Gautam Adani's Net Worth as of January 2023 is $127.7 Billion
Quick Facts of Gautam Adani
|Net Worth||$127.7 Billion|
|Height||5 ft 6 in|
|Date of Birth||24 June, 1962|
Gautam Adani is an Indian billionaire industrialist and philanthropist who is the chairman and founder of the Adani Group, an Ahmedabad-based multinational conglomerate involved in port development and operations in India.
Is Gautam Adani Self made?
Yes, an Indian billionaire Gautam Adani from Gujarat is a self-made billionaire. He is now the Infrastructure tycoon who controls Mundra Port.
Gautam Adani’s Bio, Age
Adani was born on June 24, 1962, in Ahmedabad, Gujarat, India. He was born to his parents, father Shantilal who worked as a small-time textile dealer, and mother Shanti Adani.
He has seven siblings, and his parents moved from the northern Gujarat town of Tharad to expand business opportunities. He is 60 years old as of 2022 ad was born under the zodiac sign of Cancer.
From his early childhood, he was not interested in studies rather he was curious and interested in business and entrepreneurship. He received his education at Ahmedabad’s Sheth Chimanlal Nagindas Vidyalaya and is a school dropout.
He studied at Gujarat University for a bachelor’s degree in commerce but dropped out after the second year since he was ambitious about business.
He holds Indian nationality and follows Jainism. His hobbies include aviation, reading books, and many more. He is known as Port King of India.
Gautam Adani’s Height and Weight
Gautam Adani’s height is 5 feet 6 inches, which is 168 centimeters. His body weight is about 85 kg, he takes a proper diet to keep his body fit but his body measurement is not known. He has black eyes and hair color.
Which companies are owned by Gautam Adani?
Gautam Adani own more than 10 companies which includes, Adani Enterprises, Adani Green Energy, Adani Ports and SEZ, Adani Transmission, Adani Total Gas, Adani Power, Adani Wimar, etc.
Gautam Adani’s Career
Gautam Adani is a business magnate from India who formed the Adani Group, a multinational conglomerate based in Ahmedabad.
The corporation, which was founded in 1988, is now a key player in a variety of industries, including coal trading, coal mining, oil and gas exploration, ports, multimodal transportation, and power generation. He surely inherited his forefathers’ business skills as he was born into a business family.
When he was 18, his business spirit drove him to leave Ahmedabad and relocate to Mumbai. The young man, who only had a few hundred rupees, was determined to make it big.
He began his career as a diamond sorter at Mahindra Brothers before launching his own diamond trading firm after a few years. His firm prospered, and by the age of 20, he had amassed a million-dollar fortune.
Gautam Adani’s elder brother had recently purchased a plastic plant in Ahmedabad and requested his assistance in running it.
Adani returned to Ahmedabad and joined his brother’s company. Soon after, he began commodity trading by importing Polyvinyl Chloride (PVC), a major raw ingredient for plastic manufacture, and traveled to South Korea to make a contract for PVC imports.
In 1988, he established Adani Exports Limited (now known as Adani Enterprises Ltd). The company began by dealing in agricultural commodities and power, but it grew over time. The 1991 liberalization and economic reforms bolstered Adani’s company, resulting in more sales and profits.
Adani was able to swiftly expand his company due to the favorable business environment. The Gujarat government solicited private companies to administer the Mundra Port in 1993, and Adani was awarded the contract in 1995.
Mundra Port & Special Economic Zone Ltd was the first to operate it, and it was eventually enlarged into Adani Ports and Special Economic Zone Limited (APSEZ).
It is now the largest private multi-port operator in India. Gautam Adani launched Adani Electricity Limited, the Adani Group’s power industry arm, in 1996.
The firm is India’s largest private power generator as well as the country’s largest solar power producer. Adani has also been a source of great debate.
He has been accused of receiving special benefits from Gujarat’s then-Chief Minister, Narendra Modi, in exchange for supporting Modi’s 2014 election campaign. The allegations have been refuted by Adani.
