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Sunday, 12 May 2024

Gautam Adani – Made of Money

Ludhiana : When we talk about money, the first question that comes to our mind is, “Who is the richest person in the world?”. However, the people who are capable enough to reach the list of Top 5 richest people in the World or Top 10 wealthiest people in the World have a different mindset. For example, Elon Musk, Tesla and SpaceX Chief, the World’s richest person, has a perspective that allows him to think 20-30 years ahead compared to an average human. This type of mindset allowed him to be the wealthiest person in the World, overtaking Amazon founder Jeff Bezos, the 2nd richest person.


If we talk about Mr Gautam Adani, CEO of the Adani Group, he is not stopping from continuing his ascend on the list of the World’s wealthiest people. Recently, Mr Gautam Adani became the 5th richest person in the World with a net worth of $125.6 Billion, overtaking Mr Warren Buffet, CEO of Berkshire Hathaway, whose net worth is $119.8 Billion.


The Adani Group is one of the most diversified groups in the business sector. From Logistics which includes Seaports, Airports, Railways and Shipping, power generation and distribution, renewable energy, gas, and infrastructure, to Agro inclusive of Commodities, edible oil, food products, cold storage, and Silos, public transport infrastructure, real estate, consumer finance, and defence. It is no surprise that the group has a net worth in the three numbered billion-dollar figures. But there is one other reason for Adani Group’s success.


The most famous investor, Mr Warren Buffet’s Berkshire Hathaway, recently witnessed a 2% drop in the Stock Market. In contrast, other investors face the consequences of the sudden disturbances in the US Stock Market. It is because the stock market is a place where only predictions work. There is no certainty if the stock prices will remain constant.


(Payal Mohindra)


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