Gautam Adani, the Indian billionaire, industrialist, and Adani Group’s Chairperson, has become the world’s second richest man, thanks to a rapid spike in Adani Group equities. According to Forbes’ real-time billionaires list, Adani’s net worth is $155.7 billion as of September 16, 2022, an increase of $5.5 billion or over 4%.
According to Forbes’ real-time data, Adani has surpassed Amazon’s Jeff Bezos to become the world’s second richest man, trailing Tesla’s Elon Musk, who remains the world’s richest man with a net worth of $273.5 billion.
Adani Group shares Adani Enterprises, Adani Port, and Adani Transmission all set new highs on the BSE in early trading on Friday, boosting the group Chairman’s real-time net worth.
So far in 2022 (YTD), Adani has added more than $70 billion to his fortune, making him the only one of the world’s ten wealthiest persons to see his fortune grow this year. He beat Mukesh Ambani as the richest Asian in February, became a billionaire in April, and last month surpassed Microsoft Corp.’s Bill Gates as the world’s fourth-richest person.
Gautam Adani, 60, is the founder of the Adani Group, India’s largest port operator. The Ahmedabad-based infrastructure firm is also the country’s largest tightly held thermal coal producer and trader. His Adani Group, worth $13 billion in revenue, has holdings in infrastructure, commodities, power generation and transmission, and real estate.
He made a huge breakthrough into cement in May 2022 when he won the competition to buy Swiss firm Holcim’s cement business in India for $10.5 billion. Adani also aspires to be the world’s largest producer of green energy, with plans to invest up to $70 billion in renewable energy projects. He has boosted his charitable donations, intending to donate $7.7 billion to humanitarian initiatives in June to commemorate his 60th birthday.
According to March 2022 stock exchange records, he holds 75% of Adani Enterprises, Adani Power, and Adani Transmissions. He also has a 37% stake in Adani Total Gas, a 65% stake in Adani Ports & Special Economic Zone, and a 61% stake in Adani Green Energy.