Gautam Adani’s fortune surged faster than other billionaires this year

Gautam Adani has made a fortune in ports, renewable energy and logistics. (File)

New Delhi:

Businessman and philanthropist Gautam Adani topped the list of the world’s wealthiest people this year.

Already the third richest person in the world, Gautam Adani tops the 6th annual Bloomberg 50 report, which features people who have made achievements in business, politics, technology, finance and entertainment I’m here.

14 December: “The wealth of India’s richest people has surged more than anyone else this year, making him the third richest person in the world after Bernard Arnault and Elon Musk.

A first-generation college dropout entrepreneur, Gautam Adani started out as a diamond trader in Mumbai and made most of his fortune in ports, renewable energy and logistics.

Bloomberg’s report takes into account Gautam Adani’s $49 billion surge in wealth that helped put him ahead of billionaires like Bill Gates and Warren Buffett.

The acquisition of Swiss cement maker Holcim Ltd, the acquisition of the Indian business for $10 billion, and the acquisition of NDTV Media Group were some of the key business decisions considered to produce the report. In addition, Adani Group has also announced that it will allocate his $70 billion to green energy.

Adani Green Energy Limited (AGEL) is already the world’s largest solar energy producer and is rapidly developing its capacity for other forms of renewable energy generation.

While Gautam Adani has become India’s leading conglomerate with the highest market capitalization, he also leads the philanthropic efforts from the forefront.

Earlier this month, he was declared one of the most generous philanthropists along with Shiv Nadar, founder and honorary chairman of HCL Technologies Ltd. and Ashok Soota, executive chairman of Happiest Minds Technologies Limited. . Featured in the 16th edition of Forbes Asia’s Heroes of Philanthropy.

Gautam Adani, who turned 60 this past June, pledged $7.7 billion to meet health, education and skills development needs across the country.

The fund is provided through the Adani Foundation, which is headed by Priti Adani, wife of Gautam Adani.

(Except for the headline, this article is unedited by NDTV staff and published from a syndicated feed.)