Gautam Adani Joins The $100 Billion Club

 

Gautam Adani, an Indian business magnate, has joined the club of billionaires. Gautam Adani is the chairman of the Adani Group, a corporate conglomerate. The 59-year-old industrialist, whose empire spans across ports, mines, and green energy, is the latest to reach a net worth of $100 billion. Mukesh Ambani, another Indian business tycoon, has fallen below the billionaire threshold, with a net worth of $99 billion, according to Bloomberg Billionaires Index.

 

Adani, a college dropout, has acquired his initial wealth in the coal sector. He has amassed practically all of his fortune in the last two years, owing to a shift to green energy and infrastructure, which has secured him investments from companies such as Total SE of France and Warburg Pincus. According to a source, Adani has become the world's largest gainer this year, with his income increasing by about $24 million. Gautam Adani's wealth surged roughly fivefold to $81 billion from $17 billion in 2020 when the renewable energy business Adani Green was listed, according to a report published earlier this year by Hurun India. Adani is also exploring potential partnerships in Saudi Arabia.

 

Since Microsoft Corp. co-founder Bill Gates in 1999, Jeff Bezos of Amazon.com Inc. was the first to reach the $100 billion mark in 2017. Elon Musk, the founder of Tesla, the world's richest man with a worth of $273 billion, joined the club in 2020.