Adani's wealth surges $72.5 billion in 2022, equal to that of nine other billionaires combined!

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Even for a brief while, Indian business tycoon Gautam Adani pipped global wealth magnates Bernard Arnault and Jeff Bezos to become the second richest man on the planet.

Interestingly, if purely speaking in terms of wealth creation, Adani Group’s chairperson tops the list of top-10 gainers, drawing the combined wealth created by his next nine competitors on the list.

Putting it in simple terms, Adani’s wealth gain in 2022 is so massive that the next nine business barons would need to join forces together to combat their top competitor.

According to the data from the Bloomberg index, Adani has added $72.5 billion to his wealth as his fortunes topped the $150 billion mark on Friday. Among other gainers, French logistics leader Rodolphe Saade and family and Swiss-Fintech mogul Guillaume Pousaz have added $12.4 billion and $11.7 billion in the current calendar.
The brother duo of Alain Wertheimer and Gerard Wertheimer, who own the French luxury products maker Chanel, have added $8.9 billion each during the year, followed by US Gasoline mogul Harold Hamm, whose wealth increased by $8 billion.

US-based hedge fund manager Ken Griffin added $7.7 billion to his wealth, whereas Swiss shipping sultan Gianluigi Aponte became richer by $7.2 billion.

US’ Jeffery Hildebrand ($5.9 billion) and Israeli businessman Idan Ofer ($4.6) billion were the other names on the list of top-10 wealth gainers.

The combined wealth of these nine wealth makers is little more than $75 billion, which is marginally higher than Gautam Adani’s wealth addition of $72.5 billion (about Rs 5.78 lakh crore).

Other than Gautam Adani, only Mukesh Ambani, the chairperson of

, managed to increase his wealth on a year-to-date basis. The eight other billionaires have lost between $6 billion to $42 billion.

Adani Group: Seven listed companies
The Adani Group has as many as seven listed companies on the bourses, with a combined market capitalization of over Rs 21 lakh crore, which is more than 7.5 per cent of the entire m-cap of all BSE-listed companies.

The market cap of Adani Group firms has increased by about Rs 10.5 lakh crore, more than double what it used to be a year ago. Of these seven listed companies, five delivered multibagger returns, including

, rising 213 per cent, making its debut in February 2022 at the bourses.
(up 299 per cent),

(up 137 per cent ),

(up 119 per cent) and

(up 110 per cent) are other multibagger stocks from the Adani Group.

and Adani Port & SEZ are up by 76 per cent and 33 per cent on a YTD basis.

On a shopping spree!
The Adani-led conglomerate has been on a shopping spree lately, pursuing a host of mergers and acquisitions of various listed and non-listed companies across the sectors like media, real estate, cement, ports and sports.

The Adani Group is said to acquire a significant stake in


, Quintillion Media, and

, other than a team in UAE’s T-20 cricket league and multiple airports and shipping ports.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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