Adani, who runs one of India’s top conglomerates, is now believed to be worth approximately $137 billion, the tracker shows.
The founder of the eponymous Adani Group controls companies ranging from ports and aerospace to solar energy and coal.
His fortune has grown exponentially since the start of the global health crisis, as investors bet on his ability to grow his business in sectors that Indian Prime Minister Narendra Modi has prioritized for development. Adani has also benefited from an uptick in coal usage, which has catapulted his ascent in recent months, according to Bloomberg.
His shot up the global wealth rankings comes as some members of the world’s 1% give away more of their resources.
Inside India, Adani has been raising his profile in other ways, too.
However, the group’s media foray comes at a time when its debt-fueled rapid expansion has become a matter of concern for analysts. The move has also created unease about future editorial freedom for NDTV, one of the country’s most respected news networks.
— Diksha Madhok contributed to this report.
