As per the Bloomberg Billionaire Index, Adani’s net worth stands at $66.5 billion against Zhong Shanshan’s $63.6 billion. Adani’s wealth has surged by $32.7 billion this year. Mukesh Ambani, on the opposite hand, has lost $175.5 million thus far together with his total wealth at $76.5 billion. Ambani is currently the 13th richest within the world followed by Gautam Adani at 14th, consistent with the Bloomberg Billionaire Index.
By early 2021, the Chinese tycoon was the sixth-wealthiest person within the world and therefore the richest in China with a net worth of $63.6 billion following the listing of his two companies.
Adani’s wealth has come on the rear of an increase in share prices of Adani Green, Adani Enterprises, Adani Gas, and Adani Transmission. The Adani Total Gas stock has jumped 1145% within the last year, while Adani Enterprises and Adani Transmission shares have rallied 827% and 617%, respectively. Adani Green Energy and Adani Power have gained 433% and 189%, respectively, during this era, while Adani Power has advanced 142%.
Gautam Adani, who started as a commodity trader, today owns companies across ports, airports, energy, resources, logistics, agribusiness, land, financial services, gas distribution, defense businesses, among others.
Adani Green Energy on Wednesday announced that it’ll acquire Softbank’s Indian renewable energy business SB Energy’s 5 GW renewable power portfolio for an enterprise valuation of $3.5 billion. The transaction marks the most important acquisition within the renewable energy sector in India, the corporate said.
Adani Green’s acquisition is simply one among the samples of the dealmaking spree that the group has been engaged in over the last two years, during a bid to extend its dominance in India’s infrastructure sector.
In March, Adani Ports and Special Economic Zone Ltd acquired a 58.1% stake in Gangavaram Port Ltd from D.V.S. Raju and family for ₹3,604 crores, winning majority control of the private port at Visakhapatnam in Andhra Pradesh. It had earlier acquired a 31.5% stake within the port from Warburg Pincus.
In September, the group made its most audacious bet yet, taking up control of the Mumbai international airport from the GVK group, besides getting a controlling stake within the upcoming Navi Mumbai International Airport. it’s also won 50-year operating rights for the recently privatized airports at Ahmedabad, Lucknow, Mangaluru, Jaipur, Thiruvananthapuram, and Guwahati.