In “Apolline Matin” this Thursday on RMC and RMC Story, Nicolas Poincaré presented the journey of Indian Gautam Adani, who became the third richest man in the world.
New to the club of the ultra-rich. Gautam Adani, an Indian billionaire, is currently the third richest person in the world. He just got on the podium after Tesla’s Elon Musk and Amazon’s Jeff Bezos. And so he toppled the Frenchman Bernard Arnault of LVMH, who had fallen to fourth place in the Bloomberg rankings. For the first time, this podium was taken by an Asian that Americans have trusted for decades.
Gautam Adani’s condition is recent. In any case, it exploded in just a few years and almost doubled in one year. Today it is valued at about $140 billion.
Bankruptcy Risk Warning
How did he make his fortune? Initially, he comes from a middle-class family. He was born 60 years ago in Ahmed Abad, in the state of Gujarat. His father was a merchant and had eight children. He dropped out of school very early, worked with diamonds, and at the age of 26 he created his own import-export company. He buys and sells oil and coal, sure values.
And then he diversified. He received a contract to build India’s largest commercial port. Then he bought the Bombay airport, then he invested in cement, in data centers, in the media. And now it’s diversifying into clean energies. In short, he is a businessman with a wild appetite. His conglomerate has gained 2,400% in two and a half years, but he’s heavily in debt. The rating agency issued a bankruptcy risk warning.
survivor of the attack
In addition, he survived terrorism. He was present in 2008 at the Taj Mahal Palace in Bombay during a horrific hostage situation that left 188 people dead. He hid in the basement…
He is also very close to Prime Minister Narendra Modi, to whom he lends his planes. He is trying to buy a major TV channel simply because he is too critical of the prime minister. He also shares the very nationalistic and very anti-Islamic ideas of Narendra Modi.