Gautam Adani becomes the 2nd richest person in the world
16 September, 2022 | Pranay Lad
According to Forbes’ Real-Time Billionaires List, Gautam Adani, the head of business behemoth Adani Group, has passed Bernard Arnault to become the second-richest person in the world. Gautam ...
According to Forbes’ Real-Time Billionaires List, Gautam Adani, the head of business behemoth Adani Group, has passed Bernard Arnault to become the second-richest person in the world.
Gautam Adani had a net worth of USD 153.9 billion at the time this report was written, compared to Arnault’s net worth of USD 153.7 billion. According to data from Forbes, business tycoon Adani is currently only slightly behind Elon Musk. Elon Musk has a far bigger net worth of USD 273.5 billion. India’s Mukesh Ambani, who has a net worth of USD 91.9 billion, is ranked eighth.
First-generation businessman Gautam Adani is the head of the Adani Group, which consists of seven publicly traded companies in the energy, ports and logistics, mining and resources, gas, defence and aerospace, and airports industries. Each of the Group’s business sectors has developed a dominant position in India.
After Tata Group and Reliance Industries, the Adani Group is India’s third-largest conglomerate.
Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Power, Adani Total Gas, and Adani Transmission are the listed Adani group entities.
Airports, cement, copper refining, data centres, green hydrogen, petrochemical refining, highways, and solar cell manufacturing are just a few of the new emerging industries that Adani Enterprises’ flagship firm, Adani, has made significant investments in over the past five years.
In the near future, it intends to enter the communications industry and has ambitious growth goals for both its green hydrogen and airports sectors.
The Group has revealed plans to build two facilities in Odisha that might cost more than Rs 580 billion combined: a 30 mtpa iron ore beneficiation plant and a 4.1 mtpa integrated alumina refinery.
His organisation has pledged USD 70 billion for infrastructure related to green energy.
He informed shareholders at the Adani Group’s Annual General Meeting in late July that as part of its corporate social responsibility to the community, the company had decided to donate Rs 60,000 crore to charitable endeavours focused primarily on rural India’s needs in the areas of healthcare, education, and skill development.