Being Fifth Richest In The World, Does Adani’s Wealth Help Small Investors?

| Updated: April 25, 2022 7:23 pm

Billionaire Business tycoon Gautam Adani has surpassed Berkshire Hathaway Chairman and CEO Warren Buffet to become the fifth richest person in the world. Adani achieved this feat on friday as at the time of the market closing his net worth was $123.7 billion, $ 2 billion more than Warren Buffet whose net worth stood at $121.7 billion. 

Number one in the list of billionaires is SpaceX founder Elon Musk with a net worth of $269.7 billion. 

No.List of Billionaires Company Name Net Worth(Billion $)
1Elon Musk SpaceX, Tesla  269.7
2Jeff Bezos Amazon 170.2
3Bernard Arnault LVMH167.9
4Bill Gates Microsoft 130.2
5Gautam Adani Adani Group 123.7 

There are many reputed companies lining up to invest in Adani Group; one such example is the Abu Dhabi-based International Holding Company PJSC (IHC). The group has invested more than $2 billion in three of Adani Group’s portfolio companies: Adani Green Energy (AGEL), Adani Transmission (ATL), and Adani Enterprises. It’s not just big companies who are lining up to invest in the group but small equity investors are also investing heavily in group companies as shares of the group have seen a massive jump in 2022. Adani group’s shares saw a 56.2 percent jump in 2022 which helped him add $43 billion. 

What are the returns in Adani Group?

If you had invested Rs 1,000 in Adani Green Energy, a year ago that amount would have turned into Rs. 2,825 in 1 year. Same way Rs 1,000 invested a year ago would have turned into Rs 2,448 if you had invested in Adani Transmissions. Investment. Investments in Adani Total Gas and Adani Enterprises of Rs 1,000 would have turned into Rs 2095 and Rs 1985 respectively.  

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