Gautam Adani's Net Worth as of February 2024 is $61.7 Billion
Quick Facts of Gautam Adani
|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 merger 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 industrialist who controls Mundra Port.
Gautam Adani’s Bio, Age
Adani was born on June 24, 1962, in Ahmedabad, Gujarat, India. He was born to parents Shantilal Adani (father) and Shanti Adani (mother). Shantilal worked as a small-time textile dealer.
He has seven siblings, and his parents moved from the northern Gujarat town of Tharad to expand their business. Gautam’s zodiac sign is Cancer.
From his early childhood, he was not interested in studies rather he was curious and interested in business and entrepreneurship.
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 attended Ahmedabad’s Sheth Chimanlal Nagindas Vidyalaya.
He studied at Gujarat University to obtain a bachelor’s degree in commerce but dropped out after the second year since he was ambitious about business.
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, and he takes a proper diet to keep his body fit. His hair color and eye color are both black.
Which companies are owned by Gautam Adani?
Gautam Adani owns more than 10 companies which includes, Adani Enterprises, Adani Green Energy, Adani Ports and SEZ, Adani Transmission, Adani Total Gas, Adani Power and Adani Wimar.
Gautam Adani’s Career
India’s Gautam Adani is a rich businessman who started the Adani Group, a multinational company with headquarters in Ahmedabad.
The company was started in 1988 and is now a major player in many industries, such as coal trading, coal mining, oil and gas exploration, ports, multimodal transportation, and energy production. He was born into a business family, so he probably got his business skills from family members.
When he was 18, he moved from Ahmedabad to Mumbai because he wanted to start a business. With only a few hundred rupees, the young man was determined to make it big.
He started out as a diamond analyser at Mahindra Brothers. After a few years, he started his own diamond trading business. His business did well, and by the time he was 20, he had made millions of dollars.
Gautam Adani’s older brother just bought a plastic plant in Ahmedabad and asked Gautam to help him run it.
Adani went back to Ahmedabad and went to work for his brother’s business. Soon after that, he started trading goods and services by bringing in Polyvinyl Chloride (PVC), a key raw material for making plastic. He went to South Korea to sign a contract for PVC imports.
He set up Adani Exports Limited in 1988. (now known as Adani Enterprises Ltd). At first, the company traded in farm goods and power, but over time, it grew. The economic reforms and globalisation that happened in 1991 helped Adani’s business grow and make more money.
Because things were good for business, Adani was able to quickly grow his company. In 1993, the government of Gujarat asked private companies to run the Mundra Port. Adani got the contract in 1995.
The first company to run it was Mundra Port & Special Economic Zone Ltd., which grew into Adani Ports and Special Economic Zone Limited (APSEZ).
It is now India’s biggest private company that runs more than one port. Gautam Adani started Adani Electricity Limited in 1996. It is the power business arm of the Adani Group.
The company is India’s largest private power generator and also makes more solar power than any other company in the country. Also, there has been a lot of talk about Adani.
He has been accused of getting special treatment from Narendra Modi, who was Chief Minister of Gujarat at the time, in exchange for helping Modi win the 2014 election. Adani has said that the claims are not true.
In 2006, Adani got into the business of providing electricity. Between 2009 and 2012, he bought the Abbot Point Port in Australia and the Carmichael coal mine in Queensland.
A person holding a sign against the Adani Group’s Carmichael coal mine. In May 2020, the Solar Energy Corporation of India (SECI) gave Adani the world’s largest solar bid, worth US$6 billion.
Adani Green will take on the project for the 8000MW photovoltaic power plant, and Adani Solar will add 2000MW of production capacity for solar cells and modules.
Adani bought a 74% share of Mumbai International Airport, India’s second busiest after Delhi, in September 2020. He beat 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.
The Adani Foundation 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 students 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 equipments.
The children of the fisherman are provided with educational opportunities. In 2012, the Adani Foundation partnered with IndiaSkills, a joint offer in vocational training, and City & Guilds, one of the leading providers of work-related analysis 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 and skill development.
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.
They have to sons named Karan Adani and Jeet Adani.
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.
Karan married Paridhi Shroff in 2013 and they have a daughter together.
Jeet Adani is the Vice President of Finance for the Adani Group, a merger.
Did Gautam Adani donate his money?
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 $61.7 billion.
He owns expensive cars like BMW, Ferrari, and Limousines and has different private jet collections. He currently resides in Gurgaon, India.