CHART OF THE WEEK 📈
As per Bloomberg Billionaire Index, as of April 2, 2022, Gautam Adani’s net worth rose to US$100 billion, making him the richest man in India and Asia, and the 10th richest in the world. Why should you care? Investing in any of the Adani could have made you richer too!
Adani’s wealth increased by 1.7x in the last one year, and 15.6x in the 2 years, as per data from Bloomberg. It went from US$6.4 billion in April 2020 to US$ 57 billion in 2021, and to US$ 100 billion in 2022.
If you invested in any of the Adani stocks 2 years ago, it would have multiplied your wealth too - by 3x to 24x, depending on which stock you invested in.
The Group’s stocks have been outperforming even post the Russia-Ukraine conflict, when the markets initially reacted negatively. A rise in commodity prices and increased trade activity have been acting as tailwinds.