Kolkata rape-murder case: Junior doctors to end protest, resume emergency services from...
Salman Khan's security breached, case registered against biker following actor's car
Sarfaraz Ahmed trolls Babar Azam in Champions One-Day Cup, star batter responds with century
After reducing debt, Anil Ambani's company now approves Rs 3014 crore...
Legends League Cricket 2024: Full schedule, squads, live streaming - All you need to know
India reacts to report on diversion of Indian defence exports to Ukraine, says, ‘it is…’
Tata Group-owned app to deliver iPhone 16 models in 10 minutes, service starts from…
Amitabh Bachchan apologises for this reason in viral video: 'Galat ho gaya tha...'
New COVID-19’s XEC 'contagious' variant spreads across 27 countries, here's what you need to know
Verantes Living Awarded as India’s No.1 Stainless Steel Modular Kitchen Brand
Narayana Murthy’s Infosys set to invest Rs 170000000 in this startup
Discover Stainless France, the Leading Supplier of Cobalt Chrome
India dismisses Khalistani terrorist Pannun's US lawsuit over assassination attempt, calls it…
IND vs BAN, 1st Test: R Ashwin joins Ravindra Jadeja in elite club, becomes second cricketer to....
More trouble for ex-RG Kar principal Sandip Ghosh, Bengal medical body now...
Tirupati Laddu row: Lab report confirms prasada contains beef fat, fish oil
Meet IPS officer who has resigned after serving for 18 yrs due to...
ITR filing: Haven’t received your income tax refund yet? Here’s what you should do
FATF says India faces severe 'terrorist financing threats' from...
WATCH: IAS officer poses as customer at liquor shop, imposes Rs 50000 fine for....
Meet Indian man, who got hired whopping Rs 12000000 crore salary job, not from IIT, IIM he is...
Meet ‘delivery boy’ who beats Mukesh Ambani in world’s billionaire list, his net worth is…
Suriya, Bobby Deol-starrer Kanguva gets new release date, averts clash with Rajinikanth's Vettaiyan
This Bajaj Group company's shares rose by Rs 1687 in just 5 days after...
5 super expensive assets Mukesh Ambani owns: Rs 15000 crore home, Rs 600 crore jet, MI worth...
IND vs BAN, 1st Test: Shubman Gill joins Virat Kohli in unwanted list after poor outing on Day 1
“I'm gonna cut…”: Know what Andrew Flintoff said to Yuvraj Singh before his 6 sixes feat
Kareena Kapoor revives vintage glam in 25-year-old Banarasi saree makeover
Atishi’s Delhi cabinet: AAP leader to retain four minsters; new face to be included
Centre investigates 26-year-old EY employee's death amid massive outrage
NASA's James Webb unveils black hole starving its host galaxy; see pic
'They will also finish....': Akhilesh Yadav slams BJP over 'one nation, one election'
Housing society issues notice over too many deliveries asks to hire personal watchman
ICC releases venues for women's T20 world cup, check list here
J-K Assembly Election 2024: 'Abdullahs, Muftis, Gandhis have given...,' says PM Modi in Srinagar
Meet woman who left medical career for UPSC exam , became IPS with AIR 165 then left job due to...
Meet Indian billionaire with Rs 32615 crore net worth who wants you to save Rs 600 daily because...
IAS Puja Khedkar case latest update: Delhi HC issues...; Know details here
Haryana Assembly Election 2024: BJP releases election manifesto, guarantees...
Amid Ind vs Ban, why is 'boycottBangladeshCricket' trending on social media? Know here
'Usko dekh...': Rishabh Pant during war of words with Liton Das during Ind vs Ban test
This is world's costliest rice, price of 1 kg will leave you shocked, it is grown in...
Could your phone be the next bomb? The scary truth about remote explosions
Watch video: Rohit Sharma's reaction after Virat Kohli's dismissal in Ind vs Ban test match
Bihar: 15 people held for torching 21 houses in Nawada, government says more arrests likely
Atishi, along with new cabinet, to take oath as Delhi CM on..., know details here
Ed raids ex-IAS, Noida Authority CEO's house, Rs 1 crore cash, Rs 19 crore jewellery recovered
Hezbollah walkie-talkie blast kills 20 in Lebanon; Israel declares 'start of new phase in war'
NASA Alert: Giant asteroid Apophis, as big as a skyscraper, will approach Earth on...
Himesh Reshammiya's father, music director Vipin Reshammiya, passes away at 87
This is now India's biggest alcohol firm, has surpassed Johnnie Walker maker Diageo by Rs...
Big win for ISRO: Centre approves Chandrayaan-4, Venus mission and a space station; allocates Rs...
BUSINESS
If Adani's wealth continues to grow at its current rate of 123% annually, he could become a trillionaire by 2028.
TRENDING NOW
Elon Musk, with a net worth of $251 billion as reported by the Bloomberg Billionaires Index, holds the title of the world's richest person. A forecast from Connect Academy predicts that Musk could achieve trillionaire status by 2027, provided his wealth continues to grow at an average annual rate of 110%.
According to the same report, India's Gautam Adani, founder of the Adani Group, is expected to be the second person to reach trillionaire status. If Adani's wealth continues to grow at its current rate of 123% annually, he could become a trillionaire by 2028.
Gautam Adani, with a net worth of ₹7,04,196 crore, currently ranks as the second richest person in India. He oversees a wide range of business ventures through the Adani Group, with Adani Ports being a key company within the group. In a major initiative, the Adani Group, under Adani’s leadership, is planning a significant investment of ₹24,973 crore to boost its port operations, according to a report by Mint. The company is also closely monitoring the trade route between Europe and India as part of its strategic expansion.
Gautam Adani, with a real-time net worth of ₹7,14,460 crore (USD 85.5 billion) according to Forbes, is the second richest person in India. The 61-year-old heads Adani Enterprises, which has a market capitalization of ₹3.64 lakh crore, and continues to expand his business empire through various new projects. However, his salary is notably lower than many of his industry peers and even some of his own top executives.
For the fiscal year ending March 31, 2024, Adani received a total compensation of ₹9.26 crore. He drew a salary from only two of the ten companies within his ports-to-energy conglomerate, according to the annual reports of the group’s listed entities. From Adani Enterprises Ltd (AEL), the group’s flagship firm, he earned ₹2.19 crore in salary along with ₹27 lakh in benefits, totaling ₹2.46 crore—an increase of 3% from the previous year. Additionally, he earned ₹6.8 crore from Adani Ports and SEZ Ltd (APSEZ).
Adani's earnings are modest compared to the heads of most large family-owned conglomerates in India. For instance, Mukesh Ambani, India's richest man, has forgone his entire salary since the Covid-19 pandemic began, after previously capping it at ₹15 crore. Adani's salary is also far below that of telecom tycoon Sunil Bharti Mittal (₹16.7 crore in 2022-23), Rajiv Bajaj (₹53.7 crore), Pawan Munjal (₹80 crore), L&T Chairman S N Subrahmanyan, and Infosys CEO Salil S Parekh.