Gautam Adani is the newly declared billionaire of the year. Gautam Shantilal Adani is an Indian billionaire industrialist. He is the chairman and founder of the Adani Group, founded in 1988.
It is an Ahmedabad-based multinational conglomerate that has diversified business in resources, logistics, energy, agriculture, defense, and aerospace.
Adani Group is involved in port development and operations in India. Adani is the president of the Adani Foundation, which is primarily led by his wife, Priti Adani.
In 2023, Gautam Adani’s net worth is US $7120 Crore as declared by Forbes. He is declared to be the second richest man in India. He was declared second richest in 2023, and he has been holding that position since then.
In 2023, India today declared Gautam Adani as the third most powerful person in India.
He holds a 66% stake in Adani Ports & SEZ Limited, a 75% stake in Adani Enterprises, a 73% stake in Adani Power, and a 75% stake in Adani Transmission Limited.
Also Read: Ashneer Grover Founder of BharatPe | Ashneer Grover Shark Tank India
Gautam Adani and His Family
Gautam Adani was in Ahmedabad, Gujrat, on 24 June 1962. He was born in a Jain family to Shantilal and Shanti Adani and has seven siblings.
His parents migrated to Ahmedabad from the town of Tharad, which is in the northern part of Gujrat.
He was educated at the Sheth Chimanlal Nagindas Vidyalaya in Ahmedabad. After his schooling, he earned a bachelor’s degree in Commerce.
But he dropped out after the second year. He has a keen interest in business, but not in his father’s textile business.
Also Read: Top 10 Gainers from Shark Tank India Season 1
Gautam Adani is married to Priti Adani. Priti Adani is a dental surgeon and known as a women’s educator in Gujrat. She started Adani DAV school in Mundra.
They also build the Adani Vidya mandir in Bhadreshwar and Ahmedabad. Gautam and Priti Adani have two sons, Karan Adani and Jeet Adani. Karan Adani is married to Paridhi Adani and has a daughter, Anuradha Adani.
Also Read: Vineeta Singh CEO Of Sugar Cosmetics | Vineeta Singh Judge of Shark Tank
Rise of the Gautam Adani Empire
In 1978, as a teenager, Adani went to Mumbai to work as a diamond sorter for Mahendra Brothers. He worked for Mahendra Brother for two or three years and then established his diamond brokerage firm in Zaveri Bazaar, Mumbai.
Later in 1981, Mansukhbhai Adani took over a plastic unit in Ahmedabad. He invited Gautam Adani to manage the operations. This venture turned out to be a gateway to global trading for Polyvinyl chloride imports.
Also Read: Anupam Mittal Investor & Founder of Shaadi.Com | Anupam Mittal Biography, Net worth & Family
In 1985, Adani started importing primary polymers from various small-scale industries.
In 1988, Adani established Adani Exports Limited. It is now known as Adani Enterprises Limited. This group originally dealt with agricultural and power commodities.
In 1991, new economic liberalization policies worked out to be favorable for the Adani Group of Companies. In this year he started diversifying his business. He entered into trading of metals, textiles, and Agro products.
Also Read: Aman Gupta Co-Founder Boat, Net Worth, Stakes & his Lifestyle | Shark Tank India Judge Aman Gupta
In 1995, Adani Group bagged the contract for managerial outsourcing of Mundra Port, which was announced by the government in 1994.
In the same year, he set up his first jetty, which was initially operated by Mundra Port and Special Economic Zone. The operations were then transferred to Adani Ports and SEZ Limited.
In 1996, Adani founded Adani Power Limited, which was the earlier power business arm of Adani Group. As of date, Adani Power has thermal power plants with a capacity of 4620 MW.
This is the largest private thermal power producer in the country. In 2006, he entered the Power generation business full-fledged. Between 2009 and 2012, he acquired Abbot Point Port in Australia and Carmichael Coal in Queensland.
In May 2020, Adani won the world’s largest solar bid by the Solar Energy Corporation of India (SECI) worth $6 billion.
The 8000 MW photovoltaic power plant project will be taken up by Adani Green, and Adani Solar will establish 2000MW of additional solar cell and module manufacturing capacity.
Also Read: Peyush Bansal Founder & CEO of Lenskart | Stake & Holding of Peyush Bansal in Lenskart
Diversification of Gautam Adani’s Businesses
Adani spent almost two decades building an empire with fossil fuels such as coal. But now Gautam Adani has a vision to look beyond the fossil fuel to secure his group’s future.
He has an ambitious plan which is getting boosted by political developments. Adani has a diversified business portfolio in mines, power plants, and ports.
