Gautam Adani: World's Second Trillionaire by 2028, Following Elon Musk

Nitin Kamath hit the bull's eye when he said that.

Because Elon Musk, the owner of EV giant Tesla, is expected to become the first trillionaire on the planet. He's poised to become the first entrant to what is also called the four-comma club by 2027, but this story isn't about Musk.

Today, we're putting the spotlight on Indian industrialist Gautam Adani, the richest Indian according to the Hurun Rich List 2024.

According to Informa Connect's Billionaire to Trillionaire List, Adani is on track to become a trillionaire by 2028. Let's break down this massive milestone and what it means for India, Adani Group, and global business.

Gautam Adani, the business mogul who leads the Adani Group, is already a force to be reckoned with, boasting a net worth of over $84 billion as of 2024. But in just four years, he's expected to cross the trillion-dollar mark. That's a staggering average growth rate of 123% per year!

What will propel him to this dizzying height of wealth is his mega business machine – The Adani empire. The Adani Group isn't an ordinary company—it's a behemoth with interests in everything from ports, green energy, and real estate to defence, airports, and even Fast-Moving Consumer Goods (FMCG). With 11 listed companies, Adani's empire touches nearly every major sector in India and several key global markets.

But Adani isn’t just thinking about the present. At 62, Gautam Adani is already planning for the future. He recently shared his succession plan with Bloomberg, emphasising that succession is crucial for business sustainability, especially for a conglomerate of this size.

His sons, Karan and Jeet Adani, along with cousins Pranav and Sagar Adani, will take over the $213 billion empire. Karan Adani is already the CEO of Adani Ports and Special Economic Zone (SEZ), handling logistics and ports. Jeet Adani oversees the group's digital business and private airports, while Pranav and Sagar manage oil, agriculture, and renewable energy, respectively. This seamless succession plan ensures that the Adani Group remains a dominant force for years to come.

So what's next for Adani? As his group continues to grow across sectors like renewable energy, infrastructure, and more, it's clear that the sky is the limit. With a future trillionaire in the making, the impact on India's economy and the global market will be monumental.

And let's not forget Mukesh Ambani. He's also on this elite list, projected to become the second Indian to hit the trillion-dollar mark by 2033, ranking 8th globally.

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