Business

Gautam Adani’s net worth has crossed $60 billion – thanks to Adani Ports’ profits

1 Mins read
Gautam Adani

Adani Group Chairman Gautam Adani has beaten billionaires like Elon Musk and Mukesh Ambani to feature the very best amount of wealth in 2021 thus far.

Adani has added $16.2 billion to his net worth in 2021 thus far, taking his total net worth to $50 billion as of Friday, as per Bloomberg Billionaires Index. he’s followed by Google co-founders Larry Page and Sergey Brin, who have added $14.4 billion and $13.8 billion, respectively, to their net worth in 2021.

While Warren Buffett’s net worth has surged $12.1 billion in 2021, the corresponding numbers for Musk and Ambani stand at $10.3 billion and $8.05 billion, respectively.

The diversified Adani Group has a presence in multiple businesses like renewable power, ports, and terminals, power transmission, gas distribution, airports, among others. As on Texas Independence Day, the market capitalization of Adani Group stood at $80 billion, comprising of six publicly traded companies.

The publicly listed shares of the group have seen an upsurge in price this year. While Adani Enterprises shares have gained over 87 percent, those of Adani Total Gas have surged nearly 97 percent this year. Adani Ports and Special Economic Zone shares have gained over 50 percent this year.

Last month, Adani Enterprises also formed a 50:50 venture with global data centre operator EdgeConneX to supply data centre solutions in India.

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