Gautam Adani
| Line 6: | Line 6: | ||
|} | |} | ||
| − | + | ||
| − | + | ||
| Line 27: | Line 27: | ||
Rarely speaks in public. He remained silent in the face of allegations of favouritism made by Modi's rivals Rahul Gandhi and Arvind Kejriwal during the 2014 poll campaign. | Rarely speaks in public. He remained silent in the face of allegations of favouritism made by Modi's rivals Rahul Gandhi and Arvind Kejriwal during the 2014 poll campaign. | ||
| + | |||
| + | =YEAR-WISE DEVELOPMENTS= | ||
| + | ==2020-21: world’s top wealth gainer == | ||
| + | [https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2021%2F03%2F13&entity=Ar03006&sk=4483934A&mode=text BLOOMBERG, March 13, 2021: ''The Times of India''] | ||
| + | |||
| + | Adani world’s top wealth gainer | ||
| + | |||
| + | Gautam Adani has added more billions to his wealth than any one else in the world this year on the back of investor excitement around his ports-to-power plants conglomerate. | ||
| + | |||
| + | The net worth of Adani has jumped $16.2 billion in 2021 to $50 billion, according to the Bloomberg Billionaires Index. This has made him the year’s biggest wealth gainer, beating even Elon Musk, who has tussled with Jeff Bezos in 2021 for the title of world’s richest. Shares of all Adani group stocks, except one, have rallied at least 50% this year. | ||
| + | |||
| + | The surge in wealth dwarfs the $8.1 billion added by Adani’s compatriot and the richest person in Asia, Mukesh Ambani. It also underscores the rising heft of the self-made billionaire, who has lured investment from Total to Warburg Pincus. Adani has been rapidly expanding his conglomerate, adding ports, airports, data centres and coal mines in India, while doggedly proceeding with his controversial Carmichael coal project in Australia. | ||
| + | |||
| + | “Adani has been consistently expanding business in areas that are resilient to market cycles,” said Sunil Chandiramani, founder and CEO at Nyka Advisory Services. “Now with the entry in data centres business, the group has also indicated its appetite for venturing into technology.” | ||
| + | |||
| + | Adani Total Gas has jumped almost 97% this year, while the flagship Adani Enterprises has advanced 87%. Adani Transmission is up 77%. Adani Power and Adani Ports have gained more than 50% in 2021. | ||
| + | |||
| + | [[Category:Biography|G | ||
| + | GAUTAM ADANI]] | ||
| + | [[Category:India|G | ||
| + | GAUTAM ADANI]] | ||
Revision as of 04:44, 25 March 2021
This is a collection of articles archived for the excellence of their content. |
Contents |
A profile
As an industrialist
He has emerged as India's most-talked-about industrialist due to his proximity to PM Narendra Modi. An entrepreneur who made his fortunes in Gujarat, where he worked closely with Modi, he was a part of the PM's business delegation to Japan in August and his trip to the United States in September.
Adani Enterprises shares have risen threefold, Adani Ports by 65.36 per cent and Adani Power by 53.94 per cent since September 2013.
He has set audacious goals for himself, announcing big-ticket moves immediately after the BJP swept the Lok Sabha elections in May 2014. Acquired Dhamra Port in Odisha in May 2014 and a Lanco Infratech power plant in August 2014.
Silent treatment
Rarely speaks in public. He remained silent in the face of allegations of favouritism made by Modi's rivals Rahul Gandhi and Arvind Kejriwal during the 2014 poll campaign.
YEAR-WISE DEVELOPMENTS
2020-21: world’s top wealth gainer
BLOOMBERG, March 13, 2021: The Times of India
Adani world’s top wealth gainer
Gautam Adani has added more billions to his wealth than any one else in the world this year on the back of investor excitement around his ports-to-power plants conglomerate.
The net worth of Adani has jumped $16.2 billion in 2021 to $50 billion, according to the Bloomberg Billionaires Index. This has made him the year’s biggest wealth gainer, beating even Elon Musk, who has tussled with Jeff Bezos in 2021 for the title of world’s richest. Shares of all Adani group stocks, except one, have rallied at least 50% this year.
The surge in wealth dwarfs the $8.1 billion added by Adani’s compatriot and the richest person in Asia, Mukesh Ambani. It also underscores the rising heft of the self-made billionaire, who has lured investment from Total to Warburg Pincus. Adani has been rapidly expanding his conglomerate, adding ports, airports, data centres and coal mines in India, while doggedly proceeding with his controversial Carmichael coal project in Australia.
“Adani has been consistently expanding business in areas that are resilient to market cycles,” said Sunil Chandiramani, founder and CEO at Nyka Advisory Services. “Now with the entry in data centres business, the group has also indicated its appetite for venturing into technology.”
Adani Total Gas has jumped almost 97% this year, while the flagship Adani Enterprises has advanced 87%. Adani Transmission is up 77%. Adani Power and Adani Ports have gained more than 50% in 2021.
