Gautam Adani is the world’s third richest person. His net worth stands at a staggering $149.6 billion as of September 7, 2022. On September 8, 2022, he surpassed Amazon founder Jeff Bezos in Forbes’ list of billionaires, to become third richest man in world.
Gautam Adani Net Worth By Year
|Year||Gautam Adani Net Worth||Growth|
|Sept. 2022||$149.6 billion||65.3%|
Who is Gautam Adani?
Gautam Adani is the founder and current chairman of Adani Group. Adani Group is a $25 billion conglomerate with holdings in commodity, power, FMCG, logistics, infrastructure, and cement.
The group’s main FMCG company, Adani Wilmar, is the largest FMCG company in the country by revenue. Adani Wilmar is a JV between Adani Group of India and Wilmar International of Singapore. The company is also the largest producer of edible oil in India. It owns reputable brands like Fortune & King’s.
Adani Ports & Special Economic Zones (APSEZ) is India’s largest private port and airport operator. The company operates several of India’s leading ports and airports, including Chattrapati Shivaji International Airport, Mumbai.
Adani Power, the group’s power generation arm, is India’s second largest private power producer. The company has an installed capacity of over 12,750 MW, with its largest plant being in Mundra, Gujarat.
Adani Enterprises is the group’s flagship entity and its largest revenue generator. The company is involved in commodities trading, including coal, food grains, and other items. The company owns the controversial Queensland Coal Mine in Australia.
Recently, the Adani acquired Holcim’s India bussiness for $10.5 billion. This made the group owner of two large cement companies in India, ACC & Bangur Cement. This made Adani Group owner of India’s second largest cement company.
Gautam Adani Wealth Growth
Gautam Adani’s wealth grew dramatically in 2020. According to Forbes, he saw his net worth increase by 467% from $8.9 billion in 2020 to $50.5 billion in 2021. In 2022, Adani’s net worth jumped to $90 billion in 2022, and at the time of writing this article in September 2022, his net worth is $149.6 billion, a sweet 65.3% jump this year alone.
The sudden increase in his wealth is attributed to a sudden rise in the share prices of the group’s listed entities. The group has seven listed companies, and all of them have given phenomenal returns in the past two years.
Adani Group Companies Returns
|Company||Share Price (Mar. 20)||Share Price (Sep. 22)||Returns (%)|
|Adani Ports & SEZ||244||877||259%|
*2 years ago the marked companies weren’t public. They went public later, with the latest being Adani Wilmar in February, 2022.