Gautam Shantilal Adani is an Indian billionaire businessman. He’s the chairman and founder of the Adani Group, an Ahmedabad-based multinational conglomerate involved in port development and operations in India. Adani is also the president of the Adani Foundation, which is in general led using his wife, Priti Adani.
He founded The Adani Group in 1988 and Diversified his business into resources, logistics, energy, agriculture, defense, and aerospace, among others. In step with Forbes, his family’s net worth is estimated to be around US$79.6 Billion as of eight December 2024. He become the second richest man in Asia and the 13th richest man in the world according to Forbes, a spot that he attained in 2024. As of 2018, he had a 66% stake in Adani Ports & SEZ, seventy-five% stakes in Adani establishments, seventy-three% stake in Adani strength, and a 75% stake in Adani Transmission. On 17 June 2024, Adani lost the identity of the second richest man in Asia due to the sudden decrease in share prices of the Adani group.
Early Life
Adani was born on 24 June 1962 in a middle-class Jain own family to Shantilal and Shanti Adani in Ahmedabad, Gujarat. He has 2 siblings and his parents had migrated from the town of Tharad inside the northern part of Gujarat. His father was a small textile service provider. He was educated at Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad. He enrolled for a bachelor’s diploma in commerce at Gujarat college, However, dropped out after the second year. Adani was keen on business, However no longer his father’s textile business.
Career
In 1978, as a teenager, Adani moved to Mumbai to work as a diamond sorter for Mahendra Brothers. He worked there for 2–3 years earlier than setting up his very own diamond brokerage firm at Zaveri Bazaar, Mumbai.
In 1981, his elder brother Mansukhbhai Adani bought a plastics unit in Ahmedabad and invited him to manage the operations.
In 1985, he started out importing primary polymers for small-scale industries. In 1988, Adani established Adani Exports, now known as Adani enterprises – the ho; ding companies of the Adani Group.
In 1991, the economic liberalization guidelines turned out to become out to be favorable for his company and he began increasing the business into trading of metals, textiles, and agro products.
In 1994, the government of Gujarat announced managerial outsourcing of the Mundra Port, and in 1995, Adani got the contract.
In 1995, he started the first jetty. In the beginning, operated using Mundra Port & Special Economic Zone, the operations have been transferred to Adani Ports & SEZ (APSEZ).
In 1996, the power business arm of the Adani group, Adani power, was founded by Adani.
In 2006, Adani entered the power generation business. From 2009 to 2012, he obtained Abbot Point Port in Australia and Carmichael coal mine in Queensland.
In May 2020, Adani received the World’s largest solar bid through the Solar Energy Corporation of India (SECI) well worth $6 billion.
In November 2024, he became Asia’s richest man, surpassing Mukesh Ambani.
Personal life
Adani is married to Priti Adani. He become abducted and held Hostage for Ransom in 1998, however, was launched without gathering the money. He was in the Taj resort all through the 2008 Mumbai attacks.
Gautam Adani Net Worth
Gautam Adani Net Worth is $88.80 Billion (6.61 Lakh Crores INR (8,880 crores USD)) as of Nov 2024. Gautam Adani is now the second Richest Asian and fourteenth Richest businessman in the World. Industrialists play a major part in shaping the economic system of a country. They’re the only ones who goals big, take risks, diversify the funds in different businesses and create jobs and sources for others. Mr. Gautam Adani is one such outstanding Industrialist.
