Billionaire Gautam Adani's wealth up relative to India's GDP, shows data

He was the only one in the top-5 billionaire who did not see a wealth decline over the last year

Amid increasing volatility and recession fears looming over global markets that has led to the decline in wealth of a number of billionaires, Gautam Adani was the only one to buck the trend. The billionaire added $43.3 billion in net worth between Diwali 2021 (November 4) and this year’s Diwali (October 24) according to Bloomberg data. He added more wealth than the gross domestic product (GDP)of more than a dozen Indian states.

The rise in his wealth exceeds the total pre-pandemic GDP of 14 Indian states and union territories.

States whose 2018-19 GDP was lower than Adani’s wealth gain includes