#adani net worth

[aisleopedia]

Adani group stocks surf on Modi wave! Rs 1.4 lakh crore market cap added as exit polls predict NDA win

Adani Group Stock Prices today: On Monday, the shares of Gautam Adani's multi-billion dollar conglomerate experienced a significant rally, with gains reaching up to 16%. This surge followed the unanimous predictions by exit polls that Prime Minister Narendra Modi will secure a record victory in the Lok Sabha election results on Tuesday. Read More..

[rightnewshindi]

अडानी ग्रुप के चेयरमैन गौतम अडानी को नेटवर्थ में आई भारी गिरावट, एक दिन में डूबे करोड़ों रुपए

अडानी ग्रुप के चेयरमैन गौतम अडानी को नेटवर्थ में आई भारी गिरावट, एक दिन में डूबे करोड़ों रुपए

Delhi News: भारत की दूसरी सबसे अमीर व्यक्ति गौतम अडानी की नेटवर्क में मंगलवार को बड़ी गिरावट देखने को मिली है। ब्लूमबर्ग बिलियनेयर्स इंडेक्स के मुताबिक अडानी ग्रुप के चेयरमैन गौतम अडानी की नेटवर्थ में मंगलवार को भारी गिरावट हुई है। अडानी ग्रुप के चेयरमैन की नेटवर्थ मंगलवार को 2.04 अरब डॉलर नीचे गिर गई है। अडानी ग्रुप के लिए ये बड़ा झटका है। बता दें कि डॉलर की इस राशि को रुपये में बदलने पर 16,900…

[telugutimesdigimedia]

Shock for Gautham Adani.. in 24 hours

Billionaire, founder of Adani Group, Gautam Adani has fallen to the fourth position from the list of world's richest people. In the latest Bloomberg Billionaires Index, Adani has moved from the third position on the list to the fourth position. In the last 24 hours, Adani's net worth has fallen to $872 million. Adani lost $683 million in wealth since January 24, 2022 last year.

[livemintvideos]

Mukesh Ambani and Gautam Adani, two of India's biggest businessmen, are about to invest roughly $70 billion each by the end of this decade to make green hydrogen affordable, including renewable energy plants, large-scale photovoltaic cell manufacturing, electrolyzers, storage, and transportation facilities, and other components of the hydrogen ecosystem. The government declared it would cover the cost of renewable energy used to create hydrogen at a location other than the source of the power.

[buindia]

Gautam Adani Richest Person in India; Here’s How

Gautam Adani richest person in India with an impressive net worth of Rs 12 lakh 23 thousand crores. Know more about him and his company.

Read More...

[ausark-media]

Gautam Adani Net Worth 2022: Richest Man in Asia

#adani #networth #elonmusk

Gautam Shantilal Adani, an Indian business magnate, was born on June 24, 1962. He is the founder and chairman of the Adani Group, a large corporation with offices in Ahmedabad that builds and manages ports all throughout India. [1] Adani also oversees the Adani Foundation, which is primarily managed by his wife, Priti Adani. As of September 23, 2022, Gautam Adani has a net worth of US$149.8…

[sageglobalresponse]

Full list of Forbes’ 25 world billionaires in 2023

American business magazine, Forbes, in its 2023 list of 25 richest people in the world, featured Bernard Arnault on the No. 1 spot, followed by Twitter Chief Executive Officer, Elon Musk.

In its previous list in 2022, Musk was on the No. 1 spot.

Forbes described the drop of Musk from the top spot as ” this year’s second-biggest loser”, adding that “Elon Musk, had it worse.”

For Jeff Bezos, fortune knocked him from number. 2 in the world in 2022 to No. 3 this year as Amazon shares crashed by 38 per cent.

So This Happened (202) Reviews Lagos Bizman’s Arraignment Over Wife’s Death, Others | Punch

Musk lost his title of the world’s richest person after his pricey purchase of Twitter, which he funded in part by the sale of Tesla shares, helping to spook investors. Musk, who is worth $39 billion less than a year ago, is now No. 2.

For Jeff Bezos, fortune knocked him from number. 2 in the world in 2022 to No. 3 this year as Amazon shares crashed by 38 per cent.

