In the last decade, India's energy, infrastructure, retail, and defense development industries have been dominated by two men. Though they operate in the same industries, Adani and Ambani's multi-sector companies have avoided direct competition with one another. According to a report on Monday, Ambani's aides were told in June that Adani was planning to bid for India's first 5G spectrum. Reliance is one of India's largest telecom companies, while the Adani Group is new to the field. The outlet reported that the near-miss gave rise to speculation that the two giants will eventually clash as they mop up more industries. We looked at the fortunes and real-estate investments of the billionaires. Representatives for the two companies didn't reply to Insider's questions. The Adani Group is a multi- industry powerhouse based in India. The company hit $200 billion in market value in April, and its share price has jumped ten-fold. Its hallmark trade is ports and terminals. The largest private commercial port in India is claimed to be created by Adani in his home province of Gujarat. Along India's coast, it now operates alongside 12 other Adani ports. Power-grid distribution, gas, solar, and thermal power, data centers, real estate, airports, water management, and financial services are some of the businesses the organization has. Adani's companies are moving in lockstep with India's leadership. The Adani Group made significant gains this year by expanding beyond coal and fossil fuels as Prime Minister Narendra Modi pushes India towards renewable power. India's dependence on foreign military supplies has been established as a vision by Modi. Adani Group is helping it secure contracts with the Indian armed forces by developing counter drones. According to its annual reports, Reliance Industries started growing at a faster rate than the Adani group. It became the first Indian company to reach $200 billion in market value in 2020, and the Adani Group did the same this year. Reliance has focused on gas production, media and entertainment, digital services, retail stores, and oil refining as its biggest business, according to its annual report. According to the report, its oil refining ventures brought in over 40 billion dollars in revenue last year. The company has grown its subscriber base by 120 million since the beginning of the epidemic. Its retail network of branded stores for toys, jewelry, clothing, and groceries covers more than 30 million square feet. There is little public knowledge of Adani's lifestyle. An article from India's Economic Times says that Adani built a helicopter in his home and uses it to travel. According to the Economic Times, one of the choppers that is marketed as both a luxury travel option and a vehicle for law enforcement or fire and rescue work is the Agusta Westland A139. The helicopter can cost as much as $9.65 million. The outlet reported in 2012 that Adani owned three private jets. Adani's company made a $50 million bid for a residential property in New Delhi, according to a report. The exact location and features of Adani's home are not publicly known. Adani doesn't like to post flashy posts on social media. He and his family celebrated his birthday with a cake at home, one of the only personal photos he has ever taken. Reliance's home, fleet of luxury vehicles, family events, and vacations have been the subject of a lot of scrutiny. The Antilia mansion is 400,000 square feet and has 27 floors, three helipads, a 168-car garage, nine elevators, and a snow room. The South China Morning Post states that it takes 600 staff to run Antilia. The outlet reported that Antilia has an ice cream parlor and a snow room that can make snow on demand. It was said that the wedding of his daughter, Isha, cost around 100 million dollars. The 600 attendees of the high-profile event included some of the most famous people in the world. According to Luxury Launches, an Indian lifestyle news website, Ambani has more than 170 luxury cars. In July, Ambani booked his family into suites at the Brgenstock Resort for $74,000 a night. Insider asked for comment from Ambani, but he didn't reply immediately. Continue to read.
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