Gautam Adani made Rs 1,612 crore a day in 2021, says study

Adani was well ahead of Mukesh Ambani, chairman of Reliance Industries (Mukesh Ambani & family), whose fortune increased 11% over the previous year

September 22, 2022 11:06 IST | India Infoline News Service
Gautam Adani topped the IIFL Wealth Hurun India Rich List 2022 and made Rs1,612 crore per day in 2021, making him the second richest person in the world. According to the survey, Gautam Adani and his family's fortune is estimated to be an astonishing Rs10.94 trillion, up 15% from the previous year.
Adani was far ahead of Mukesh Ambani, the chairman of Reliance Industries (together with his family), whose fortune increased by 11% in the previous year to Rs7.95 trillion, according to the IIFL Wealth Hurun India Rich List 2022. Kaivalya Vohra, the creator of Zepto, is the youngest person on the list at 19 years old and is projected to be worth $1 billion.

According to Hurun India, Gautam Adani's fortune increased by Rs 5.89 trillion or more, or more than 116%, in the previous year. The wealth of the first-generation entrepreneur has grown by 1440% during the past five years. The market capitalization of the seven publicly traded businesses that make up the Adani group and bear the industrialist's name has grown dramatically over the previous several years. The mining-to-energy behemoth has pledged to spend $70 billion on green energy and emerge as the biggest generator of renewables globally.

The results indicate that Radhakishan Damani & family grew their wealth by 3.8 times in five years, followed by Gautam Adani & family, who grew their wealth by 15.4 times in five years, Vinod Shantilal Adani & family, who grew their wealth by 9.5 times, Shiv Nadar, who grew their wealth by 5 times, and Gautam Adani, who grew their wealth by 5 times.
In all, 1,103 people had wealth of Rs 1 billion, an increase of 96, or a 62% rise over the previous five years. According to a Hurun India survey, only 0.6% of the wealthy on the list are under the age of 30, while more than 82% of the billionaires on the list are above the age of 50.

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