The Forbes list has become a sort of relay race between Indian billionaires. The world’s fifth and eleventh richest billionaires now belong to India. The continuous race between Adani and Ambani has given one more reason to India for its increasing economic power.
Adani ahead of Ambani
As per the recent Forbes Real-Time Billionaires List, Gautam Adani has jumped to the fifth position among the world’s top billionaires. On the other hand, Mukesh Ambani is at the eleventh position at the time of writing.
Apart from them, the list mentioned Elon Musk as the topmost billionaire in the world with a net worth of $224.6 billion. It was followed by Bernard Arnault ($148.1 billion), Jeff Bezos ($140.0 billion), Bill Gates ($1234.4 billion), Gautam Adani ($103.9 billion), Larry Page ($98.7 billion), Larry Ellison ($97.9 billion), Warren Buffett ($95.9 billion), Sergey Brin ($95.0 billion), Steve Ballmer ($87.7 billion), and Mukesh Ambani ($87.3 billion) in the tenth position.
The list came into the limelight after Gautam Adani’s company shares received a boost and further increased his net worth. His net worth was recorded as $103.9 billion. Through this, it can be seen that Adani beat Ambani by $16.6 billion.
Gautam Adani-led Adani Group has been continuously rising up the ladder in every domain, right from green energy, defence, airports or aviation, logistics, data, water, gas, and mining, to real estate. Gautam Adani has been operating his businesses relentlessly.
Adani’s incessant growth
The Adani group has been under the spectrum of incessant achievements for a long time. The FMCG Company, Adani Wilmar has recorded growth of nearly 190 per cent to Rs 66,427 crore. Apart from this, comparing India’s other power projects with Adani’s thermal power project; it can be evident that it is already at least 7 percent less emission-intensive. Adani’s plant is among the most emission efficient in the world.
The Adani group has also built India’s largest commercial port over the last two decades. The group has over 12 ports and terminals. Adani Ports and Special Economic Zone Ltd. is India’s largest commercial port operator and integrated logistics player with a capacity of 498 million metric tonnes per annum. It is further planning to take 40 percent of the country’s trade market by the year 2025.
According to Business Standard, Adani Group has recorded a significant growth in terms of revenues and profits since 2014. In the year 2014, its revenue was Rs. 56,902.6 crores, with a net profit of around 1000 crores. In 2017 it marked in the negative level of Rs. 2000 crores as net profit. After this drastic decline, it jumped to a net profit of Rs. 7,064.9 crores in 2021, registering revenue of Rs. 69,839 crores.
After the arrival of Prime Minister Narendra Modi in 2014, India has witnessed drastic growth in almost every area. Various government initiatives like Aatma Nirbhar Bharat, Make In India, and many more have expanded the horizons of the business world in India.
Gautam Adani seems to be working with the same idea, to take India to newer and greater heights. His continuous efforts of investing in sectors that are crucial in developing the Indian economy can be an evidence of it.
With this, TFI’s prediction has once again come true. Our analysis that Gautam Adani will soon leave Mukesh Ambani miles away seems to be true now.
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