Also, among the top 25, two billionaires — Zhang Yiming, Changpeng Zhao lost their spots and were unable to make it on the list for this year.

Yiming, the founder of Tik Tok-parent Bytedance, dropped one place, from No. 25 to No. 26, as his embattled company has taken a haircut from investors while Zhao, Binance founder, known as CZ, fell from No. 19 last year all the way to No. 167 amid the crypto winter.

Below are the list of Forbes 25 richest people in the world in 2023 with their net worth

1. Bernard Arnault & family

(Net worth: $211 Billion | Source of Wealth: LVMH | Age: 74 | Citizenship: France)

2. Elon Musk

(Net worth: $180 Billion | Source of Wealth: Tesla, SpaceX | Age: 51 | Citizenship: U.S.)

3. Jeff Bezos

(Net worth: $114 Billion | Source of Wealth: Amazon | Age: 59 | Citizenship: U.S.)

4. Larry Ellison

(Net worth: $107 Billion | Source of Wealth: Oracle | Age: 78 | Citizenship: U.S.)

5. Warren Buffett

(Net worth: $106 Billion | Source of Wealth: Berkshire Hathaway | Age: 92 | Citizenship: U.S.)

6. Bill Gates

(Net worth: $104 Billion | Source of Wealth: Microsoft | Age: 67 | Citizenship: U.S.)

7. Michael Bloomberg

(Net worth: $94.5 Billion | Source of Wealth: Bloomberg LP | Age:81

8. Carlos Slim Helú & family

(Net worth: $93 Billion | Source of Wealth: Telecom | Age: 83 | Citizenship: Mexico)

9. Mukesh Ambani

(Net worth: $83.4 Billion | Source of Wealth: Diversified| Age: 65 | Citizenship: India)

10. Steve Ballmer

(Net worth: $80.7 Billion | Source of Wealth: Microsoft | Age: 67 | Citizenship: U.S.)

11. Françoise Bettencourt Meyers & family

(Net worth: $80.5 Billion | Source of Wealth: L’Oréal | Age: 69 | Citizenship: France)

12. Larry Page

(Net worth: $79.2 Billion | Source of Wealth: Google | Age: 50 | Citizenship: U.S.)

13. Amancio Ortega

(Net worth: $77.3 Billion | Source of Wealth: Zara | Age: 87 | Citizenship: Spain)

14. Sergey Brin

(Net worth: $76 Billion | Source of Wealth: Google | Age: 49 | Citizenship: U.S.)

15. Zhong Shanshan

(Net worth: $68 Billion | Source of Wealth: Beverages, pharmaceuticals | Age: 68 | Citizenship: China)

16. Mark Zuckerberg

(Net worth: $64.4 Billion | Source of Wealth: Facebook | Age: 38 | Citizenship: U.S.)

17. Charles Koch

(Net worth: $59 Billion | Source of Wealth: Koch Industries | Age: 87 | Citizenship: U.S.)

18. Julia Koch & family

(Net worth: $59 Billion | Source of Wealth: Koch Industries | Age: 60 | Citizenship: U.S.)

19. Jim Walton

(Net worth: $58.8 Billion | Source of Wealth: Walmart | Age: 74 | Citizenship: U.S.)

20. Rob Walton

(Net worth: $57.6 Billion | Source of Wealth: Walmart | Age: 78 | Citizenship: U.S.)

21. Alice Walton

(Net worth: $56.7 Billion | Source of Wealth: Walmart | Age: 73 | Citizenship: U.S.)

22. David Thomson & family

(Net worth: $54.4 Billion | Source of Wealth: Media | Age: 65 | Citizenship: Canada)

23. Michael Dell

(Net worth: $50.1 Billion | Source of Wealth: Dell Technologies | Age: 58 | Citizenship: U.S.)

24. Gautam Adani

(Net worth: $47.2 Billion | Source of Wealth: Infrastructure, commodities | Age: 60 | Citizenship: India)

25. Phil Knight & family

(Net worth: $45.1 Billion | Source of Wealth: Nike | Age: 85 | Citizenship: U.S.)

[mariacallous]

In January, after New York-based short seller Hindenburg Research released a report accusing Adani Group of accounting fraud and stock manipulation, the Indian conglomerate defended itself by appealing to nationalism. “This is … a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India,” the group said in a 413-page response refuting the allegations.