Adani entered the power generation business in 2006. He bought Abbot Point Port in Australia and the Carmichael coal mine in Queensland between 2009 and 2012.
A protester holding a sign opposing the Carmichael coal mine owned by Adani Group. Adani won the world’s largest solar bid, worth US$6 billion, from the Solar Energy Corporation of India (SECI) in May 2020.
Adani Green will take on the 8000MW photovoltaic power plant project, while Adani Solar will add 2000MW of solar cell and module production capacity.
Adani bought a 74% share in Mumbai International Airport, India’s second busiest after Delhi, in September 2020. He surpassed Mukesh Ambani as Asia’s richest person in February 2022.
Adani Ports and Special Economic Zone Limited (APSEZ) currently runs eight ports across India and is building a transshipment center in Kerala. It is India’s first multi-product special economic zone built on a port.
Through the Adani Foundation, the Adani Group is involved in a lot of philanthropic initiatives. In addition to Gujarat, the foundation works in several other states, focusing on education, sustainable livelihood options, and expanding rural infrastructure, among other things.
His wife manages the Adani Vidya Mandir, an Ahmedabad school that accepts only pupils whose parents earn less than Rs.1 lakh per year. The organization has a unique program for assisting fishermen, and it gives financial aid to 500 fishermen from the coastal taluka to help them purchase fishing equipment.
The children of the fisherman are provided with educational opportunities. In 2012, the Adani Foundation partnered with IndiaSkills, a joint venture in vocational training, and City & Guilds, one of the leading providers of work-related assessment and qualifications, to open a skills training center in Gujarat that would offer courses in retail, hospitality, security, construction, and engineering.
In 2014, the Adani Foundation, the Adani Group’s Corporate Social Responsibility arm, received the 3rd Annual Greentech CSR Award.
Recently, in 2022, Gautam Adani donated over Rs 60k crore in order to slew a social cause by marking his 60th birthday and the donation will be managed by Adani Foundation for education, skill developments, etc.
Is Gautam Adani richer than Mukesh Ambani?
As of August 2022, Gautam Adani is richer than Mukes Ambani with the net worth of $146 billion whereas Mukesh Ambani’s net worth is $95.4 billion.
Gautam Adani’s Wife, Children
He married Preeti Adani, a dental surgeon who also serves as the Managing Trustee of the Adani Group of Companies. She is an Indian philanthropist and the chairwoman of the Adani Foundation, as well as one of Gujarat’s premier female educators.
Karan Adani and Jeet Adani, the couple’s two sons, were born to them.
Karan Adani is the CEO of Adani Ports & SEZ Limited as well as the director of Adani Airport Holdings Limited. Forbes India named him to their list of “Tycoons of Tomorrow” in 2008. He married Paridhi Shroff in 2013 and they have a daughter together.
Jeet Adani is the Vice President of Finance for the Adani Group, a conglomerate. In 2018, he launched an acquisition effort for the Tamil Nadu port of Kattupalli (about 30 km from Chennai Port and adjoining the Ennore Port).
The port was purchased from Larsen and Tubro, making it the APSEZ network’s tenth port. He was named Vice President of the Finance Group in 2019 which is in charge of the Adani Group’s finances. His personal life is kept private.
Did Gautam Adani donate his money?
A billionaire Gautam Adani and his family have donated Rs 60k crore for a social cause marking his 60th birthday.
Gautam Adani’s Net Worth
Gautam Adani has an estimated Net Worth of $127.7 billion. Gautam Adani is now the second-richest businessman in the world.
He owns expensive cars like BMW, Ferrari, and Limousines and has different private jet collections. He currently resides in Gurgaon, India.
Gautam Adani on Social Media
He constantly updates the media and the public with videos and photos from his personal and business lives. He is well-known on social media sites, which play an important part in today’s technological society.