Inside the crazy rich life of Gautam Adani, the Indian billionaire who beat Mukesh Ambani and Warren Buffett to become the fifth wealthiest person in the world
- Estimated to be worth around US$123.7 billion now, Adani is committed to renewable energy and has stakes in Mumbai International Airport and Softbank
- His Adani Group paid US$52 million for prime residential property in New Delhi and he owns three private jets, three choppers, a Ferrari and Rolls-Royce
Despite his spectacular rise in wealth, little is known about Adani. He has been described as an elusive businessman who keeps much of his private life and spending habits out of the public eye. So who is the man that has captured the world’s attention with his ambitious renewable power plans, limits on his personal life and increasing bank balance? Here’s what you need to know about Adani, the man who beat Ambani in the race to be the world’s wealthiest.
Just how did he get so rich?
Adani dropped out of university and started a commodities export firm in 1988, reported Forbes. By 2008, he was a billionaire.
Adani is the founder of the Adani Group, a conglomerate which focuses on energy and ports. It has six publicly traded companies in India whose shares soar this year, with the highest increasing by 195 per cent.
Adani’s success is a result of him leading aggressive growth strategies into renewable energy, airports and media companies, reported Forbes. The businessman has said he will be focusing on renewable energy and has a goal of investing US$70 billion in the sector.
It was during the Covid-19 pandemic that Adani’s wealth really grew after he bought large stakes in Mumbai International Airport and Softbank’s renewable energy unit in India, according to Forbes.
He paid US$52 million for prime estate in New Delhi
