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jiraporn66
10 Sep 2022 - 06:28:22
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Shares in Gotam Adani profitedSLOTXOmore than 750 times, higher than Elon Musk's Tesla or Jeff Bezos' Amazons.

On September 6, 2022, Channel News Asia reported that earlier, "Gotam Adani", an Indian billionaire. Ranked as the richest person in Asia Then his wealth led Warren Buffett and Bill Gates, and now there are only two people richer than him in the world: Jeff Bezos. S" and "Elon Musk"

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The soaring wealth ranking of “Gotam Adani” is not surprising.

Over the course of a year, the wealth of billionaires around the world has declined. But Adani's wealth nearly doubled, going from $64.8 billion to $114,400 million. That made him the third richest person in the world according to the Bloomberg Billionaires Index.

His increased wealth was taken into consideration. In valuing companies as well as taking advantage of the business empire. and his relationship with the Indian government.

Adani Green Energy and Adani Total Gas shares trade with a price-to-earnings (P/E) ratio of 750 times, while Adani Enterprises S” and “Adani Transit” P/E jumps 400 times compared to Musk's Tesla. and the Amazons of Bezos Trading at a P/E of about 100 times the shares of "Reliance Industries" of "Mukez Ambani", another Indian billionaire. Trading at 28x P/E

Adani, 60, has shifted the focus of the company in line with what Indian Prime Minister Narendra Modi has said. considers it important to achieve India's long-term economic goals.

He did so with expansion. by using loans to drive which led the Fitch Group site to credit his empire: “Overinvested by borrowing money” in a report last month.

James Crabtree, author of The Billionaire Raj, which deals with wealth and inequality in India, said Adani made wealth miraculously. with a combination of both taking proactive risks fast debt collection and building a keen political rapport

“His ascent to the top of India and the Asian bourgeoisie rapidly over the past nearly a decade. It shows how inequality is spreading in India's new golden age.”

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