Gautam Adani, the founder and chairman of the Adani Group, a worldwide company with headquarters in India and first-generation entrepreneur, has a net worth of $124 billion. He aims to combine growth and goodness through his vision of building a strong nation.
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Gautam Adani Net worth
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| Gautam Adani Net Worth |
Gautam Adani is an Indian businessman and self-made billionaire who serves as the chairman of the Adani Group. The Adani Group, is a top-tier integrated infrastructure business that operates in various sectors such as ports, multimodal transportation, power generation, transmission, and gas distribution. Additionally, the company is involved in coal trading, coal mining, oil and gas exploration, and gas distribution.
Gautam Adani Profile Review
| Nationality | Indian |
|---|---|
| Name | Gautam Adani |
| Gautam Adani net worth | $124 Billion |
| Gautam Adani Net Worth In Indian Rupees | Rs. 10.30 Lakh Crore |
| Salary | 1,80,000 Crore + |
| Monthly Income | 15,000 Crore + |
| Age | 60 Years |
Gautam Adani Biography
Gautam Adani, a first-generation businessman from a modest
background, has quickly risen to lead the $8 billion professional business
empire known as the Adani Group. Currently, his net worth is $124 billion. He
is considered one of the top 100 business leaders in the world, having built
significant infrastructure for trade transportation.
Gautam Adani was born on June 24, 1962, in the Seth Ni Pol
neighborhood of Rantipole, Ahmedabad, to a Gujarati Jain family. His parents,
Shantilal Jain and Shanta Jain Adani, have seven children. Adani is his
parents' gotra and they moved to the northern region of Gujarat from Tharad in
search of employment.
Gautam Adani Net Worth 2023
According to the Bloomberg Billionaires Index, Gautam Adani's net worth surpassed $125 billion on Monday, surpassing Mukesh Ambani's $87.9 billion. Adani, previously ranked fifth, has seen an increase of $12 billion in his wealth this year, making him the wealthiest person in the world. He is commonly known as "the coal magnet.
Gautam Adani's net worth continues to grow as he expands his
business interests beyond fossil fuels to include renewable energy, airports,
data centers, and military contracts. While 2020 was a successful year for
Mukesh Ambani's Reliance Industries, due to a technical breakthrough that
attracted investors like Facebook and Google, the pendulum has now shifted back
towards Adani.
Gautam Adani, according to the Forbes Real-Time Billionaire list, has overtaken Mukesh Ambani as Asia's wealthiest person. This also makes him the richest man in India. In 2021, Adani's net worth increased by $55 billion, compared to Mukesh Ambani's $14.3 billion growth in wealth.
Gautam Adani Family overview
Gautam Adani was born in Ahmedabad, Gujarat, to Shantilal
Adani and Shantaben Adani, a Jain family. He has seven siblings. Adani runs the
Adani Foundation and is married to dentist Priti Adani, together they have two
sons, Karan and Jeet Adani.
An Early Life of Gautam Adani
The Adani Group operates in
various sectors such as ports, multimodal transportation, power generation,
transmission, and gas distribution, making it a top-tier integrated
infrastructure business. Additionally, the company is involved in coal trading,
mining, oil and gas exploration, and gas distribution.
Gautam Adani, who comes from a humble background and is a
first-generation businessman, has quickly risen to the helm of the $8 billion
Inti Group. His net worth is significant and he is considered to be one of the
top 100 business leaders globally, due in part to his success in creating
infrastructure for trade transportation.
Gautam Adani, an Indian businessman and self-made
billionaire, was born on June 24, 1962, in the Seth Ni Pol neighborhood of
Ratanpole, Ahmedabad, to a Gujarati Jain family. His parents were Shantilal
Jain and Shanta Jain Adani and he has seven siblings. His parents, who came
from the Adani gotra, moved to northern Gujarat from Tharad in search of
employment opportunities.
Gautam Adani Career Overview
Gautam Adani, from a young age, had an interest in business
and had aspirations to start his own company. Instead of inheriting his
father's textile business, he decided to pave his own path. His career journey
began in 1978 as a teenager when he moved to Mumbai and worked as a diamond
sorter for Mahindra Brothers. He worked there for a couple of years before
opening his own diamond brokerage in the famous Zaveri Bazaar in Mumbai.
Gautam Adani began his career in business by working as a
diamond sorter in Mumbai before starting his own diamond brokerage. In 1981,
his older brother asked him to oversee operations for a plastics business in
Ahmedabad, which served as Adani's entry point into international trade through
imports of polyvinyl chloride (PVC).
In the 1980s, Gautam Adani began importing basic polymers
for small-scale companies and in 1988, he established Adani Exports, which is
now known as Adani Enterprises. The firm deals in agricultural and
energy-related commodities and the business grew in the 1990s. The economic
liberalization measures in 1991 helped Adani to expand the company into selling
metals, textiles, and agricultural items.
In 1995, Gautam Adani was awarded
a contract to build Mundra Port, which he did and later took over the operation
of the port. He also established Adani Power in 1996, which has grown to become
one of India's leading thermal power generators. Additionally, Adani Ports
& SEZ is the largest privately owned multi-port operator in the country. In
1996, Adani Group established Adani Power, which has now become the largest
generator of thermal power in the country and has a capacity of over 4620 MW.
Rephrase: In 2006, Gautam Adani expanded his business into the electricity generation industry. Between 2009 and 2012, he procured the Carmichael coal mine in Queensland, Australia, and Abbot Point Port.
In May
2020, Adani secured a $6 billion contract for the world's largest solar project
from the Solar Energy Corporation of India (SECI). His future plans for Adani
Green Energy include building an 8000 MW photovoltaic power plant and adding
2000 MW of production capacity for solar cells and modules through Adani Solar.
FAQ regarding Gautam Adani Net Worth
When did Gautam Adani begin importing raw materials for
small-scale businesses?
Gautam Adani began importing basic polymers for small-scale
companies in 1985.
What year did Gautam Adani establish the Adani Group?
Gautam Adani established the Adani Group in 1988.
Why Adani shares are falling now?
The Adani group stocks, including Adani Power, have experienced a steep decline due to a combination of factors, including the release of a negative research report on the company and profit-taking ahead of the 2023 budget. A daily close below Rs 247 could lead to additional declines, reaching as low as Rs 217.
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