CM – How Gautam Adani’s bet on green energy helped him outperform Mukesh Ambani in personal wealth


Excellent returns from group companies drive Adani’s fortunes up; Adani Green Energy achieves high returns. In the recent past, Adani’s net worth has skyrocketed and to date, nearly $ 55.3 billion has been added to his cat in 2021.

Gautam Adani, chairman of the Adani Group, overtook on Wednesday the 24.

The $ 15 billion call for the Aramco deal caused RIL’s share prices to decline. In fact, RIL’s share price was under pressure last week when reports of the abandonment of the Aramco deal emerged.

Last month, RIL’s share price corrected over 9 percent after hitting a record high in October of 2,751.35 rupees, eroding Ambani’s wealth.

Ambani has been the richest Indian since June 2015. However, this is not the first time Ambani has been dethroned from the top. In 2015, Sun Pharma’s Dilip Shanghvi was at the top largely due to his stake sale in Sun Pharma. (That was also a Wednesday; March 4th, 2015). Ambani’s challenger this time around is none other than Gautam Adani.

However, on November 25th, Ambani was again at the top of the Bloomberg Billionaires Index (a daily ranking of the richest people in the world). According to the index, Ambani retains the top position in Asia and is number 12 in the world with $ 89.7 billion on November 25th. This is because RIL shares rose 6.02 percent on the November 25th list of world billionaires, just below Ambani at $ 89.1 billion on November 25th.

Adani, the second richest Indian on the list, the wealth gap with Ambani has quickly closed in light of the rising equity value of its group companies. In the recent past, Adani’s net worth has skyrocketed and to date, nearly $ 55.3 billion has been added to his cat in 2021. In the same period, Ambani added just $ 13 billion, according to Bloomberg.

Let’s take a closer look at the financials of the Adani Group’s listed companies and how he made such fortunes with his companies.

Adani’s big one Green energy bets pay off. Adani Green Energy is the group’s renewable energy division with a portfolio of wind and solar power plants. The company takes advantage of the growth opportunities as part of the government’s Green Energy Mission. It has aligned its goals with the government’s environmental goal of becoming a carbon-free country in the near future.

Adani Green Energy split from its parent company in 2018 and has picked up speed since then. Over the past three years, the company’s shares have achieved astronomical returns of 2,826.77 percent.

Adani Total Gas and Adani Enterprises returned 1,506 percent and 1,021 percent, respectively, over the same period. In the last year alone, Adani Transmission is up 454%. Of the six publicly traded companies in the Adani Group, four posted higher triple-digit returns last year.

On Thursday, November 25, 2021, Adani had total assets of $ 89.1 billion, just 0, according to the Bloomberg Billionaire Index . $ 6 billion less than Ambani’s estimated total assets of $ 89.7 billion. Tesla’s Elon Musk ranks first on the Bloomberg Billionaire Index, while Amazon’s Jeff Bezos ranks second.

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