Gautam Adani’s net worth in 2022 could surpass Buffett and Gates

0

More than 115% jump in the Adani green energy since the beginning of the year, the stock has caused a sharp increase in the wealth of the Indian billionaire Gautam Adani – putting it within a few billion dollars of exceeding Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) Chairman warren buffet and Microsoft Corporation MSFT co-founder Bill Gates.

Shares of conglomerate Adani have seen a massive rally on Indian stock indices since the COVID-19 pandemic took a wild turn in 2020 in India. One of the biggest multi-baggers for its investors was Adani Green Energy stock, whose market capitalization approached $59 billion (Rs. 4,48,050 crore) – making it the 10th most valuable listed company in India.














Top 10 richest people in the world
Billionaires Net value
Elon Musk $259 billion
Jeff Bezos $180 billion
Bernard Arnault $142 billion
Bill Gates $130 billion
warren buffet $125 billion
Gautam Adani $118 billion
Larry Page $116 billion
Sergey Brin $111 billion
Steve Ballmer $101 billion
larry ellison

$100 billion

According to Bloomberg’s Billionaires Indexbillionaire industrialist and self-taught Indian philanthropist Gautam Adani – founder of Adani Conglomerate – was sixth on the global list of billionaires, with a wealth of $118 billion. He was also the only Indian billionaire in the top 10, while Trust Industries Limited Chairman and Billionaire Mukesh Ambani was eleventh.

Buffett, who is right in front of him, has a net worth of around $125 billion, and Gates’ wealth is valued at $130 billion by Bloomberg. Tesla Inc. TSLA CEO Elon Musk is the richest person in the world with 259 billion dollars.

What brought the rally in its stock: Of the 115% rally, nearly 29% has come in the past five trading sessions. According to Adani Green Energy’s Indian stock exchange disclosure, its total operational capacity jumped 56% year-on-year to 5,410 MW in the quarter ended March 31. While at the same time, its energy sales increased 84% to 2,971 million units from 1,614 million units in the same period last year.

The energy arm of the conglomerate also informed the exchanges of the new investments to come. “Initiate an intergenerational relationship with the Abu Dhabi-based Adani Group PJSC International Holding Company (IHC) will invest around $500 million (₹3,850 crore) as core capital in AGEL. This will help deleverage the balance sheet, strengthen the credit rating profile, thereby helping to lower the cost of capital and support future growth,” he said.

Photo: Courtesy of Wikimedia

Share.

Comments are closed.