World’s Biggest Wealth Surge Marks Rise of Billionaire Adani
- Coal mogul Adani goes big on green energy, airports, data hubs
- Warburg Pincus and French giant Total give vote of confidence
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After spending two decades building a business empire centered around coal, Indian billionaire Gautam Adani is now looking beyond the fossil fuel to cement his group’s future. His ambitious plans are getting a boost from Prime Minister Narendra Modi.
Adani has emerged as India’s infrastructure king, diversifying from mines, ports and power plants into airports, data centers and defense -- sectors Modi considers crucial to meeting India’s economic goals. Investors are rewarding the pivot, betting the tycoon’s strategy of dovetailing his interests with the government’s development program will pay off.