Indian business tycoon is 2021's biggest wealth gainer in the world
New Delhi : Indian tycoon Gautam Adani has added more billions to his wealth than any other businessmen in the world.
The wealth of Mr Adani has jumped from $16.2 billion in 2021 to $50 billlion, according to the Bloomberg Billionaires Index. With this he has become the biggest wealth gainer of the year, beating Jeff Bezos and Elon Musk, who have tussled in 2021 for the title of world's richest.
Adani group’s share prices have gone up by around 50 per cent in the year.
"Adani has been consistently expanding its business in areas that are resilient to market cycles," said Sunil Chandiramani, founder and chief executive officer at Nyka Advisory Services. "Now with the entry in data centers business, the group has also indicated its appetite for venturing into technology."
Adani Enterprises Ltd. signed a pact last month to develop 1 gigawatt of data center capacity in India.
Adani Total Gas Ltd. has jumped 96% this year while the flagship Adani Enterprises has advanced 90%. Adani Transmission Ltd. is up 79%. Adani Power Ltd. and Adani Ports and Special Economic Zones Ltd. have gained more than 52% this year. Adani Green Energy Ltd., after rising over 500% last year, is up 12% so far.