It is no surprise that Adani Group tied itself to India’s “growth story.” The industrial empire of Gautam Adani, the group’s founder, has been key to Prime Minister Narendra Modi’s vision for India, which centers on big infrastructure projects as drivers of growth. In turn, Adani’s support for Modi’s nation-building plans, from airports to green hydrogen plants, has propelled his conglomerate’s meteoric rise. From 2014 to December 2022, Adani Group’s market capitalization soared from $6.5 billion to more than $223 billion.

Hindenburg’s report triggered a sudden reversal, however. The value of Adani Group’s publicly traded stocks soon fell by more than half—a rout that has continued a month after the report’s release. Modi has chosen to remain quiet about the affair, even as it has raised serious questions about India’s economy.

If Adani Group seeks refuge from criticism by tying its success to that of India’s, then the converse must also be reckoned with: The collapse of its shares represents a stress test for India’s growth project. It has cast doubt on whether Modi’s strategy of propping up a few favored corporate titans can translate into lasting results on the ground. And, beyond that, whether Modi’s India can deliver on hopes that it could become a driver of global economic growth, as China was for the past three decades.

Modi’s rise has long been intertwined with that of Adani’s. As chief minister of Gujarat from 2001 to 2014, Modi made his name through his so-called Gujarat model of development, with its large infrastructure projects, such as dams, extensive highways, and solar power plants. Adani was critical not just to constructing many of these projects but also to bringing big business around to the idea of Modi as a potential prime minister. After Modi was elected in 2014, he flew from Gujarat to his new home of New Delhi in Adani’s private jet.

As Modi became India’s most popular leader since the republic’s first prime minister, Jawaharlal Nehru, Adani’s business interests expanded. His conglomerate partnered with the government on critical infrastructure projects within India and, increasingly, abroad. Since Modi entered office, Adani’s net worth increased by more than 5,000 percent to $150 billion in September 2022, making him Asia’s richest man before the scandal. His wealth came largely on the back of winning government contracts; expanding into strategic sectors, such as clean energy and defense; and building critical infrastructure projects. For instance, Adani Group secured seven out of the eight airports that the Indian government leased out to private companies. These kinds of contracts, in turn, led to more interest in Adani Group stock from investors.

The government has undoubtedly placed its trust in Adani, but the Hindenburg report could be a stumbling block in Modi’s plans to ensure that India remains the world’s fastest-growing major economy. After the brutal stock rout, the group called off a $2.5 billion share sale and had to delay its expansion plans. A margin call followed, leading Adani to prepay a $1.1 billion loan. Meanwhile, French energy giant TotalEnergies has put on hold a $4 billion investment in an Adani Group green hydrogen project.

Over his tenure, Modi has been unwilling or unable to push through structural reform that would allow more companies to enter new sectors without significant risk-taking. He therefore has no option but to depend on national champions, such as Adani. But even among Indian billionaires, Adani is unique. Very few businesspeople enjoy the government’s confidence, can navigate dizzying state regulation, and, most of all, are willing to risk enormous amounts of capital.

In 2015, Credit Suisse published its House of Debt report, which examined the precarious debt levels of 10 prominent Indian business groups with a significant presence in various infrastructure sectors. Out of the 10 groups, many have ended up in bankruptcy courts in recent years, while others have pursued debt consolidation plans. Only one group—the Adani conglomerate—has continued to borrow and invest at a breathtaking pace.

The Economist has estimated that the combined revenues of companies controlled by Adani and fellow tycoon Mukesh Ambani, chair of India’s Reliance Industries, are equivalent to 4 percent of India’s GDP. Firms controlled by the pair also account for nearly a quarter of the capital spending of all publicly traded non-financial firms.

While many analysts fret over whether Adani Group is too big to fail, the more pertinent question is whether Adani has been too integral to the Indian economic project to fail.

Modi now faces a difficult dilemma. On the one hand, he relies heavily on large infrastructure development delivered by India’s billionaires. For example, Adani plans to develop massive renewable energy projects—and without them, India would find it challenging to fulfill its commitment to meet 50 percent of its energy requirements with renewables by 2030.

