Gautam Adani’s One-Day Net Worth Surge Surpasses Pak-Turkey Trade in FY 2024

Gautam Adani Becomes 20th Richest Person in the World

Indian business magnate Gautam Adani has reached a new milestone, becoming the 20th richest person globally. His net worth surged by $1.72 billion in just 24 hours, taking his total wealth to $82.3 billion, according to the Bloomberg Billionaires Index.

This remarkable increase in a single day surpasses the total annual trade volume between Pakistan and Turkey in the fiscal year 2024.

From Diamond Trading to Billionaire Status

Adani’s journey is particularly notable as he is a first-generation entrepreneur. He began his business career in the diamond trading sector and has since built one of India’s largest conglomerates, the Adani Group, with interests in ports, energy, infrastructure, and more.

Pak-Turkey Trade Lags Behind Adani’s Single-Day Gain

The comparison between Adani’s one-day wealth gain and the entire annual trade between Pakistan and Turkey has drawn public interest. While Adani’s wealth rose by $1.72 billion in a day, Pak-Turkey trade in FY 2024 remained below that figure.

Despite their historical ties, Pakistan and Turkey have struggled to boost bilateral trade. There have been discussions about raising it to $5 billion, especially following Operation Sindoor and tensions involving calls for a trade boycott with Turkey.

Strengthening Pak-Turkey Relations

Pakistan and Turkey are continuing diplomatic and military cooperation. Turkish President Recep Tayyip Erdoğan recently congratulated Pakistan’s Chief of Army Staff, Field Marshal Asim Munir, on his promotion. Additionally, Prime Minister Shehbaz Sharif’s recent visit to Turkey included expressions of gratitude for Turkey’s support on regional matters, particularly against India.

Billionaires in Asia See Significant Wealth Growth

The Bloomberg Index further reports that the wealth of Asia’s richest individuals, including those in India, has grown by $13 billion so far this year.

Meanwhile, according to the International Monetary Fund’s World Economic Outlook, India has become the fourth-largest economy in the world, further highlighting the growing economic clout of Indian business leaders like Gautam Adani.