Gautam Adani will outshine Mukesh Ambani to become India’s first trillionaire
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New Delhi: A report by an international organisation predicts that the founder and chairman of the Adani Group, Gautam Adani, will become the first Indian trillionaire by 2028, Siasat.com said.
Ten years from now, another wealthy Indian Mukesh Ambani, chairman Reliance Industries Limited (RIL) who is currently Asia’s richest man, will reach this status by 2033.
The report by Informa Connect Academy said that Adani would emerge as the second global trillionaire with a net worth of at least one trillion US dollars.
Adani, who is who is ranked 13th on the world billionaire index with a wealth of just under USD 100 billion, will pull off this status if his conglomerate continues to grow at its current 123 percent average annual rate.
The Adani Group has won the long term contract to supply 6,600 MW of bundled renewable and thermal power to Maharashtra, outbidding rivals like JSW Energy and Torrent Power.
Adani Power has to supply solar power at a fixed rate of Rs 2.70 per unit as per the bid condition for the supply period, but coal-based power will be based on coal prices.
Meanwhile, the report predicted that Elon Musk, the CEO of electric car maker Tesla and rocket manufacturer SpaceX, will be the first trillionaire by 2027.