On the other hand, if Modi continues to protect Adani—as India’s opposition has alleged—by not addressing Hindenburg’s allegations, he runs the risk of undermining the credibility of India’s corporate governance and, by extension, its growth narrative.

Although India’s financial regulatory institutions are far from perfect, India has an established history of investigating and punishing financial fraud. The Adani Group scandal, however, has cast doubt on the ability of these institutions—such as the Securities and Exchange Board of India (SEBI), the country’s capital markets regulator—to operate independently.

It’s worth asking whether the Adani saga could have been anticipated, investigated, and defused long before Hindenburg came along if watchdogs had done their job.

Consider, for instance, a puzzling question that Hindenburg has sought to address: What explains the mind-boggling rise in the price of many Adani Group stocks? The price-to-earnings ratio of Adani Enterprises, the conglomerate’s flagship entity, went from 37.6 to 343.9 in just two years. But as experts have pointed out, growth of that nature is typically seen in companies in the technology sector, not brick-and-mortar industries.

There could be innocuous explanations, but the fact that the company’s board of directors didn’t examine the issue publicly opened the door for worrying allegations put forth by Hindenburg. In particular, the short seller has alleged that Adani Group’s stocks are being inflated by the conglomerate itself through secretive offshore entities.

This brings us to the question of what India’s stock market and banking regulators were doing. Long before Hindenburg came along, news outlets had pointed to the existence of three Mauritius-based funds that appeared to only invest in Adani Group companies and whose ultimate ownership was opaque. Why weren’t these funds forced to furnish details of their ownership structure at any point in the last few years and nip allegations of “round-tripping” in the bud?

In addition, SEBI continued to sign off on the conglomerate’s fundraising proposals even though the Indian government disclosed in Parliament in 2021 that SEBI had begun a probe to investigate some Adani Group companies over “non-compliance of rules.” It’s unclear what the scope of the SEBI investigation was and whether it has concluded.

For years, India’s beleaguered political opposition has accused regulatory authorities of corruption and raised allegations of crony capitalism, specifically pointing to Adani. But given the opposition’s lack of specific allegations made against SEBI, it seems more likely that the economy and stock market’s overseers are simply indifferent and plagued by inertia. Regardless, these accusations, and the Adani Group controversy, have not hurt Modi’s popularity, thanks in part to his administration’s tight control over the mainstream media.

Yet there may be consequences that stem from outside of India’s borders. It’s possible that global investors will become less bullish on India if they think that Indian business empires won’t be able to build necessary infrastructure or be reined in by domestic regulatory systems. Overseas partnerships and joint ventures could face headwinds as well, just as the Adani-TotalEnergies partnership has.

A fair, independent, and transparent probe into the allegations against Adani Group could ease these fears. Modi has so far ignored demands for one made by opposition political parties. But continuing to do so could very well be damaging to the long-term economic interests of India, and the world, even if it does not hurt Modi politically in the short term.

[adanicase]

The Adani Group is currently one of the richest men in India. He runs the global conglomerate: the Adani Group. The 62-year-old billionaire founded the Adani group in 1988 as a commodity trading firm. It is now one of the biggest global conglomerates in the entire world. The business group has an interest in various business sectors including energy, airport, port, cement, etc. The company is involved in numerous partnerships with some of the major global business groups. It is also a part of various mergers and acquisitions. Although the business group received a setback from Hindenburg Report Adani, the group was once again able to get back to its original situation and carry out its business with full force. 

[amarsikkha]

Top 10 Richest Person in India

India is home to a diverse and rapidly growing economy, which has given rise to numerous billionaires. In this article, we will explore the top 10 richest individuals in India, their sources of wealth, and their contributions to the economy. Understanding these magnates not only provides insight into India’s economic landscape but also highlights the entrepreneurial spirit driving the nation forward.

1. Mukesh Ambani

Net Worth: Approximately $100 billion (as of 2023) Source of Wealth: Reliance Industries

Mukesh Ambani is the Chairman and Managing Director of Reliance Industries Limited (RIL), a conglomerate with interests in petrochemicals, telecommunications, and retail. Under his leadership, RIL has expanded its reach globally, making significant investments in digital services through Jio Platforms. Ambani's innovative strategies have positioned him as one of the most influential business leaders in the world.

