This surge in wealth of Indians surpasses Elon Musk and Jeff Bezos

Jakarta –

Conglomerate from India, Gautam adani obtained a tremendous surge in wealth during the corona virus pandemic, even more so in wealth than Elon Musk and Jeff Bezos. Adani’s wealth was recorded to have increased by US $ 33.8 billion, equivalent to Rp.473.2 trillion (exchange rate of Rp.14,000 / US $) from last year’s position.

Quoted from The Richest, Saturday (13/3/2021) Adani’s wealth growth came from the strengthening of the stock prices of all the companies he managed during the pandemic, from port issuers to power plants. Except, there is one Adani share whose growth is not more than 50%.

During the pandemic, Adani was swift to expand his wealth, by acquiring various port companies, airports, coal mines, and also developing data centers in India. He is also determined to continue the controversial Carmichael coal project in Australia.

This makes him stand almost equal to the position of the richest man in India, Mukesh Ambani.

When deepened, it contributes to the addition of net wealth Adani most of them come from the technology business. Under Adani Enterprises Ltd., India finally got a data center with a capacity of 1 gigawatt last month. Adani Enterprises grew by around 87%.

Apart from the technology business, other Adani businesses that have shown an increase are Adani Total Gas Ltd., Adani Transmission Ltd., Adani Power Ltd., Adani Energy Ltd., and Adani Ports and Special Economic Zone Ltd.

Adani Total Gas Ltd. up nearly 97% this year, Adani Transmission Ltd. up 77%., Adani Power Ltd. and Adani Ports and Special Economic Zone Ltd grew by more than 50% this year. Adani Green Energy Ltd., after rising more than 500% last year, has so far gained only 10%. The total growth of Adani’s businesses reached more than 321%.

Who the hell is Adani? click next page.

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