According to the Bloomberg Billionaires Index, Gautam Adani, a diversified business magnate who has recently been betting big on clean energy, has become the richest man in Asia, putting his net worth at $88.5 billion, surpassing that of Mukesh Ambani. K is a little over $87.9 billion. , With this, Adani has joined the club of 10 richest people in the world. According to Bloomberg estimates, his wealth increased by about $ 12 billion last year.
A few years ago, a coal project of the Adani Group was under criticism, its Carmichael mine in Australia was in the shadow of controversy. In line with the Indian government’s pursuit of a reduction in carbon exhaust, the group’s infrastructure expansion and green turning increased the value of the billionaire’s equity holdings. Shares of Adani Green and Adani Total Gas have gained over 1,000% since the start of 2020, while the shares of Adani Enterprises and Adani Transmission have gained 730% and 500%, respectively. Adani companies are not very widely owned, however, their public floats are smaller than investors would expect from such a large business conglomerate. This, of course, could change over the years.
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