Gautam Adani’s net worth
Current Net Worth – $83.4 Billion (USD – 8,340 Crores), (Rupees – 6.93 Lakh Crores)
Gautam Adani short biography
| Net Worth | $83.4 Billion |
|---|---|
| Born | June 24, 1962 (Age – 62) |
| Identified as | Founder, Adani Group |
| Status | Chairman, Adani Group |
| Education | Sheth Chimanlal Nagindas Vidyalaya school; Bcom, Gujarat University (dropped-out) |
| Nationality | Indian |
| Residence | Ahmedabad, India |
| Spousal Status | Married |
| Wife | Priti Adani |
| Children | 2 sons (Karan Adani, Jeet Adani) |
Gautam Adani is one of India’s top 5 richest persons withholding a net worth of $83.4 Billion (USD – 8,340 Crores), (Rupees – 6.93 Lakh Crores) in his pocket.
He is an Indian billionaire industrialist who is the chairman and founder of the Adani Group.
As of October 2020, according to Forbes, his family’s net worth is valued to be roughly $25.2 billion.
The Foundation is mainly directed by his wife, Priti Adani, although Gautam Adani is the president of the company.
In 2020, all of their companies registered a rally in their share prices, as Adani Gas shares rose 103%, while Adani Green Enterprises and Adani Energy shares rallied by 85% and 551%.
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Gautam Adani biography
| Full Name | Gautam Shantilal Adani |
| Birthplace | Ahmedabad, Gujarat, India |
| Height | 5.6 feet, 167 cm |
| Weight | 85 Kg |
| Father | Shantilal Adani |
| Mother | Shantaben Adani |
Gautam Adani was born on June 24, 1962, in a Jain family, in Ahmedabad, Gujarat, his father was Shantilal, and his mother was Shanti Adani.
His father was a textile merchant and he has 7 siblings.
Adani was enthusiastic about business since childhood, but he doesn’t want to hang with his father’s textile business.
His social media handle:
Our Adani Vidya Mandir school in Ahmedabad will be converted by the @AdaniFoundation into a COVID Care Centre with oxygen support and other medical amenities. This will lighten the ever-increasing patient load on our hospitals. विद्यादान से जीवनदान pic.twitter.com/MG0SQchVws
— Gautam Adani (@gautam_adani) April 30, 2021
Education
He has completed his high school education at Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad.
He got admitted to Gujarat University for a bachelor’s degree in commerce but dropped out after two years of graduation.
Career
In 1978, as a teenager, Adani walked to Mumbai to work as a diamond sorter for Mahendra Brothers and he served there for 2-3 years before establishing his own diamond brokerage company in Zaveri Bazar, Mumbai.
In 1981, his older brother Mansukhbhai Adani acquired a plastics company in Ahmedabad and invited Gautam for managing it well.
Through importing polyvinyl chloride (PVC), the proposal proved to be Adani’s entrance to international trading.
In 1985, he began importing major polymers for small enterprises.
In 1988, he specified Adani Exports Limited, the holding company of the Adani Group (presently known as Adani Enterprises Limited). The company serves in power and agricultural entities
In 1991, the financial advancement protocols proved to be optimistic for his venture and he commenced widening his businesses for exchanging in textiles and Agri products.
Gautam Adani established the early pier. Initially, it was regulated by Mundra Port and Special Economic Zone, the projects were later moved to SEZ Limited (APSEZ) and Adani Ports.
With the capability of dealing with nearly 210 million shipments in tons per year, Mundra Port became the biggest private sector port in India.
In 1996, Gautam Adani founded Adani Power Limited – the primary business section of the Adani Group.
In 2006, Adani also got into the energy production industry.
From 2009 to 2012, he procured Carmichael Coal in Queensland and Abbot Point Port in Australia.
The photovoltaic power plant project of 8000 MW will be taken up by Adani Green, and Adani Solar will launch 2000 MW of module manufacturing limit and extrasolar cell.
In 2018, he had a 75% stake in Adani Enterprises, 66% of shares in SEZ Limited & Adani Ports, 75% stake in Adani Transmission Limited and a 73% ownership in Adani Power.
Adani acquires the Abbott Point port and the Carmichael coal mine project in Australia, whose coal mineshaft is indicted as one of the world’s biggest coal mines.
Now, Adani has expanded into new endeavors such as data centers and airports; and enlarging further businesses.
In the year to March 31, 2020, Adani Enterprises, recorded a huge earning of 6.1 billion dollars.
In May 2020, Adani gained a victory in the world’s largest solar bid worth $6 billion by the Solar Energy Corporation of India (SECI).
In September 2020, Adani obtained a 74% stake in Mumbai International Airport, India’s second most active.
His company’s social media handles:
Private & early life
Gautam Adani is married to Priti Adani.
In 1998, he was kidnapped and held like a prisoner for ransom, however was left without gathering the money.
Surprisingly, he was at the Taj Hotel during the 2008 Mumbai attacks, but he came out safely according to God’s will, as he hid in the kitchen and toilet.
Controversy
During the Lok Sabha elections of India in 2014, Adani was prosecuted for various disputes, like supporting Narendra Modi for his campaign in the BJP party.
It proved wrong that Gautam Adani has no rapport with Modi, even though contending on national media, as Modi was seen trekking on Adani group chartered airplanes to rallies.
To disprove the claim, Gautam explained in a conference with CNBC that the BJP had paid the price to the Adani group to use their flying services.
It was claimed that the NDA government was in favor of Gautam Adani as it has waived a fine of Rs 200 crore on Adani Port and SEZ.
Gautam Adani made it clear in an interview that the penalty has not been removed from his companies and the government is not taking any endorsement of Adani in any way.
He explained that the Adani Group is only the mine’s contractual worker the mine is possessed by the Rajasthan Government.
Charity
In 1996, Gautam Adani founded the Adani organization, it was funded through Adani Group, and he is serving as the president.
The Foundation is regulated in the states of Gujarat, Rajasthan, Chhattisgarh, Maharashtra, Odissa, Himachal Pradesh, and Madhya Pradesh.
In March 2020, through his group’s charity portion he had contributed 100 crore rupees to the PM Cares Fund so that the nation can fight against the Coronavirus pandemic.
A contribution of 1 crore rupees to the Maharashtra CM Relief Fund and 5 crore rupees was donated to the Gujarat CM Relief Fund.
Net worth statistics
- March 2008 – $9.3 B
- March 2009 – $1.8 B
- March 2010 – $4.8 B
- March 2011 – $10.0 B
- March 2012 – $5.4 B
- March 2013 – $3.1 B
- March 2014 – $2.8 B
- March 2015 – $6.6 B
- March 2016 – $3.5 B
- March 2017 – $5.8 B
- March 2018 – $9.7 B
- March 2019 – $8.7 B
- April 2020 – $8.9 B
- April 2021 – $50.5 B
- April 2022 – $90.0 B
- April 2023 – $47.2 B
- April 2024 – $84 B
Gautam Adani Quote
“I analyze in my own way, in very simple, no-jargon language. If somebody is talking in a very complicated way, I never like that.”
– Gautam Adani
