New DelhiAccording to the Forbes real-time billionaires list, Gautam Adani, chairman of business conglomerate Adani Group, is now the second richest person in the world, overtaking Bernard Arnault of Louis Vuitton.
At the time of writing this report, Gautam Adani had a net worth of US$153.9 billion, while Arnault had a net worth of US$153.7 billion. According to Forbes data, Adani is now behind business magnate Elon Musk.
Elon Musk’s net worth is US$273.5 billion. India’s Mukesh Ambani is at number eight with a net worth of $ 91.9 billion.
Gautam Adani is a first generation entrepreneur and the Adani Group consists of 7 publicly listed entities, which include Energy, Ports & Logistics, Mining & Resources, Gas, Defense & Aerospace and Airports. The group has established a leadership position in India in each of its business areas.
Adani Group is the third largest conglomerate (after Reliance Industries and Tata Group) in India.
The listed companies of the Adani Group are Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Power, Adani Total Gas and Adani Transmission.
Over the past 5 years, flagship company Adani Enterprises has invested heavily in new growth areas which include airports, cement, copper refining, data centers, green hydrogen, petrochemical refining, roads and solar cell manufacturing.
Looking ahead, it plans to enter the telecom sector and has bigger plans to develop green hydrogen and airports business.
Recently, the group also announced plans to set up a 4.1 MTPA integrated alumina refinery and 30 MTPA iron ore beneficiation plant in Odisha, which could cost over Rs 580 billion.
His group has committed US$ 70 billion for green energy infrastructure.
As a corporate social responsibility towards the community, the Adani Group had decided to contribute Rs 60,000 crore towards charitable activities related to health, education and skill development, primarily focusing on rural India, they said in July. Finally told the shareholders at the annual general meeting of the group held. ,
This report is automatically generated from ANI news service. ThePrint assumes no responsibility for its contents.
Read also: USIBC Award for ‘Visionary Leadership’ to Gautam Adani