Gautam Adani, the Founder and Chairman of the Adani Group, has recently surpassed Mukesh Ambani, Chairman of Reliance Industries, as the richest person in Asia. According to the Bloomberg Billionaires Index, as of June 2, 2024, Gautam Adani stands at number 11 with a net worth of $111 billion, while Mukesh Ambani is at number 12 with a net worth of $109 billion. Adani’s rise to the top spot is attributed to a surge in Adani Group stocks following reports of aggressive expansion plans, including a capital expenditure of $90 billion over the next 10 years.
- Bernard Arnault: CEO of LVMH, the world’s largest luxury goods company, with a net worth of $207 billion.
- Elon Musk: Founder-Chairman-CEO of SpaceX, angel investor, CEO, product architect, and former chairman of Tesla, Inc. His current net worth is $203 billion.
- Jeff Bezos: Founder, Executive Chairman, and Former President and CEO of Amazon. His net worth is $199 billion.
- Mark Zuckerberg: Co-founder and CEO of Facebook. His current net worth is $166 billion.
- Larry Page: Former CEO of Google, with a net worth of $153 billion.
Other Indians on the latest Bloomberg Billionaires Index’s top 50 richest people in the world include Shapoor Mistry and Savitri Jindal. Meanwhile, in other news, Mukesh Ambani and his wife Nita Ambani recently hosted a four-day second pre-wedding celebration for their youngest son Anant Ambani and his fiancé Radhika Merchant. The wedding is scheduled to take place on July 12, 2024, at the Jio World Centre in Mumbai, India.
The Adani Group, founded by Gautam Adani in 1988, is a diversified conglomerate with businesses spanning various sectors. Here are some of the major businesses under the Adani Group:
- Energy & Utilities:
- Adani Green Energy Ltd.: India’s largest integrated solar manufacturing company.
- Adani Solar: Engaged in solar manufacturing.
- Adani Wind: Aspires to be a leading global manufacturer and supplier of state-of-the-art wind turbine components (blades, nacelle, and hub).
- Adani Energy Solutions Ltd.: Involved in power transmission and distribution.
- Adani Total Gas Ltd.: Contributes to India’s vision of a healthier energy mix through gas distribution.
- Adani Power Ltd.: Contributes to India’s energy security through thermal power generation.
- Natural Resources:
- Adani Enterprises Ltd.: Fuels the growth of the Indian economy.
- Defence and Aerospace:
- Enhances the nation’s defence capabilities.
- Airports:
- Turns India’s transit gateways into world-class destinations.
- Water:
- Develops and rehabilitates sewage treatment plants and associated infrastructure.
- Road, Metro, and Rail:
- Builds India’s lifeline transportation infrastructure.
- Data Center:
- Has inherent capabilities to build a network of hyperscale data centers.
- Edible Oils & Food:
- Contributes to a healthy and growing nation.
- Fruits:
- Empowers farmers in Himachal Pradesh.
The Adani Group continues to expand its presence across these industry verticals, balancing growth with goodness and sustainability
