Gautam Adani is the chairman and founder of the Adani Group, an Indian multinational conglomerate. He is a first-generation entrepreneur. He is driven by the core philosophy of infusing Growth with Goodness via his vision of nation-building.
Gautam Adani was born on 24 June 1962 in Ahmedabad, Gujarat, in a middle-class Jain family. He has seven siblings, the eldest of which is Mansukhbhai Adani. His father was a small textile merchant, and his mother was Shanti Adani. His family migrated from Tharad in northern Gujarat in search of a livelihood.
Adani attended the Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad for basic education. He enrolled at Gujarat University to study commerce but dropped out after two years. He was passionate about business but not about his father's textile business.
In Ahmedabad, Gujarat, Adani was born to Shantilal Adani (father) and Shantaben Adani (mother) in a Jain family. He has seven siblings.
Gautam Adani is married to Priti Adani, a dentist, and leads the Adani Foundation. He has two sons, Karan Adani and Jeet Adani.
Despite being attracted to business, Gautam Adani did not inherit his father's textile business.
In 1978, Gautam Adani moved to Mumbai and worked for Mahendra Brothers as a diamond sorter for around two to three years before establishing his diamond brokerage firm in Zaveri Bazaar.
Gautam's elder brother Mansukhbhai Adani brought a plastics plant to Ahmedabad in 1981 and invited Gautam Adani to manage it. This venture was Adani's gateway to international trading via Polyvinyl Chloride (PVC) imports.
After importing primary polymers for small-scale industries in 1985, Adani founded Adani Exports in 1988, now known as Adani Enterprises, which deals in agriculture and power.
For the Adani group, economic liberalization policies proved favorable in 1991, and the company began trading metals, textiles, and agro products.
It was originally operated by Mundra Port & Special Economic Zone. Later, the operations were transferred to Adani Ports & Special Economic Zone (APSEZ). Nowadays, it is the largest private multi-port operator in the world.
Founded by Adani in 1996, Adani Power is the power business arm of the Adani Group. The company owns a total of 4620 thermal power plants, making it the largest thermal power producer in the country.
In 2006, he entered the power generation business. From 2009 to 2012, he also acquired Abbot Point Port in Australia and Carmichael coal mine in Queensland.
In May 2020, Adani won the world's largest solar bid worth $6 billion from the Solar Energy Corporation of India (SECI). In the future, Adani Green will take on the project of 8000 MW photovoltaic power plants, while Adani Solar will expand solar cell and module manufacturing capacity to 2000 MW.
As part of a high-profile bet by billionaire Gautam Adani in the vibrant media sector, Adani Group's media unit announced on August 23, 2022, that it would buy most of New Delhi Television Ltd (NDTV), one of the nation's most popular channels. Media outlets have been abuzz about Adani's latest acquisition.
As per the official statement, Gautam Adani's unit will indirectly acquire 29.18 percent of NDTV and launch an open offer for another 26 percent. The open offer is worth Rs. 493 crores. According to the official statement, NDTV operates three national news channels, NDTV India, NDTV 24x7, and NDTV Profit.
Gautam Adani is the president of the Adani Foundation, which operates not only in Gujarat but also in Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh, and Odisha.
He contributed around Rs 100 crore to the PM Cares Fund in March 2020 through his Group's philanthropy arm to fight COVID-19. Also, around Rs 5 crore was contributed to the Gujarat CM Relief Fund and Rs 1 crore to the Maharashtra CM Relief Fund.
According to Forbes Real-time Billionaires List, Gautam Adani has a net worth of 125 billion dollars.
Adani House, Near Mithakhali Crossing, Navrangpura, Ahmedabad-380009, Gujarat, India.
242, Nehru Rd, Navpada, Vile Parle East, Vile Parle, Mumbai, Maharashtra 400057
Lutyens, Near Bhagwan Das Road, New Delhi, 110030, Delhi, India
Adani is India's fastest-growing corporation with businesses in resources, logistics, energy, and agriculture. Some of Gautam Adani's businesses are listed below-
Adani Enterprises. Solar Manufacturing.
Adani Green Energy. Renewable Power Generation.
Adani Ports & SEZ. Agri Logistics.
Adani Transmission. Power Transmission.
Adani Total Gas. Gas Distribution.
Adani Power. Thermal Power Generation.
Adani Wilmar. Edible Oils & Food.
Other. Edible Oils & Food.
Adani's car collection includes cool-looking cars like the BMW 7-Series, Toyota Vellfire, Audi Q7, Ferrari California, and Rolls-Royce Ghost.
He was abducted in 1998 and held hostage for ransom. He was released when money was paid to the hostages. During the 2008 Mumbai attacks, he was at the Taj Hotel. He was later rescued without injury.
Karan Adani, the elder son of billionaire Adani Group chairman Gautam Adani, is the chief executive officer (CEO) of Adani Ports & SEZ Limited (APSEZ). Gautam Adani's younger son Jeet Adani joined the Adani Group in 2019 as CFO & start looking at strategic finance, capital market, and risk & governance policy,
This year, Adani doubled his fortune to $150 billion, making him the world's second richest person after nearly tripling his fortunes in 2021.
Gautam Adani's net worth dropped $14 billion to $74.7 billion, moving him to No. 15 on the Forbes billionaire list. Adani Ports fell 19.7%.
On a day the markets welcomed the Budget with a sharp rally early on, Adani Group companies were again in virtual free fall Wednesday. The group announced late at night that it would cancel the Rs 20,000-crore follow-on public offer (FPO) after Adani Enterprises Limited plunged 28.4%.
On the same day, its FPO had scraped through with non-institutional investors, including high-net-worth individuals (HNIs) and industrialist family offices. According to Bloomberg, Swiss lender Credit Suisse Group AG stopped accepting bonds issued by Adani Group companies as collateral for margin loans.
With a net worth of approximately $192.0 billion as of 5 January 2023, Bernard Arnault is the world's richest person, according to Forbes' billionaires' list. In the top two positions, Elon Musk has a net worth of $140.5 billion, while Gautam Adani from India has a net worth of $122.4 billion.
The Forbes list of the world's richest and wealthiest people changes daily, so it is not permanent.
Gautam Adani from India has invested in many other sectors such as the energy industry, aerospace industry, logistics sector, agriculture sector, etc. Adani & Family have become the richest people in Asia as a result. Soon, he may become the world's richest person because his wealth is growing by leaps and bounds if we notice the rate of growth of Gautam Adani's wealth.
In 2021, Gautam Adani earned Rs 1,612 crore per day, making him the world's second richest person and the top of the IIFL Wealth Hurun India Rich List 2022.
Adani is a Jain. He is also a member of the Jain International Trade Organization (JITO).
Gautam Adani, the founder of the Adani group, is married to Priti Adani. His wife, Priti Adani, leads the Adani foundation, headquartered in Ahmedabad, Gujarat, India.
Gautam Adani has purchased a palatial bungalow for Rs 400 crore in Delhi-Lutyens, Near Bhagwan Das Road, New Delhi, 110030, Delhi, India.
The Hindenburg report, the Adani group has engaged in the manipulation of stocks and accounting fraud.
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