Deep in the desert near the Pakistani border, India’s second-richest man is constructing the world’s largest renewable energy park in an effort to secure the future of his coal-linked fortune.
Gautam Adani’s ports-to-airports, media, and energy empire propelled him to the world’s second-richest man status in 2022, with a fortune worth $154 billion.
Hindenburg Research, a US short-seller, accused his firms of a “brazen stock manipulation and accounting fraud scheme” a year ago, causing their market value to fall by more than $150 billion.
However, they have since recovered much of their losses, and the publicity-shy 61-year-old high school dropout is betting big on making billions more from the energy transition.