Contributions to Economy

Ambani’s initiatives, especially in telecommunications, have revolutionized how millions of Indians access the internet, fostering a digital economy that supports various sectors, from education to e-commerce.

2. Gautam Adani

Net Worth: Approximately $75 billion Source of Wealth: Adani Group

Gautam Adani, the founder and chairman of the Adani Group, has interests ranging from energy to logistics and agriculture. His rise to wealth has been meteoric, largely driven by India's infrastructure boom and the need for renewable energy solutions. The Adani Group is a key player in coal mining, solar power, and port operations, which are vital for India's economic growth.

Contributions to Economy

Adani’s commitment to renewable energy has made him a significant contributor to India’s sustainability goals. His investments in solar energy projects are positioning India as a leader in renewable energy production.

[starbiopic]

Nvidia's CEO Jensen Huang Surpasses Gautam Adani, Net Worth Reaches $106 Billion

In a remarkable rise, Nvidia’s CEO Jensen Huang has overtaken Gautam Adani to claim the 14th spot on the world’s richest people list. The development came after Prime Minister Narendra Modi’s meeting with top industry leaders during his recent US visit, which included a meeting with Huang. Nvidia, a leading global company specializing in AI chips, saw its stock price jump by 4% on Tuesday. This…

[drishtidarshan]

World's First Trillionaire Elon Musk followed by Gautam Adani in 2028: Report

According to a recent report by Informa Connect Academy, Elon Musk is on track to become the world’s first trillionaire by 2027. This achievement is due to his remarkable wealth growth, which has grown at an average annual rate of 110%. Musk is currently the richest person in the world, with a net worth of $237 billion, as reported by the Bloomberg Billionaires Index.  Elon Musk’s move towards…

[mybharatguru]

Adani is the country's first billionaire, surpassing Mukesh Ambani.

Adani has overtaken Mukesh Ambani to become the top billionaire in the country. Adani topped the Hurun India Rich List for 2024, overtaking Mukesh Ambani who was at the top. Gautam Adani, who holds the status of the country’s richest man, has a net worth of Rs 11.6 lakh crore. This is 29 percent more than last year. This list says that there are a total of 334 millionaires in the country.…

[startupcircle]

The Top 100 Richest People in India: A Glimpse into the Nation's Wealthiest

India, a country known for its diverse economy and vibrant entrepreneurial spirit, boasts an impressive list of billionaires who have achieved remarkable success across various industries. The top 100 richest people in India represent the pinnacle of wealth and influence in the country. This blog provides an overview of these individuals, exploring their sources of wealth, their impact on the economy, and the key factors behind their success.

1. Understanding the Wealth Landscape in India

India's economy has undergone significant transformation in recent decades, driven by rapid industrialization, technological advancement, and a burgeoning middle class. This economic growth has created opportunities for entrepreneurs and business leaders to amass substantial wealth. The top 100 richest people in India are a testament to the country's economic dynamism and the success of its business leaders.

These individuals have built their fortunes in various sectors, including technology, pharmaceuticals, retail, real estate, and manufacturing. Their success stories offer valuable insights into the factors that contribute to wealth creation in a rapidly evolving market.

2. Key Figures Among the Top 100 Richest People in India

Here are some notable figures from the top 100 richest people in India list:

Mukesh Ambani: Chairman and largest shareholder of Reliance Industries, Mukesh Ambani is often at the top of India's wealth rankings. Reliance Industries, a conglomerate with interests in petrochemicals, refining, telecommunications, and retail, has been a major driver of his wealth.

Gautam Adani: Founder and chairman of the Adani Group, Gautam Adani has seen significant growth in his wealth due to the expansion of his conglomerate's interests in ports, logistics, power, and infrastructure.

Shiv Nadar: The founder of HCL Technologies, one of India's largest IT services companies, Shiv Nadar has made a significant impact on the technology sector. His wealth is closely tied to the success of HCL and his investments in various other ventures.

Ratan Tata: Though officially retired, Ratan Tata remains an influential figure in Indian business. As the former chairman of the Tata Group, his legacy and investments continue to contribute to his substantial wealth.

