India’s Gautam Adani Passes Warren Buffett To Become World’s 5th Richest Person
- Gautam Adani became the 5th richest man in the World passing Warren Buffet on the Forbes List.
- Adani, the richest man in Asia has a net worth of US $123.7 billion ($ 2 billion more than that of Warren Buffet).
- The Founder and Chairman of Adani group with 6 listed companies, which includes port development and operations in India.
Gautam Adani, 59 was already a self-made millionaire at age 20. The Indian billionaire industrialist and philanthropist gradually made it to the top 5 of the Richest Personality of the World as of an update on April 22, 2022.
Gautam Adani VS Warren Buffet
Warren Buffet, 91, is the economic tycoon of all the investors now is beat by Adani in terms of net worth. He has a whopping net worth of $ 121.7 B while Adani’s surpassed his assets by $2 billion.
Buffett is the CEO of Berkshire Hathaway, which has 60 companies under it, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.
Lastly, let’s see if Adani could sustain his position or Buffet will beat him in the race of being The World’s Richest Man.
Gautam Adani Future prospects
According to Adani, India is going to be a $30 trillion economy by 2050 and he says,
“My optimism comes from my belief that no nation in the world. It is as uniquely well placed as India to capitalize on four major vectors that will accelerate development.”
Meanwhile, he continued to say,
“These are the pull from India’s demographic dividend, growth of the middle class, push from the accelerated digital economy and the sustainability-focused economy.”
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Adani Group
The Adani Group was commenced with a capital of INR 500,000 under the idea of import and export in 1988. It began mainly to meet the requirement of Polyvinyl Chloride for pipe production under Adani Export which was later renamed Adani Enterprises.
Today, the world’s one of the leading companies of transmission lines, and green energy. Further, he had also accumulated Reliance Transmission of Ambani worth $168 M. It is revolutionizing gas, petroleum, trading, coal, and edible oils as well.
Likewise, the companies include Adani Enterprises, Adani Green Energy, Adani Ports & SEZ, Adani Power, Adani Transmission, Adani Total Gas, and Adani Wilmar.
Gautam Adani- Controversy
Adani controversy came out during the 2014 General Elections in India. PM Narendra Modi has used the airplanes and his charter flights for election campaigns which shows his strong political support. Also, a retired judge of the Supreme Court has previously spoken against him and accused him of illegal mining.
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