After a rollercoaster of a year that began with a nightmare when Hindenburg?Research¡¯s report rattled the?Adani group in January 2023, the conglomerate¡¯s chairman, Gautam Adani,?is finally rejoicing.?
The billionaire¡¯s?Adani group?not only scored a big win in early 2024 when the?Supreme Court ruled in its favour, but it also announced the decision to invest more than ?2 lakh crore in?Gujarat?over the next five years, which exhibits confidence in its outlook for the upcoming future.?
The conglomerate¡¯s billionaire chairman,?Gautam Adani, who was once the world¡¯s third richest person with a net worth of more than $140 billion, has seen his wealth rise in the last three to four years, and it currently stands at about $96 billion,?about a year after the?Hindenburg?research¡¯s report led to his wealth bleeding heavily. However, his?net worth?is expected to recover that damage pretty soon, with Adani Group¡¯s stocks on the rise in recent weeks and months.
But?how does the billionaire earn his billions of dollars? What comprises his current?$96 billion?net worth? Let's find out.
As per the Bloomberg billionaire index,?Gautam?Adani?currently has a net worth of $96.8 billion, which makes him the 14th richest person in the world (as of January 11, 2024). The bulk of Gautam Adani's wealth comes from his stakes in six publicly traded companies that are part of the Adani Group.
Those six Adani group companies in which the billionaire's stakes help form his mammoth?net worth are Adani Enterprises (73%); Adani Power (70%); Adani Total Gas (37%); Adani Energy Solutions (73%); Adani Ports (66%); and Adani Green Energy (56%). Each of the companies is publicly traded on India's stock exchanges.
Among his biggest stakes are: stake in Adani Group's flagship firm, Adani Enterprises, worth $30.8 billion; stake in?Adani Total Gas, worth $5.3 billion; stake in?Adani Energy Solutions, worth $11.1 billion; stake in?Adani Ports,?worth $20.2 billion; and?stake in Adani Green Energy, worth $17.9 billion. As per Bloomberg, Adani's net worth also includes about $3 billion in miscellaneous liabilities.
Also Read:?List Of?All?Companies?That Come Under?Adani?Group
Here's the list of?all ten companies?under the?Adani group?that are currently listed on India's stock exchanges.
1. Adani Enterprises
2. ACC Ltd?
3. Adani Green Energy
4. Adani Ports & Special Economic Zone
5. Adani Power
6. Ambuja Cements
7. Adani Total Gas
8. Adani Wilmar
9. Adani Energy Solutions
10. NDTV
Also Read:?Meet Nathan?Anderson, The Man Behind Hindenburg Report
For the latest and more interesting financial news, keep reading Indiatimes Worth.?Click here.