Gautam Adani at No. 2 in the Global Rich List 2022; Rs 6,000 Crore added every week last year
Business tycoon Gautam Adani, owner of Adani Enterprises, with a net addition of $49 billion, according to the 2022 Hurun Global Rich List released on Wednesday. Adani Group Chairman has added Rs 6,000 crore every week over the past year, Hurun India said in a press release. According to the list, Adani’s wealth has jumped 153% in the past year.
Improving up to 86 ranks over the past five years, Gautam Adani has become the richest energy entrepreneur on the 2022 M3M Hurun Global Rich List, the press release said.
“Gautam Adani is the biggest earner on the 2022 Global M3M Hurun List and added $49 billion to his wealth last year. After the IPO of renewable energy company Adani Green, Gautam Adani’s wealth increased nearly fivefold to $81 billion from $17 billion in 2020,” he noted. .
“Through Adani New Industries, Adani Group plans to undertake projects in green hydrogen, low-carbon power generation, and manufacturing of wind turbines, solar modules, and batteries,” the note adds. hurry.
Adani has become one of the biggest wealth gainers, in absolute terms, in the world. With a wealth gain of $49 billion, Gautam Adani took the top spot of global wealth gainers in the 2022 M3M Hurun Global Rich List. That’s more than the net addition of wealth by the world’s top three billionaires such as Elon Musk, Jeff Bezos and Bernard Arnault.
Adani Group’s success can also be attributed to a few mergers. Adani Green Energy has acquired SB Energy India at an enterprise valuation of Rs 26,000 crore. This transaction is the largest renewable energy M&A deal in India, according to Hurun India.
Last year, Adani Group also invested an undisclosed amount in Cleartrip Pvt Ltd for a minority stake to provide consumers with a seamless travel experience through a wide range of product and service offerings. In a statement, Adani Group said “it is investing in Cleartrip Private Limited, an online travel aggregator (OTA) and part of Flipkart Group, India’s consumer internet ecosystem.”
Since 2018, the number of billionaires residing in India has almost doubled, in line with the performance of the broader market index, which has increased by more than 80% over the past year. This trend demonstrates that much of the wealth created over the past decade has been created by Indian residents.
“Hurun India is delighted to partner with M3M Group for the Global Rich List. One of the fastest growing real estate developers in India, M3M (and its peers) are playing an important role in nation building through urbanization,” said Anas Rahman Junaid, MD and Chief Researcher at Hurun India.
Hurun India Rich List is a ranking of individuals with a net worth of over Rs 1,000 crore and has become the most comprehensive rich list in India. Over the past decade, the list has grown from 100 people from 10 cities to 1,007 richest Indians from 76 cities.
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