Gautam Adani becomes world's third-richest person, first Asian to do so
- IBEF
- August 30, 2022
Only a few years ago, few people outside of India had heard of Mr. Gautam Adani. But the Indian businessman, a college dropout who started out as a diamond trader before switching to coal, became the world's third-richest person this week.
Adani, 60, has spent the last few years diversifying his coal-to-ports business, diversifying into industries ranging from data centres to cement, media, and alumina. The business now owns India's largest private-sector port and airport operator, as well as the country's largest city-gas distributor and coal miner. While environmentalists have condemned its Carmichael project in Australia, it committed in November to invest US$ 70 billion in green energy to become the world's greatest renewable-energy generator. Overall, Adani has increased his fortune by US$ 60.9 billion in 2022 alone, five times more than anyone else.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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