Indian tycoon Gautam Adani is close to becoming the richest man in Asia in the Bloomberg Blainer Index.
As stocks of its companies rose on Wednesday, Indian news outlets began to rank it first.
Adani, who dropped out of college, worked as a diamond sifter and survived kidnappings and terrorist attacks.
This has been a good year for Gautam Adani.
The port tycoon, who hails from India, saw his fortune increase by .3 55.3 billion (U AU77) billion in 2021, according to the Bloomberg Billionaires Index, which ranked Zhong Shanshan, China’s richest man, third after measuring Asia. ۔ The richest billionaire
Adani, 59, now sits at مجمو 89.1 ($ 124) billion, according to the index. That embarrasses Mukesh Ambani, the $ 800 (1 1,112) millionaire, the richest man in Asia and India.
On Wednesday, Adani came close to claiming the number one spot as shares of Adani Enterprise and Adani Ports rose 2.76% and 4.59%, while Ambani’s companies, Reliance Industries and Reliance Industries Infrastructure, stocks Prices fell 1.48% and 1.57%. , Indian outlet APB News reported.
Many local media outlets now call Adani the richest man in Asia, even though he is the second richest person in the Bloomberg index as of Thursday.
Adani has business interests in energy, defense and real estate, and owns 74% stake in India’s largest commercial port, one of the world’s largest coal mines, and at Mumbai International Airport. And he has come a long way since leaving college and being a money seller.
Diamonds, exports and loans.
Born in Ahmedabad in 1962 as one of eight children, Adani was the son of a textile merchant but refused to start his father’s business, according to Silicon India.
Instead, he enrolled to study Commerce at Gujarat University in Ahmedabad, but chose to work as a diamond sorter in Mumbai in the early 1980’s, according to Business Today magazine. After the second year, he dropped out of school.
Adani then moved on to Diamond Trading and finally started his own business, Adani Enterprises, in 1988 to import and export commodities, the Financial Times reported in an interview with him.
The FT reported that it would use the profits from its business to repay heavy debts so that it could enter other industries.
According to the Times of India, Adani obtained permission from the Gujarat government in 1995 to open a port in the town of Mundra. It eventually became the largest private port in India.
Since becoming Gujarat’s chief minister in 2003, Adani, an ally of Indian Prime Minister Narendra Modi, has been criticized for his rise to fame and fortune for supporting the national leader. In an interview with FT, he denied that his business success came from his political affiliation.
A terrorist attack and a 2 US2 (U AU3) ransom
According to The Indian Express, in 1998, Adani accused several men of kidnapping him and a colleague, Shanti Lal Patel. He alleged that he and Patel were traveling in a car on New Year’s Day when a scooter stopped them, which led to a group of men abducting the couple at gunpoint in a van.
The report filed against them states that they demanded تا 2 (U AU3) ransom from Adani’s family, and according to the Indian Express, he and Patel were released after sending money. ۔ According to Times Now India, however, two of the gangsters brought for trial were acquitted of the case in 2018, while six others were acquitted in 2015 as prosecution linked them to kidnapping. Could not
Adani doesn’t like to talk about the incident, according to FT, telling the outlet: “There have been two or three very tragic events in my life, this is one of them.”
The second threat came a decade later, during the 2008 Mumbai terror attacks, when ten heavily armed Pakistani militants laid siege to the city for 60 hours, killing 166 people.
India Today reported that Adani was eating at the Taj Mahal Luxury Hotel when the siege occurred and said he could see militants entering the building from his desk.
He hid in a basement with the help of hotel staff, and later moved to a chamber hall upstairs as the attack continued through the night. When commandos stormed the hotel the next day, and Adani was taken to safety, he told India Today that he had “seen death only 15 feet (4.57m) away.”
He said more than 100 people were hiding with him at the time. “Some were hiding under the sofa while others had taken such a ridiculous position. Sitting on the sofa I was telling them to believe in God.
In 2018, he wrote a commentary on the attack on the Indian Express, stating that the anniversary of the attack was a “day of personal reflection and prayer” for him every year.
“One of the lives they saved that night was mine. I still remember some faces – the people I will never know, the people I will never be able to bring back,” he wrote. “I often get the impression that this is God’s way of keeping me grateful and indebted.”
Adani Group has been contacted for internal comment.