It was only recently that Adani overtook Gates to become the third Richest person on the planet. Nearly $5 billion was added to Adani’s fortune today, while $3.1 billion was subtracted from Anault’s, a decrease of 1.97%. Adani’s wealth has skyrocketed this year thanks to the success of Adani Group’s stock, which explains his ascent up the Forbes rankings.With the exception of Adani and Musk, all of the other top 10 billionaires saw a drop in their fortunes on Friday.Recent gains in Adani Group stock have been a major contributor to the company’s rise up the rankings.
Inside Report | How Adani Become 2nd Richest Person |
- Some Adani Group stocks, including Adani Enterprises, Adani Port, and Adani Transmission, hit all-time highs on the BSE during Friday’s early deals, increasing the group chairman’s real time net worth.Indian billionaire and Chairman of the Adani Group Gautam Adani has surpassed Amazon’s Jeff Bezos to become the world’s second-wealthiest individual.
- Adani’s wealth skyrocketed, making him the world’s second Richest man,on the strength of a significant increase in Adani Group stock price. According to Forbes’ real-time data, he is now the second-wealthiest person in the world, trailing only Tesla CEO Elon Musk, who is worth $273.5 billion. (source:livemint).
According to their annual report as of March 31, 2021, Adani Enterprises earned $5.32 billion in revenue.
- It has been reported that Gautam Adani, who has pledged to spend up to $70 billion on renewable energy projects, has ambitions to become the world’s largest producer of green energy.
- According to SEC filings from March of 2022, he owns 75 percent of Adani Enterprises, Adani Power, and Adani Transmissions. In addition to his stake in Adani Green Energy, he owns 37% of Adani Total Gas and 65% of Adani Ports & Special Economic Zone.
- Mukesh Ambani, Chairman and Managing Director of Reliance Industries, is worth $92.3 billion, placing him in eighth place.
Observation of Lawmakers and Market Experts
- Adani Group stocks have risen sharply in recent times, which is a major factor in the company’s rise in the rankings. After equities in the Adani Group, including Adani Port & Adani Transmission, reached new highs on the BSE during Friday’s early transactions, the real-time net worth of the group’s chairman increased.
- In May of 2022, he entered the cement industry with a bang when he outbid rivals for the $10.5 billion sale of the Indian cement operations of Swiss firm Holcim.Adani also plans to invest up to $70 billion in renewable energy projects in his pursuit to become the world’s greatest generator of green energy.
- To celebrate his 60th birthday in June, he boosted his philanthropic efforts by promising to give $7.7 billion to social organizations.
- According to public documents submitted to the stock exchange in March of 2022, he controls 75 percent of Adani Enterprises, Adani Power, and Adani Transmissions.
- Additionally, he holds around 37% of the shares in Adani Total Gas, 65% of the shares in Ports & Special Economic Zone (SEZ), and 61% of the shares in Adani Green Energy.
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