Richest Asian Ever Is Worth $121 Billion: Who Is Gautam Adani?

Indian industrialist Gautam Adani is now the richest billionaire in Asia.

Adani has landed the 6th spot on the world’s richest list, with a net worth of $121.7 billion, per Forbes’ data.

He is the only Indian with a net worth of over $100 billion to date. Find out how Adani got rich below.

Adani is a college dropout who founded the Adani Group, which includes a mixture of businesses ranging from power generation and transmission to edible oil to real estate and coal.

The group has six listed companies in India, the most valuable of which is Adani Green Energy Ltd.

Adani also owns Abbot Point, a controversial coal mining project in Australia, whose Carmichael coal mine got billed as one of the world's largest.

In September 2020, Adani Group acquired a 74% stake in Mumbai International Airport.

Adani’s net worth climbed the 12-figure mark after Abu Dhabi’s International Holding Co. invested $2 billion in three of his green energy-focused businesses, namely: Adani Green Energy, Adani Transmission and Adani Enterprises.

Following the announcement, shares of Adani Green Energy jumped nearly 25%. Shares of Adani Transmission and Adani Enterprises also rose by 11% and 3%, respectively.

Adani is now richer than Oracle Corporation founder Larry Ellison, Google co-founders Larry Page and Sergey Brin, and Meta CEO Mark Zuckerberg, who secured the 15th spot with a net worth of $76.8 billion.

He is also richer than Mukesh Ambani, the chair of Reliance Industries. Ambani was previously the richest Asian billionaire. He ranked No. 10 with a net worth of $97 billion.