India has become the fastest growing economy in the world. The country is also home to some of the richest businessmen in the world. Gautam Adani recently became the second richest person in India after his father Anil Ambani. Despite being a billionaire, he chooses to live modestly. What does his lifestyle tell us about him?
Adani was born into a middle class family who owned a grocery store. His father had no formal schooling but worked as a clerk at a railway station. When he was only nine years old, he began selling tea from a handcart. At 17, he joined the Indian Railways and rose rapidly through the ranks. After retiring in 1999, he founded the Adani Group conglomerate.
Adani became a millionaire by the time he was 30, and then became one of the richest men in India in 2016. He now plans to invest heavily in renewable energy projects around the globe and hopes to expand his empire even further.
Adani Group owns over 60 companies across industries such as mining, power generation, steel, real estate, retail, energy, infrastructure, chemicals, agrochemicals and logistics. The group also runs large businesses in Australia, Africa, Europe, Asia and South America.
Gautam Adani becomes the second richest person in the world 2022, beating other billionaires
Adani Group chairman Gautam Adani has become 2nd richest person in the world, according to Forbes magazine’s latest rich list. Mr Adani’s fortune rose to $155.4 billion from $122.1 billion last week. His company Adani Enterprises rose 11 per cent to ₹9,935 crore ($US 155.4 million).
Mr Adani’s net worth increased to $122.1 billion before he became richer. In 2017, his net worth stood at $105.2 billion.
The Indian businessman owns assets including power plants, ports, mines and plantations across Australia, Africa and Asia.
He has been ranked among the world’s richest people since 2012.
His family controls one of India’s largest conglomerates, Adani Group, which operates in mining, energy, infrastructure, textiles, real estate, agri-business, retail and education.
India’s richest man Mukesh Ambani retained the number three spot, while Warren Buffett remained fourth.
Amazon founder Jeff Bezos moved up to third place, becoming the world’s richest self-made men.
Here is the latest list of the world’s top 10 richest persons (August 30, 2022):
Gautam Adani’s net worth compared to other billionaires.
|S. No.||Names||Net Worth in Billions|
Adani Group selects Google Cloud to modernise IT Operations for future scale, innovation
The Indian conglomerate Adani Group has chosen Google Cloud to modernise its IT operations for future scalability and innovation. The move follows Adani Group’s recent investment in renewable energy projects, where it plans to spend up to $20 billion over the next decade.
In 2017, Adani Group invested $1 billion into Solar Energy Corporation of India Ltd., one of India’s leading clean energy companies. This investment marks the beginning of a multi-billion dollar expansion plan for Adani Group’s solar division.
Google Cloud will help Adani Group manage its infrastructure needs, while enabling the company to develop innovative solutions that are scalable and secure. To achieve this, the company will use Google Cloud Platform, Google Compute Engine, and Google Kubernetes Engine.
“We are excited about partnering with Google Cloud,” said Rajesh Gopinathan, Chief Information Officer at Adani Group. “Our goal is to transform our business models and become a leader in digital transformation. We look forward to working together to build applications and platforms that enable us to deliver high quality products and services.”
This partnership brings together two industry leaders, each committed to helping businesses around the world succeed. With Google Cloud, Adani Group will gain access to the latest cloud technologies and tools to accelerate growth and innovation. And with Adani Group, Google Cloud will benefit from the expertise of a large enterprise customer base and global footprint.
“As we continue to grow, we’re looking for partners like Adani Group that want to take advantage of Google Cloud’s unique capabilities,” says Kalyan Krishnamurthy, Vice President, Product Management & Developer Ecosystem, Google Cloud. “With Google Cloud, Adani will be able to rapidly deploy and scale compute capacity, storage, networking, analytics, AI, machine learning, IoT and mobile apps without having to worry about managing servers, networks and data centers.”
Adani Group acquires Ambuja Cements and ACC: Report
The Adani group has bought up Holcim’s stake in Ambuja Cements Ltd and ACC Limited for $1.2 billion. This is the biggest acquisition ever in Indian industry history. In addition to cement, it plans to expand into steel and fertilizer, mining, ports, logistics and real estate.
Gautam Adani‘s family owns the largest and most profitable cement company in India. He has been trying to buy out his rival Essar Steel since 2012. But he had to wait till now because Holcim wanted to sell its shares at a high price.
Ambuja Cement & ACC Limited are among the strongest brands in the cement industry. They lead the market with an installed capacity over 120 million tonnes per annum. UltraTech Cement is the second largest player.