2020 was not bad for everyone: a little-known businessman raised his capital at a record

Indian tycoon Gautam Adani has grown his fortune billions more than anyone else in the world this year, amid investor buzz around his power and port conglomerate. The publication told about this in more detail. Bloomberg.

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According to the Bloomberg Billionaire Index, Adani's net worth grew by $ 2020 billion during 16,2 and amounted to almost $ 2021 billion at the beginning of 50. This made him the largest multiplier of last year's fortune. In this regard, he bypassed even Elon Musk, who, together with Jeff Bezos, are fighting for the title of the richest man in the world. All but one of Adani's shares are up at least 50% this year.

The billionaire's wealth growth exceeds the $ 8,1 billion earned by his compatriot and the richest man in Asia, Mukesh Ambani. It also underlines the growing weight of the billionaire who has attracted investments from Total SA to Warburg Pincus. Adani is rapidly expanding its conglomerate to include ports, airports, data centers and coal mines in India.

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“Adani is continuously expanding its business in areas that are resilient to market cycles,” said Sunil Chandiramani, Founder and CEO of Nyka Advisory Services. “Now that Adani has entered the data center business, he has also expressed his desire to get into technology.”

Last month, Adani Enterprises Ltd. signed an agreement to expand data center capacity by 1 gigawatt in India.

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Adani Total Gas Ltd. is the leading company in the group, its value has jumped nearly 97% this year, while its flagship Adani Enterprises has risen 87%. Adani Transmission Ltd. increased by 77%. Adani Power Ltd. and Adani Ports and Special Economic Zone Ltd. have jumped in price by more than 50% this year. Adani Green Energy Ltd. after rising in price by more than 500% in 2020, it has so far added 10% to its value.

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