Now he has a vision to enter airports, data centres, and defence which is crucial to meet India’s economic goals.
Investors are rewarding the pivot, betting the tycoon’s strategy of dovetailing his interests with the government’s development program will pay off.
With all this diversification, Adani has emerged as the king of Indian infrastructure.
Also Read: Warren Buffett Stocks & Investments | Warren Buffett’s Views on the Economy
Airports and Ports Acquire & Managed by Gautam Adani
Almost in two years, Adani has gained control over seven airports, which contributes to a quarter of India’s air traffic. As a visionary, he has shown interest in renewable energies and plans to boost the same by eightfold by 2025.
By doing so he has well positioned himself to cope with the government targets to cut net greenhouse gas emission by mid-century.
Also Read: What did Elon Musk Invent | What is Elon Musk IQ | More Interesting Facts About Elon Musk
He also won a contract to co-develop a port terminal in Sri Lanka, a neighbor India is courting to check China’s influence in the region. Adani Enterprises Ltd. signed a pact with EdgeConneX to develop and operate data centers across India.
The development comes at a time when the Adani Group is rapidly expanding its footprint in diversified sectors, including airports business and data centers.
Recently, Adani Ports and Special Economic Zone Limited announced that Windy Lakeside Investment Ltd, a unit of Warburg Pincus, will invest Rs 800 crore for a 0.49 percent stake in the company.
Also Read: Who is Gautam Adani | Gautam Adani Net Worth | Gautam Adani Latest News
Billionaire Gautam Adani as an Investor
Tim Buckley said,” Adani has invested most sensibly in long-dated infrastructure projects. This would help the group to prosper under his leadership and witness a surge in global investor interest as long as India sustains strong growth.”
Gautam Adani is the president of the Adani Foundation, funded through the Adani Group. It was founded in 1996. Other than Gujarat, the Foundation operates in the states of Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh, and Odisha.
In March 2020, through his philanthropy arm, Gautam Adani contributed ₹100 crores to the PM CARES Fund to fight the Coronavirus outbreak.
He also contributed ₹5 crore to the Gujarat CM Relief Fund and ₹1 crore to the Maharashtra CM Relief Fund.
Interesting Facts About Gautam Adani
He was abducted and held hostage for ransom in 1998 but was released without collecting the money. He was in the Taj Hotel during the 2008 Mumbai attacks.
Today, Gautam Adani is considered being port tycoon for whom Nation-building is transforming the coastline of India by building a series of ports and logistics hubs, thus generating several tens of thousands of jobs.
The Group has a strong track record of working with global leaders who want to participate in India’s growth story.
Also Read: Who is Kalpana Saroj | Most Inspirational Women Entrepreneurs in India
Gautam Adani’s Net Worth
In 2023, his net worth is US $7120 Crore as declared by Forbes. He is declared to be the second richest man in India.
He was declared second richest in 2023, and he has been holding that position since then. In 2023, India today declared Gautam Adani as the third most powerful person in India.
Also Read: Who is Vishal Jain | Journey of a Pokemon Card Seller to a Successful Entrepreneur
Business Tycoon Gautam Adani: FAQ
Who is Gautam Adani
Gautam Adani is the newly declared billionaire of the year. Gautam Shantilal Adani is an Indian billionaire industrialist. In 2023, his net worth is US $7120 Crore as declared by Forbes. He is declared to be the second richest man in India.
What is the Net Worth of Gautam Adani?
In 2023, his net worth is US $7120 Crore as declared by Forbes. He is declared to be the second richest man in India. He was declared second richest in 2023, and he has been holding that position since then. In 2023, India today declared Gautam Adani as the third most powerful person in India.
Companies of Gautam Adani
Gautam Adani is the CEO of Adani Group. Gautam Adani is the owner of:
1. Adani Enterprises Limited.
2. Adani Ports & Special Economic Zone Ltd.
3. Adani Power Ltd.
4. Adani Transmission Ltd.
5. Adani Green Energy Ltd.
6. Adani Gas Limited.
Who was Kidnapped in 1998
Gautam Adani was abducted and held hostage for ransom in 1998 but was released without collecting the money. Gautam Adani was in the Taj Hotel during the 2008 Mumbai attacks.
Know More:
- Pradhan Mantri Kisan Samman Nidhi Scheme | PM Kisan Samman Nidhi 2024 Status
- Malik Movie Review – Outstanding Crime Saga by Fahadh Faasil on Amazon Prime
- Top 10 Best Universities in France | Best French University for Higher Education
- Top 10 Best Animation & VFX Colleges in India Online & Offline
- Top 20 Remote Work-from-Home Destination in India in 2024
About Author
