The Indian infrastructure tycoon became Asia’s richest billionaire in history (in USD) earlier this month and continues to climb higher up the billionaire rankings.
Billionaire Gautam Adani – Chairman of Adani Group. (Image: Getty Images)
According to Forbes estimates , by the end of the trading session on April 22, the 59-year-old businessman’s net worth was 123.7 billion USD, far exceeding the fortune of 121.7 billion USD of 91-year-old billionaire Warren Buffett. . Thus, Mr. Gautam Adani surpassed financial legend Warren Buffett and became the 5th richest person in the world.
Gautam Adani is the Founder and Chairman of Adani Group, a port and energy conglomerate with six companies listed on the Indian Stock Exchange. Shares of these businesses have risen from 19% to 195% this year, as Mr. Adani expands into renewable energy, media, airports…
Earlier this month, Abu Dhabi’s International Holding, run by the brother of the crown prince of the UAE, invested $2 billion in three of Adani’s green energy companies. The Indian billionaire said he wants to become the world’s largest green energy producer, with the goal of investing up to $70 billion in renewable energy projects.
The son of a textile business man, after dropping out of college, Mr. Adani started a commodity export company in 1988. By 2008, he had become a billionaire and joined the company for the first time. ranked by Forbes with an estimated net worth of $9.3 billion.
However, when the pandemic began, Mr. Adani really “flyed like a kite” after expanding his empire with a series of acquisitions. In 2020, he acquired a 74% stake in India’s second largest port Mumbai International Airport and spent $3.5 billion acquiring Softbank’s renewable energy company in India.
Most recently, on April 22, Gautam Adani agreed to buy Ocean Sparkle, India’s largest marine services company, in a deal worth $220 million.
Adani’s net worth was only $8.9 billion two years ago, but this number jumped to $50.5 billion in March 2021, thanks to a dizzying rise in share prices. By March 2022, his fortune had doubled, to about $90 billion, as shares of Adani Group continued to soar.
With an estimated net worth of nearly $124 billion, Mr. Adani is not only India’s richest man, $19 billion more than the country’s second-richest person, Mukesh Ambani, but he also surpasses legendary investor. Buffett to become the 5th richest person in the world. Mr. Buffett’s fortune fell as shares of Berkshire Hathaway “lost” 2% amid a broad drop in the US stock market.
There are currently only four people richer than Adani, according to Forbes ‘ real-time billionaire tracker : Microsoft co-founder Bill Gates ($130.2 billion), French luxury goods king Bernard Arnault ($167). $3.9 billion), Amazon founder Jeff Bezos ($170.2 billion) and Elon Musk, CEO of Tesla and SpaceX ($269.7 billion).
Source: vtv.vn
Source: Vietnam Insider