From a commodities trader to India’s second wealthiest person

After spending two decades building a business empire centered around coal, Indian billionaire Gautam Adani is now looking beyond the fossil fuel to cement his group’s future:

Adani has emerged as India’s infrastructure king , diversifying from mines, ports and power plants into airports, data centers and defense ,, sectors Modi considers crucial to meeting India’s economic goals:

Investors are rewarding the pivot betting the tycoon’s strategy of dovetailing his interests with the government’s development program will pay off:

The group’s six listed units added a combined 79 billion dollar to their market value in the past year at the height of a pandemic, capping the best 12 months in their history:

That’s the most after the nation’s two biggest business empires, Tata group and Mukesh Ambani led Reliance Industries Ltd:

Blue-chip names including French oil giant Total SE and Warburg Pincus LLC have plowed money into Adanis companies:

After starting out as a commodities trader in the late 1980s, Adani is now richer than Jack Ma and is India’s second-wealthiest person with a net worth of 56 billion dollar:

He added 50 billion dollar to his fortune in the past year, about 5 billion dollar more than Ambani, Asia’s richest man, according to the Bloomberg Billionaires Index:
Adani’s net worth rose more than any other billionaire’s this year: