For the last 3 decades, stock analysts have told long-term investors to put their money in tech stocks. “Tech is the future”, they have been saying. That is why Gautam Adani’s entry into the top billionaire chart can be termed as breaking the glass ceiling. The man will soon become one of the top 3 richest persons in the world.
Adani inches closer to Bezos
According to Forbes Real Time Billionaire list, Gautam Adani, the main catalyst of India’s infrastructure drive, is inching closer to Jeff Bezos. At the time of writing, Gautami Adani’s net worth was $130.1 billion. It is now only $38.1 billion lower than that of American E-commerce and tech giant Jeff Bezos.
Despite the failed Twitter deal, Elon Musk is still sitting comfortably at the top with a net worth of $279.3 billion. Adani’s Desi competitor Mukesh Ambani is at number 10 with a net worth of $93 billion. Larry Page and Sergey Brin are at number 8 and 9 respectively. George Soros, the infamous billionaire known for his attempts to topple governments, is occupying the 230th position on the list.
Few years back, Adani was not even in the race for being Asia’s top billionaire. But, his emphasis on infrastructure has made him what he is today.
Also read: As predicted by TFI, Gautam Adani has left Mukesh Ambani miles behind
The Adani Empire
Adani group has seven listed companies on the stock exchange. It has invested in diverse fields, which are or will be the game changers for the economy and reap multi-fold benefits. Adani Enterprises is India’s largest coal trader, largest coal mining contractor as well as the largest private airport operator. Adani Green Energy is one of the largest solar power developers in the world. It is focused on the green energy demands – Wind and Solar.
Adani Ports and Special Economic Zones is the largest private port operator in India. Adani Power is the largest private sector power generation company in the country. Along similar lines, Adani Transmission is the largest private sector transmission and distribution company.
Adani Total Gas and Adani Wilmar are the largest city gas operators and edible oil brands in the country respectively. The Adani Infrastructure Empire is also present in solar manufacturing, logistics, industrial land, defence and aerospace, fruits, data centres, road and rail, real estate and lending.
Also read: The face of Adani-run airports is all set to change
Stocks are rallying
According to a report by The Economic Times, 4 out of these 7 stocks are now valued at more than 3 lakh crores. The list includes Adani Transmission with a total valuation of 3.9 lakh crores, Adani Total Gas valued at 3.6 lakh crores, and Adani Green Energy valued at 3.4 lakh crores.
With the latest rally in Adani Enterprises, it became the 18th most valued stock on BSE with a total valuation of Rs 3.09 lakh crores. Adani Enterprises is the flagship company of Adani Group and has given 1,867 per cent returns in the past 5 years. In Year-on-Year terms, the return was of 58 per cent.
Also read: Adani thrashes the West, is single-handedly set to make India the superpower in Green Energy
Benefiting from Minimum Government, Maximum Governance
As they say, with great power comes great responsibility. Adani has taken it upon himself to shoulder that responsibility. He has decided to take PM Modi’s infrastructure push to a whole new level. Recently, Gautam Adani himself announced that the business group will invest Rs 70,000 crores in Yogi Adityanath’s Uttar Pradesh.
For this very purpose, Adani has been focussing on eliminating supply-chain bottlenecks by buying stakes in the whole chain. Because it will be a highly centralised chain, there is a fear that the push could lead to corruption and monopoly.
The fears are true, but business is a bit different from governance. Profits rule the rooster rather than appeasement, and henceforth, there are fewer chances of the system getting corroded. This is similar to what the Japanese did with their system in the years after the devastation of the Second World War. The strategy will most likely reap dividends just like it did for the Japanese as well.
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