Which Indian billionaire has earned more than Elon Musk this year?
Gautam Adani has come a long way from his humble beginnings as a Bachelor of Commerce dropout at the University of Gujarat, Ahmedabad. Now at the helm of the Adani Group – which is involved in many industries such as power generation, oil, real estate and infrastructure – Adani has overtaken Chinese bottled water tycoon Zhong Shanshan to become the second richest man in Asia.
Forbes reports that his fortune has increased to US $ 66.2 billion due to the rapid rise in share prices of companies in the Adani group. Bloomberg even reported that Adani beat fellow billionaire Elon Musk for the highest wealth growth in 2021.
So how does Asia’s richest new man benefit from his billions?
His house is worth around US $ 5.5 million
In early 2020, Adani acquired Aditya Estates for Rs 40 crore, or approximately US $ 5.5 million. The property, which is located in Lutyens Delhi, New Delhi’s most expensive residential area, covers 1.4 hectares (3.4 acres) of land and includes a bungalow with an area of ââ25,000 square feet.
According to GQ India, the house has seven bedrooms, six living and dining rooms and 7,000 square feet of land for staff quarters. The estate also has extensive gardens, through which Adani enjoys spending his time strolling quietly.
It has three private jets and three helicopters
Adani has a clear interest in aviation. In 2020, the Adani Group acquired a controlling 74% stake in Mumbai Airport, becoming India’s largest private airport developer.
This interest in air travel is evident in his personal life as he enjoys flying in style, having three private planes: a Bombardier Challenger 600 (valued at US $ 700,000 to US $ 900,000, according to evojets.com), an Embraer Legacy 650 (worth US $ 15-19 million) and a Hawker 800 (worth $ 2 million).
But the billionaire and his family also escape traffic with his three helicopters. In 2011, The Times of India reported that it purchased a 15-seat Augusta Westland AW139 helicopter worth Rs 12 crore (now US $ 1.65 million).
He collects luxury cars
As he started traveling on his gray Bajaj Super scooter in the 1980s, Adani quickly learned to travel in style and amassed an enviable luxury car collection. This includes a BMW 7 Series limousine, a Rolls-Royce Ghost and a red Ferrari California, which relatives say is his favorite.
He actively gives to charity and helps people in need
In 1996, Adani co-founded the Adani Foundation with his wife, Priti, who chairs the foundation. Together, they have contributed to the well-being of communities across India with projects in education, health, community infrastructure and sustainable livelihoods.
In 2020, The Economic Times reported that Adani donated 100 crore rupees (now US $ 13.7 million) to the PM Cares Fund to help fight Covid-19. The Times of India also reported that the Adani Group helped organize four ISO cryogenic tanks with 80 tons of liquid oxygen and 5,000 medical-grade oxygen cylinders from Saudi Arabia to help people with the virus.