Meet Indian Young Man Who Is To Replace Elon Musk As World's Trillionaire, Has Net Worth Of... - SWIFT DAILY NEWS
SWIFT DAILY NEWS
2650814 2628676 gautam adani 1 e

Meet Indian Young Man Who Is To Replace Elon Musk As World’s Trillionaire, Has Net Worth Of…

Share this article

By Frank Kamuntu 

If Adani’s wealth continues to grow at its current rate of 123% annually, he could become a trillionaire by 2028.

Elon Musk, with a net worth of $251 billion as reported by the Bloomberg Billionaires Index, holds the title of the world’s richest person. A forecast from Connect Academy predicts that Musk could achieve trillionaire status by 2027, provided his wealth continues to grow at an average annual rate of 110%.

According to the same report, India’s Gautam Adani, founder of the Adani Group, is expected to be the second person to reach trillionaire status. If Adani’s wealth continues to grow at its current rate of 123% annually, he could become a trillionaire by 2028.

Gautam Adani, with a net worth of ₹7,04,196 crore, currently ranks as the second richest person in India. He oversees a wide range of business ventures through the Adani Group, with Adani Ports being a key company within the group. In a major initiative, the Adani Group, under Adani’s leadership, is planning a significant investment of ₹24,973 crore to boost its port operations, according to a report by Mint. The company is also closely monitoring the trade route between Europe and India as part of its strategic expansion.

Gautam Adani, with a real-time net worth of ₹7,14,460 crore (USD 85.5 billion) according to Forbes, is the second richest person in India. The 61-year-old heads Adani Enterprises, which has a market capitalization of ₹3.64 lakh crore, and continues to expand his business empire through various new projects. However, his salary is notably lower than many of his industry peers and even some of his own top executives.

For the fiscal year ending March 31, 2024, Adani received a total compensation of ₹9.26 crore. He drew a salary from only two of the ten companies within his ports-to-energy conglomerate, according to the annual reports of the group’s listed entities. From Adani Enterprises Ltd (AEL), the group’s flagship firm, he earned ₹2.19 crore in salary along with ₹27 lakh in benefits, totaling ₹2.46 crore—an increase of 3% from the previous year. Additionally, he earned ₹6.8 crore from Adani Ports and SEZ Ltd (APSEZ).

Adani’s earnings are modest compared to the heads of most large family-owned conglomerates in India. For instance, Mukesh Ambani, India’s richest man, has forgone his entire salary since the Covid-19 pandemic began, after previously capping it at ₹15 crore. Adani’s salary is also far below that of telecom tycoon Sunil Bharti Mittal (₹16.7 crore in 2022-23), Rajiv Bajaj (₹53.7 crore), Pawan Munjal (₹80 crore), L&T Chairman S N Subrahmanyan, and Infosys CEO Salil S Parekh.

Have An Advert Or Article You Want To Publish? WhatsApp: +256760530830. 

Have An Advert Or Article You Want Us To Publish? Email: swiftnewsug@gmail.com or WhatsApp: +256760530830

Share this article

Related posts

Jubilations Rock Budiope As Magogo, Anita Among Welcome Twins

Swift Daily News

Flash Back! When Museveni Praised Tycoon Sudhir: ”We Got Patriotic Investors Like Sudhir Because We Rejected Racism”

Swift Daily News

Uganda’s Academic Excellence: Naalya Schools In Decade’s Best Performing Schools At O’level

Swift Daily News

The Untold Story Of Ruparelia Group Boss Mogul Sudhir Ruparelia That Will Leave You Shocked

Swift Daily News

Karamoja Elders Demand Overhaul: Scrap the Ministry, Bring Back the Development Agency For Real Change

Caroline Kanshabe

It’s Not Lessons After Lessons, Pupils At Kampala Parents Get Time For Sports

Swift Daily News

Leave a Comment