Indian tycoon Gautam Adani has added more billions to his wealth than anyone else in the world in 2021. His net worth has jumped $16.2 billion in 2021 to $50 billion, according to the Bloomberg Billionaires Index.
With this, he becomes the year’s biggest wealth gainer, leaving behind even Amazon’s Jeff Bezos and Elon Musk of Tesla, who have tussled in 2021 for the title of world’s richest. 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.
Adani has been rapidly expanding his conglomerate, adding ports, airports, data centers and coal mines in India, while doggedly proceeding with his controversial Carmichael coal project in Australia. Adani Enterprises Ltd. signed a pact last month to develop 1 gigawatt of data center capacity in India.
Adani Total Gas Ltd. has jumped 96% this year while the flagship Adani Enterprises has advanced 90%. Adani Transmission Ltd. is up 79%. Adani Power Ltd. and Adani Ports and Special Economic Zones Ltd. have gained more than 52% this year. Adani Green Energy Ltd., after rising over 500% last year, is up 12% so far.