Indian Tycoon Gautam Adani Makes Record $16.2 billion in Pandemic Year

Indian tycoon Gautam Adani has added more billions to his wealth than any one else in the world this year.

The wealth gain came on the back of investor excitement around his ports-to-power plants conglomerate, reports NDTV.

Adani is a first-generation entrepreneur who rarely speaks publicly.

According to Bloomberg Billionaires Index, his wealth has jumped $16.2 billion in 2021 to $50 billion.

This has made him the year’s biggest wealth gainer, beating Jeff Bezos and Elon Musk.

Shares of all Adani group stocks, except one, have rallied at least 50% this year.

The surge in wealth dwarfs the $8.1 billion added by Adani’s compatriot and the richest person in Asia, Mukesh Ambani.

It also underscores the rising heft of the self-made billionaire, who has lured investment from Total SA to Warburg Pincus.

Adani has been rapidly expanding his conglomerate.

He has added ports, airports, data centres and coal mines in India.

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