Gautam Adani Net Worth: Personal Information, Business Formation, Awards & Accolades, Links of Interest

Gautam Adani is an Indian businessman and manager, known for being the founder and CEO of the multinational Adani Group. The company is one of the largest conglomerates in India, with interests in multiple sectors, from the export of coal, gas exploration, international logistics or renewable energy. We let you know all the information about this famous personality.

The Adani Group ports and special economic zone today consists of more than 8 Indian seaports, forming the first zone of its kind in the country. Gautam is also known for his voracity in business, taking great risks to grow his companies in the competitive local market. His great success has led him to be compared to other great businessmen, both Indian and international.

Gautam Adani Net Worth:

• Full Name: Gautam Shantilal Adani

• Date of Birth: 24 June 1962

• Place of Birth: Ahmedabad, Gujarat, India

• Age (as of 2021): 60

• Height: 1.67m

• Known for: Founder and chairman, Adani Group President, Adani Foundation

• School: Sheth Chimanlal Nagindas Vidyalaya School, Ahmedabad, India

• College/University: Gujarat University, India

• Educational Qualification: Started Bachelors in Commerce (Dropped out in IInd year)

• Father’s Name: Shantilal Adani

• Mother’s Name: Shanti Adani

• Marital Status: Married

• Spouse: Priti Adani

• Children: Karan Adani and Jeet Adani.

• Net Worth: $90.1B (as of 1/14/22) Forbes

• Source of Wealth: Infrastructure, Commodities, Self Made

Gautam Adani Business Information

Businessman

During 1981, his older brother acquired a plastics unit in Ahmedabad and proposed that he manage its operations. In 1985 he entered world trade through the importation of polyvinyl chloride (PVC) for small-scale industries. Three years later he founded Adani Exports, today known as Adani Enterprises, the holding company of the Adani Group, initially focused on agricultural and energy products.

Click here to know more about Gautam Adani Business- https://www.adani.com/about-us/one-vision-one-team/gautam-adani

Adani Group

Founded in 1988 as a trading company, the Adani Group is an Indian conglomerate that controls ports, airports, coal mines and food companies. The group, made up of seven companies (parent company Adani Enterprises, Adani Green Energy, Adani Ports & SEZ, Adani Transmission, Adani Total Gas, Adani Power and Adani Wilmar), is valued at $120 billion.

It reports to six airports in India (Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram), whose maintenance is set by contract for a period of fifty years, and coal mines located in Indonesia and Australia.

Multimillionaire

Its presence in India’s key growth sectors has boosted its fortunes. As of January 2023, he was ranked as the richest man in Asia and one of the richest men in the world, with an estimated personal fortune of more than $119 billion.

Described as close to Indian Prime Minister Narendra Modi and his ruling right-wing Bharatiya Janata Party, he was accused of cronyism, as his companies won numerous government energy and infrastructure contracts from India after Modi became prime minister.

Accusation

As of January 24, 2023, the Adani Group conglomerate was accused of fraud and manipulation, revaluation of its shares by 819% in just three years, and accounting fraud, as well as laundering its assets for decades, by Hindenburg Research of New York, in a report titled “Adani Group: How the World’s Third Richest Man Is Pulling Off the Biggest Scam in Corporate History”.

After the report was released, his net worth dropped by more than 73% in just a few months. As of February 27, 2023, he has dropped from position 3 to position 22 in the Forbes billionaires index, the world’s richest billionaires list.

Despite Adani and Modi denying accusations of cronyism, the businessman had to cancel a major stock deal, valued at 2.5 billion dollars, one of the largest IPOs in India, due to insufficient support.

Gautam Adani net worth

Gautam Adani’s estimated net worth in 2022 according to Forbes magazine is 116,000 million thanks to the success of his company, the Adani Group, from which he controls shares in sectors such as infrastructure, air transport, plastic or international trade.

Links of interest

Know more information from his: Gautam Adani Wikipedia, Gautam Adani Video

Gautam Adani Net Worth Awards & Accolades

Gautam Adani received the Corporate Social Responsibility (CSR) award for his actions through the Adani Foundation.

Final words

According to some reports, he contributed around Rs 100 crore to the PM Cares Fund in March 2020. In addition, around Rs 5 crore was contributed to the Gujarat CM Relief Fund and Rs 1 crore to the Maharashtra CM Relief Fund.

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