Gautam Adani, the world’s fourth-richest man, has built a $220 bln empire. Financial profligacy broke many of his Indian rivals. Opacity is a bigger concern than becoming too big to fail, says ugalani. WATCH –
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Breakingviews - Gautam Adani takes new tycoon risk to next levelGautam Adani is a different sort of Indian tycoon. The 60-year-old university dropout and son of a trader is a first-generation entrepreneur who has become the world’s fourth-richest man by building and buying critical energy and infrastructure assets at lightning speed. There is none of the obvious financial profligacy that broke many of his rivals in recent years, but other concerns cast a shadow over the billionaire who is starting to get too big to fail.
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Breakingviews - Breakingviews: Gautam Adani takes new tycoon risk to next levelGautam Adani is a different sort of Indian tycoon. The 60-year-old university dropout and son of a trader is a first-generation entrepreneur who has become the world’s fourth-richest man by building and buying critical energy and infrastructure assets at lightning speed. There is none of the obvious financial profligacy that broke many of his rivals in recent years, but other concerns cast a shadow over the billionaire who is starting to get too big to fail.
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Asia’s Richest Billionaire, Gautam Adani, Pledges $7.7 Billion For CharityGautam Adani and his family have pledged to donate 600 billion rupees ($7.7 billion) to a range of social causes to mark his 60th birthday on Friday and to pay tribute to the birth centenary year of his father, Shantilal Adani.
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Holcim deal cements Adani’s rise at fair priceThe M&A-hungry tycoon is spending up to $10.5 bln to enter India’s building-materials market, despite the construction sector’s mixed outlook. Using a special-purpose vehicle will keep debt at Adani’s listed entities in check. For Swiss seller Holcim, it’s a simpler deal.
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LBank and Adanian Labs Kickstarts a ‘Crypto Accelerator Program’ in Kenya – Press release Bitcoin NewsPRESS RELEASE. The blockchain ecosystem is growing exponentially. It has brought prosperity to most African countries by creating wealth for individuals
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