’s richest Jeff Bezos and Tesla CEO Elon Musk to emerge as biggest wealth creator across the globe in 2021. The Indian tycoon has added more billions to his wealth than anyone else in the world according to the Bloomberg Billionaires Index.
This comes on the back of investors’ excitement around his ports-to-power plants conglomerate. The net worth of first-generation entrepreneur has jumped from $16.2 billion in 2021 to astonishing $50 billion.
The wealth surge has reportedly made the Indian tycoon year’s biggest wealth gainer, beating even Jeff Bezos and Elon Musk, who have put up a stiff fight in 2021 for the title of the worlds richest. Shares of all Adani group stocks, except one, have increased by at least 50% this year.
Adani’s success of achieving this milestone comes after acquiring some strategic, major airports and ports in India, coupled with acquiring coal mines in Australia. Reportedly, the ports-to-power conglomerate added a total of $16.2 billion to his net worth which has now jumped to $50 billion. Additionally, it was reported that Adani Enterprises had signed a pact last month to develop 1 gigawatt of data center capacity in India.
Closely, scrutinizing Adani’s wealth surge strategy, it can be deciphered that Adani has been rapidly expanding his conglomerate by adding ports, airports, data centers and coal mines in India, while steadfastly proceeding with his controversial Carmichael coal project in Australia. Adani can rightfully be called a man who seizes opportunities as Adani has been acquiring strategic ports and structures across the world riding high on India’s recovery from coronavirus pandemic.
The shares of Adani group including Adani Total Gas have doubled while Adani Enterprises increased 90%, Adani Transmission Ltd gained a significant 79%. Adani Power and Adani Ports and Special Economic Zones Ltd gained more than 50%.
Reportedly, in 2019, the Adani Group had also won all six airports situated in Lucknow, Ahmedabad, Mangalore, Jaipur, Thiruvananthapuram and Guwahati — which were up for bidding last year. Adani has been consistently expanding his business in areas that are resilient to market cycles,” said Sunil Chandiramani, founder and chief executive officer at Nyka Advisory Services. “Now with the entry in data centers business, the group has also indicated its appetite for venturing into technology.”
On the other hand, Reliance Industries Chairman and Asia’s richest man Mukesh Ambani added just $8.1 billion in 2021 so far. According to the Bloomberg Billionaire Index, Adani’s wealth jumped by $19.1 billion in 2020, more than $16.4 billion added by Mukesh Ambani.