Gautam Adani, the chairman of Adani Group, has added the highest amount of wealth in 2021 so far and is now on the list of the Top 20 richest people around the world. According to Forbes, as of March 2021, his net worth is estimated to be around $59.9 billion.
During the pandemic, Adani gained around $26 billion taking his total net worth to $59.9 billion as of today, as per Bloomberg Billionaires Index. With this surge in his wealth, Adani is now the 20th richest person in the world.
According to the list of highest amount amassed in 2021, Google Co-founder Larry Page and Sergey Brin are ranked second and third with a growth of $14.4 billion and $13.8 billion, respectively to their net worth.
In 2021, Billionaire Warren Buffett's added $12.1 billion to his net worth. Reliance Industries Chairman Mukesh Ambani is the 10th richest person in the world and the richest person in India with a net worth of $84.8 billion. His wealth gain stands at $8.05 billion which is nowhere close to what Adani gained.
Adani having generated the most wealth in 2020 even beat the top 2 world's richest individuals, Jeff Bezos and Elon Musk. While Musk has added $10.3 billion to his net worth so far, Bezos has seen a downturn of 7.59 billion.
Adani was born to a textile merchant and was always keen on business. He started his business life by spurning his father's textile shop to set up a commodities export firm, The Adani Group in 1988. He later diversified his presence in multiple businesses.
From renewable power, ports and terminals to power transmission to airports and gas distribution, they have delved into multiple businesses.
Adani also owns Abbott Point, a controversial coal mining project in Australia, whose Carmichael coal mine is billed as one of the world's largest. His project was given a green light in 2019 after 9 years of waiting.
Amidst the pandemic, the shares of many of Adani's companies have surged adding to his wealth. In just one year, the share prices of Adani Enterprises have increased over four-fold and the stock price of Adani Ports and Special Economic Zone have doubled during the period.
This year, Adani Enterprises shares have gained over 87 percent, Adani Total Gas have surged nearly 97 percent, while Adani Ports and Special Economic Zone shares have gained over 50 percent.
Just last month, Adani Enterprises expanded into new ventures and formed a joint venture with EdgeConneX, a global data center operator to provide data center solutions in India.
Gautam Adani is the president of the Adani Foundation, founded in 1996, which is funded through the Adani Group. The Foundation operates in many states including Gujarat, Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh, and Odisha.
In March 2020, his foundation contributed ₹100 crores to the PM CARES Fund to help fight the COVID outbreak, ₹5 crores to the Gujarat CM Relief Fund, and ₹1 crore to the Maharashtra CM Relief Fund.
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