First he became the richest man in Asia. Then his net worth surpassed that of Warren Buffett and Bill Gates. Now he is rapidly moving towards a level of wealth that only Jeff Bezos And Elon Musk, gautam adaniThe climb is, by any measure, nothing short of remarkable. During a year in which many properties around the world have collapsed, their net worth has nearly doubled, rising to $64. 8 billion to $141. 4 billion and makes them the third richest person on the planet, according to the Bloomberg Billionaires Index.
Their rising fortunes are due to a surge in oil and natural gas prices, which propelled the MSCI World/Energy Index total returns to 36% in 2022, compared to an 18.4% loss for the broad gauge of global stocks. , But even in periods of big gains across the industry, adaniU.S. firms are well above the rest, with some stock prices more than doubling this year. Adani Green Energy and Adani Total Gas trade at more than 750 times profit, while Adani Enterprises and Adani Transmission are valued north of 400 times.
By comparison, Musk’s Tesla and Bezos’ Amazon have a price-to-earnings ratio of around 100, while fellow Mukesh Ambani’s Reliance trades at 28 times. Adani has shifted the focus of his group in the direction that PM Narendra Modi sees as critical to meeting India’s long-term economic goals. A representative for the Adani Group declined to comment for this story. Looking at the stock market, Adani’s move has been wildly successful. The shares of some of his companies have risen by more than 1,000% since 2020. This is compared with an advance of around 44% for the Sensex.
Their rising fortunes are due to a surge in oil and natural gas prices, which propelled the MSCI World/Energy Index total returns to 36% in 2022, compared to an 18.4% loss for the broad gauge of global stocks. , But even in periods of big gains across the industry, adaniU.S. firms are well above the rest, with some stock prices more than doubling this year. Adani Green Energy and Adani Total Gas trade at more than 750 times profit, while Adani Enterprises and Adani Transmission are valued north of 400 times.
By comparison, Musk’s Tesla and Bezos’ Amazon have a price-to-earnings ratio of around 100, while fellow Mukesh Ambani’s Reliance trades at 28 times. Adani has shifted the focus of his group in the direction that PM Narendra Modi sees as critical to meeting India’s long-term economic goals. A representative for the Adani Group declined to comment for this story. Looking at the stock market, Adani’s move has been wildly successful. The shares of some of his companies have risen by more than 1,000% since 2020. This is compared with an advance of around 44% for the Sensex.