Gautam Adani added $20 billion to his wealth in the past year. That’s nearly 10 times of what other Indian billionaires in the top 10 added cumulatively.
Gautam Adani is the second wealthiest person in India, according to the Bloomberg Billionaires Index. As of 26 March, his net worth was $53.8 billion. In the past, pandemic-ridden year, he’s added 60% to his wealth—the most among the top 10 Indian billionaires.
While Adani has added $20 billion, the other 9 billionaires in the Indian top 10 have added $2.3 billion—cumulatively. During this time and prior, the Adani Group, an infrastructure conglomerate, has been on a buying spree, notably picking up assets in the airports and ports sectors.
Its latest deal, earlier this month, was the Gangavaram port in Andhra Pradesh. The stock market, a measure of net worth here, clearly likes what it sees.