Cyrus Poonawalla: Founder of the Serum Institute of India, Cyrus Poonawalla has made his mark in the pharmaceutical industry. The Serum Institute is one of the world's largest producers of vaccines, significantly contributing to his net worth.

3. Sources of Wealth

The wealth of the top 100 richest people in India comes from a variety of sources, reflecting the country's diverse economic landscape:

Technology: The technology sector has produced several billionaires in India, with individuals like Shiv Nadar and Azim Premji (founder of Wipro) leading the way. The rapid growth of the IT and software services industry has played a crucial role in their wealth accumulation.

Real Estate: The real estate sector has also been a major source of wealth. Entrepreneurs like Mangal Prabhat Lodha and the Raheja family have built substantial fortunes through their investments in residential and commercial properties.

Pharmaceuticals: The pharmaceutical industry has been a significant driver of wealth for individuals like Cyrus Poonawalla and Dilip Shanghvi (founder of Sun Pharmaceutical). India's status as a global leader in generic drug manufacturing has contributed to their financial success.

Retail: Retail entrepreneurs like Mukesh Ambani and Kumar Mangalam Birla have achieved substantial wealth through their investments in retail chains and consumer goods.

Manufacturing and Industry: Manufacturing and industrial conglomerates, such as those led by the Adani Group and the Tata Group, have been instrumental in the wealth creation of their leaders. Investments in sectors like energy, infrastructure, and metals have contributed to their financial success.

4. Factors Behind Their Success

The success of the top 100 richest people in India can be attributed to several key factors:

Entrepreneurial Vision: Many of these individuals started with a vision and a willingness to take risks. Their ability to identify opportunities and innovate within their industries has been a critical factor in their success.

Strategic Investments: Successful investments in high-growth sectors, such as technology, pharmaceuticals, and real estate, have contributed significantly to their wealth. Strategic diversification and expansion have also played a role.

Adaptability: The ability to adapt to changing market conditions and evolving consumer preferences has been crucial. Entrepreneurs who have embraced technological advancements and shifting economic trends have been able to sustain and grow their wealth.

Leadership and Management: Effective leadership and management skills have been essential for building and sustaining successful businesses. Many of these individuals are known for their hands-on approach and commitment to their companies.

5. The Impact of Wealth on Indian Society

The wealth of the top 100 richest people in India has far-reaching implications for the country's economy and society:

Economic Growth: The investments and business ventures of these individuals contribute to economic growth and job creation. Their enterprises span various sectors, driving innovation and development.

Philanthropy: Many of these billionaires are involved in philanthropic activities, supporting causes such as education, healthcare, and social welfare. Their contributions help address social challenges and improve the quality of life for many.

Influence on Policy: The financial success of these individuals gives them significant influence over economic and policy matters. Their perspectives and interests can shape business regulations and development policies.

6. Challenges and Future Outlook

While the success of the top 100 richest people in India is noteworthy, they also face challenges:

Economic Uncertainty: Economic fluctuations and market volatility can impact their wealth. Adapting to changing economic conditions and global trends is crucial for maintaining their financial success.

Regulatory Changes: Changes in regulations and government policies can affect their businesses. Navigating these changes while staying compliant is a continuous challenge.

Global Competition: The global business landscape is increasingly competitive. Staying ahead of international competitors and embracing innovation is essential for sustaining success.

Despite these challenges, the future outlook for the top 100 richest people in India remains positive. Continued economic growth, technological advancements, and evolving consumer trends present opportunities for further wealth creation and impact.

Conclusion

The top 100 richest people in India are emblematic of the country's economic prowess and entrepreneurial spirit. Their diverse sources of wealth, visionary leadership, and strategic investments have positioned them at the forefront of global wealth rankings. As India continues to grow and evolve, these individuals will play a crucial role in shaping the nation's economic landscape and contributing to its future success. Their stories of success and influence offer valuable lessons for aspiring entrepreneurs and business leaders, highlighting the potential for innovation and growth in one of the world's most dynamic economies.

[adaniaustralia]

This is just two places below his position 2 days ago. The rise in net worth is mainly because of the Adani Group’s extraordinary ventures taken up in multiple business sectors. This includes the Adani Australia project.