For years, when we talked about the richest people in India, three prominent figures—Tata, Birla, and Ambani—quickly flashed in our minds.
However, in recent few years, a new, strong business tycoon Gautam Adani has been added to the list. From being a college dropout to becoming the second-richest person in India and Asia, Adani’s journey is fascinating, to say the least. His meteoric rise, particularly, in the past few years, has been a topic of discussion across India as well as the world.
A Staggering Achievement
The veteran businessman from Gujarat, India, has once again grabbed highlights as he became the biggest wealth gainer in the world in the recently announced M3M Hurun Global Rich List 2022. Adani added US$49 billion to his wealth last year, overtaking big names like Jeff Bezos, Elon Musk, and Bernard Arnault. What’s more astounding is that his wealth in the last 10 years has increased by a whopping 1830 percent.
While Adani is quickly rising the ranks on the list of richest people, one question has been constantly showing up.
What are the reasons behind Adani’s growing wealth?
Well, there are different reasons that attribute to Adani’s rise over the years. The Adani Group was established in 1988 providing import and export services. With a core philosophy of ‘nation building,’ the group today has diversified into numerous businesses—known as the Adani Empire. Adani Group’s businesses have spread their wings across the world, which has immensely contributed to Gautam Adani’s overall net worth. Here are the seven listed companies of Adani Group.
| Sr. No. | Name of the Company | Total Valuation |
| 1 | Adani Enterprises | $25.66 billion |
| 2 | Adani Green Energy | $38.87 billion |
| 3 | Adani Ports &SEZ | $20.70 billion |
| 4 | Adani Power | $6.30 billion |
| 5 | Adani Transmission | $35.54 billion |
| 6 | Adani Total Gas | NA |
| 7 | Adani Wilmar | $6.43 billion |
Note: The Valuation may vary with time
A majority of these businesses have been continuously upscaling. Adani Green Energy, in particular, has been a major contributor to Gautam Adani’s increased income. Catering to the rising green energy needs, it has been growing extensively over the past few years. Its acquisition of SB Energy, a joint venture of Softbank Group and Bharti Enterprises can be a testament to the company’s unrivaled growth. Alongside the Adani Group, he has investments in several other companies and mutual funds which are also contributing to his financial growth.
Can Adani Make it to the list of Top 10 Richest People?
With a net worth of $81 billion, Gautam Adani is currently the 12th richest person in the world. Reaching the top of the list might be a distant goal for him right now, but given his staggering growth trajectory over the past few years, we won’t be surprised if he makes it to the top 10 anytime soon!
Read more: Is Ratan Tata Actually A Billionaire?
