Gautam Adani biggest gainer as new supercycle makes energy billionaires richer globally
Back in October, Harold Hamm predicted a win by Joe Biden in the US election would “strange and starve oil and gas.” Instead, he’s made a killing.
With shares of his Continental Resources Inc. more than doubling in the past six months, Hamm’s personal fortune has jumped this year by $3.3 billion to $8.4 billion, according to the Bloomberg Billionaires Index.
Sure, Biden won in November and is now promoting policies to reduce greenhouse gas emissions. But crude prices have surged in recent months amid supply cuts and increased demand for natural gas to renewables as economies emerge from the Covid-19 crisis. Hamm, 75, who supported Donald Trump in the election, is one of the biggest gainers among energy billionaires.
