Latest update by Gautam Adani: All companies of the Adani group listed on the stock exchange have generated multiple returns for their shareholders.
Gautam Adani Update: Gautam Adani, chairman of the Adani Group, has become the third richest person in the world. The first person from the Asian continent entered the top three richest people in the world. In fact, in the last decade, Gautam Adani has gone ahead, leaving all the big industrial houses behind. Especially after the formation of the Modi government in the Center, the wealth of Gautam Adani increased tremendously. All companies of the Adani group listed on the stock exchange have given their shareholders multiple returns. Due to the growth of shares of Adani Group companies, the market capitalization of the group has reached almost 20.31 million rupees.
How Adani Group’s Market Capitalization Has Grown In 1 Decade
In September 2012, three of Gautam Adani’s companies were listed on the stock exchange. The total market capitalization of the group’s companies at the time was Rs 48,692 crore. On 13 September 2013, when the BJP announced Prime Minister Narendra Modi as its candidate for Prime Minister, the market capitalization of the Adani group companies was Rs 51,573 crore. After the 2014 Loksabha elections, when the results were released, Adani Group’s market capitalization was Rs 122,206 crore. At that time, only three companies of the Adani group were listed on the stock exchange. In December 2019, the market capitalization rose to the level of 2 billion rupees. During this time, 5 Adani Group companies have been listed on the stock exchange.
Astonishing jump in market capitalization of the group during the period of coronavirus
But during the corona period (Covid-19 pandemic), the shares of the Adani Group companies rose sharply, and on June 18, 2021, the market capitalization of the Adani Group reached Rs 7.89 million, and a total of six companies were listed. . And as of August 30, 2022, seven Adani Group companies are listed on the stock exchange and the total market capitalization is approaching Rs 20.31 million. That is, from 2012 to 2022, i.e. in a decade, Adani Group’s market capitalization has increased 42 times.
49x Jump In Assets
According to the Forbes list, in 2014, Gautam Adani ranked 609th with a net worth of $2.80 billion. But according to the Bloomberg Billionaires Index, Gautam Adani has now become the third richest person in the world with a net worth of $137 billion. In 2022, his fortune increased by $60.9 billion. Which is the biggest increase in any of these properties. So, over the past 8 years, the fortune of Gautam Adani has increased 49 times.
Read More – https://www.abplive.com/business/gautam-adani-net-worth-increases-49-times-since-2014-2-80-billion-dollar-net-worth-becomes-137-billion-dollar-2204087
Meet Billionaire College Dropout Gautam Adani Who Just Became The Third Richest Person In The World With A Net Worth Of $137 Billion.
The world’s wealth rankings have a new number 3. Indian billionaire Gautam Adani surpassed luxury goods tycoon Bernard Arnault on Tuesday.
With a net worth of $137 billion, according to the Bloomberg Billionaires Index, Adani is the first Asian man to make it into the top three. On the rich list, he is second only to Amazon founder Jeff Bezos (worth $153 billion) and Tesla CEO Elon Musk (worth $251 billion).
This milestone comes just six months after he was named Asia’s richest man. Adani added $60.9 billion to his net worth this year, making him the only member of the top 10 whose net worth won’t drop in 2022.
Adani has come a long way from dropping out of college in his sophomore year at Gujarat University to become a diamond sorter. He is the founder of the Adani Group, which has a huge portfolio of companies across industries including ports, coal and energy.
Adani first became a billionaire in 2008, 20 years after founding his commodity export firm. The 60-year-old overtook Bill Gates on the rich list in July after Gates announced he would donate $20 billion to the Bill & Melinda Gates Foundation.
Whether the mogul can hold onto his No. 3 spot remains to be seen. Analysts have raised concerns about the amount of debt his company has taken on during its expansion. In addition, rising share prices in companies such as Arnaud’s LVMH or Gates’ Microsoft could see Adani fall out of the top three.
These are the 10 richest people in the world as of August 30, 2022 according to the Bloomberg Billionaires Index.
Elon Musk — $251 Billion
Jeff Bezos — $153 Billion
Gautam Adani — $137 Billion
Bernard Arnault — $136 Billion
Bill Gates — $117 Billion
Warren Buffett — $100 Billion
Larry Page — $93.3 Billion
Sergey Brin — $95.8 Billion
Steve Ballmer — $93.7 Billion
Larry Ellison — $93.3 Billion
