How India’s Gautam Adani Became The World’s Fourth Richest Person

The Indian billionaire briefly surpassed Amazon founder Jeff Bezos to become the second-richest person in the world in September, according to Bloomberg. He’s now ranked as the world’s fourth wealthiest person.

Outside Southeast Asia, Adani is hardly a household name. That might be changing now that he’s richer than Microsoft founder Bill Gates and iconic investor Warren Buffett.

“The kind of rise that you have seen is truly phenomenal and probably unprecedented in the world that in such a short time a single individual has been able to acquire assets across industrial sectors and has emerged as one of the largest billionaires in the world,” said Hemindra Hazari, an independent research analyst based in Mumbai, India.

Coming from a middle-class family background, Adani began his entrepreneurial journey in the country’s financial capital, Mumbai, as a diamond sorter in the late 1970s. Adani is now chair of the Adani Group, one of the three largest industrial conglomerates in India.

Adani’s company representatives did not respond to several requests for comment from CNBC.
Why is Adani’s wealth on the rise? Watch the video above to learn more about how Adani’s political connections may have boosted the success of his many companies.

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How India’s Gautam Adani Became The World’s Fourth Richest Person

[thechosenone]

Would have been nice to know some things about his rise rather than just a 9 minute rant against billionaires.

[advaittilak]

You guys talk about Indian business leaders having relationships with the government as if LOBBYING does not exist in USA.

[RomitDholakia]

Rich people in US are called billionaires.
Rich people elsewhere are called Oligarchs.
Why this prejudice?

[akhilo]

I hope one day Adani buys CNBC too😂😂😂😂

[binjongun]

People really don't get it. They just mindlessly hate him for being rich.

[gohilar]

Next article for CNBC: How India launched 5G service despite its large population is poor

[adityaXsingh]

The best part about Adani's wealth is that it's non-explainable. Everyone knows the rise in his wealth is because of the share market but no one tells about who is investing that much money in his 7 public listed companies. No company of his has grown so exponentially to justify its rise.

[Kalinga_]

I work in contracts & procurement department of a PSU.
"Contracts being rewritten", it's a buzz created by Indian left parties & left media.
Sadly this is what Western media wants to hear.

Many people think we favour 'xyz' person or company.
The truth is after Modi Govt, all our transactions are done via GeM portal, which has drastically simplified & digitised our transactions end to end.
From tender, bidding, awarding to payment, everything is via transperant mechanism with little human interference.

Secondly, we also have an integrity pact.
In case of non selection, we need to provide the reasons of rejection & detailed disclosures of what the 'selected party' offered.

Seriously this report makes me laugh & also surprising that these reporters are claiming to be 'experts'.

[xlantboi]

i miss the time when we only knew bill gates as a billionaire 😢

[bbbbbccccd]

💥Adani has declared to invest
70 billion $ 💵 on Semi conductor production in India.. He is doing great 👍.. and west media also have billionares supported by govt. So that they can have world impact . But when Indian people are rising. They are blaming govt of India 🇮🇳

[pranavsingh]

Adani is one of the greatest wealth creators in India. He runs one of the most efficient ports in the world. Even got the management of Haifa port in Israel. The problem with western media is that it treats american monopolists as wealth creators and innovators while Indian and Russian billionaires are called oligarchs. Whether you like it or not India will continue to grow while the west grows old and woke.

[pk]

Zero experience or not Adani has managed Indian airports very well. I’ve lived in Hong Kong and travelled all over the world for work and Mumbai airport is one of my favourites - managed by an Adani owned company. I’d say it’s on par with Shanghai and Singapore, which are also fantastic and definitely much better than western airports, which isn’t difficult considered most of them are pretty pathetic. My parents had to wait in line for 5 hours in Germany for immigration queues recently.

[FernandoOrtegaJimenez]

Generating income is an action but keeping money is a behaviour" During time's like this it's proven to be a difficult challenge!💯💯

[stephaniegrayson]

Making money is action. keeping money is behavior. Growing money is knowledge

[Kalinga_]

India's ease of doing business ranking (World Bank) improved from 142 in 2014 to 63 in 2022
It is the policy reforms under Modi which have enabled businesses to grow

So cheap & disgusting reporting to say there's no free enterprise in India !

[advaittilak]

So the 5 richest people in the world were non-Indians, no one bats an eye, and then Adani climbs up the ladder, this guy talks about the disparity of wealth distribution. A little jealous there are we?

[arindamkumar]

Billionaires don't just accumulate wealth, they also generate jobs in the country

[Rocky-meqh]

Who's here after hindenberg report 😂

[BalajiKannan]

Why not contrast Ambani and Adani with American billionaires rather than Russian oligarchs?

[HimanshuShukla]

"We can't have such an accumulation of wealth in few okay start with Elon musk, bill gates, Warren