Gautam Adani, Indian businessman became the biggest wealth gainer of the year 2021, beating American businessmen Jeff Bezos and Elon Musk
Bengaluru: Gautam Adani, Indian businessman became the biggest wealth gainer of the year 2021, beating American businessmen Jeff Bezos and Elon Musk.
As reported by OpIndia, his net worth is $50 billion, a staggering rise of $16.2 billion in the past one year. His shares of all Adani group stocks have risen at least 50 per cent this year.
Adani group has been adding ports, airports, data centres and coal mines in India, while steadfastly going ahead with his controversial Carmichael coal project in Australia.
The website also quoted Sunil Chandiramani, founder and chief executive officer at Nyka Advisory Services, as saying that Adani has been constantly augmenting his business in areas that are robust enough to withstand market cycles. “Now with the entry in data centres, the Group has demonstrated its willingness to take the plunge into the technology sector,” he said.
Adani Enterprises Ltd. signed an agreement last month to develop 1 gigawatt of data center capacity in India, it added.
The Adani Group seems to have insulated itself from the economic fallout out of the coronavirus-induced lockdown. At a time when organisations are struggling on their path to recovery, companies within the Adani conglomerate have registered staggering growth. The shares of Adani Total Gas Ltd. has jumped 96 per cent this year while the flagship Adani Enterprises have leapt 90 per cent. Adani Transmission Ltd. is up 79%. Adani Power Ltd. and Adani Ports and Special Economic Zones Ltd. have added more than 52% this year. Adani Green Energy Ltd., which rose over 500% last year, is up 12% so far.
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Last Updated Mar 12, 2021, 5:54 PM IST