Adani Group’s 60-year-old chairman has succeeded Bernard Arnault on Forbes’ Real-Time Billionaire’s List. At $155.5 billion (12.37 lakh crore rupees), he is the world’s third-wealthiest person and the first Asian to crack the top three.
Coal mining, thermal power generating, and infrastructure development are all part of Adani’s business portfolio. His company has grown to become India’s largest private port operator and is also involved in the aviation industry.
Adani’s investments in India’s renewable energy sector have reaped huge financial rewards for him.
Shortly, it’s forecast to rise even higher. Adani Wilmar, a subsidiary of the Adani Group, is rumored to be on the hunt for acquisition opportunities in the food operations industry, both domestically and internationally.
Adani Wilmar CEO and managing director Angshu Mallick told Bloomberg that the firm is on the lookout for acquisitions of brands in staple foods and distribution companies to expand its consumer goods offering and reach.