Gautam Adani Joins Elon Musk, Jeff Bezos In Exclusive $100 Billion Club
NDTV
Up almost $24 billion this year, Gautam Adani is the world's biggest gainer and joins nine other members of the elite group.
The centibillionaires club has a new member: Gautam Adani. The Indian tycoon, whose empire includes ports, mines and green energy, is the latest whose fortune reached the $100 billion mark. Up almost $24 billion this year, he's the world's biggest gainer and joins nine other members of the elite group. Fellow countryman Mukesh Ambani, whose net worth first topped that benchmark in October, has now dropped slightly below it to $99 billion, according to the Bloomberg Billionaires Index.
Adani's ascent has been nothing short of spectacular. The college dropout who first made a fortune in the coal industry has amassed almost all of his wealth in the past two years, thanks to a shift to green energy and infrastructure that landed him investments from companies including France's Total SE and Warburg Pincus.
He's also though exploring potential partnerships in Saudi Arabia, including the possibility of buying a stake in the world's largest oil exporter, people with knowledge of the matter said.
His focus on expanding in areas that Indian Prime Minister Narendra Modi deems crucial to nation-building and meeting the country's long-term economic goals is paying off: Some Adani Group stocks have surged more than 1,000% since 2020.
