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Gautam Adani, Second Richest Man in the World

Gautam Adani, an Indian business magnate, was born on June 24, 1962. He is the founder and chairman of the Adani Group, a large corporation with offices in Ahmedabad that builds and manages ports all throughout India. Adani also oversees the Adani Foundation, which is primarily managed by his wife, Priti Adani. He is the wealthiest person in both India and Asia as of September 21, 2022, with a net worth of US$158.3 billion. He is the second-richest person in the world, behind Elon Musk, according to the Bloomberg Billionaires Index, and he is also ranked second in Forbes’ real-time billionaire index.

Adani has 7 number of siblings. His parents had left their hometown of Tharad in Gujarat’s northern region. His father was a modest businessman of textiles. He received his education at Sheth Chimanlal Nagindas Vidyalaya in Ahmedabad. He enrolled at Gujarat University to study commerce but dropped out after the first year. Adani had a passion for business but not for his father’s textile company.

In Short, Who is  Gautam Adani?

Full NameGautam Shantilal Adani
Nick Name/Celebrated Name:Gautam Adani
Birth Place:Ahmedabad
Date Of Birth/Birthday:24 June 1962
Age/How Old:59 years old
Social MediaTwitter
Height/How Tall:In Centimeters – 167 cm In Feet and Inches – 5’6”
Weight:In Kilograms – 85 kg In Pounds – 187 lbs
Eye Color:Black
Hair Color:Black
Parents Name:Father – Shantilal Adani Mother – Shanta Adani
Siblings:Mahasukh Adani, Vinod Adani, Vasant S. Adani, Rajesh Shantilal Adani
School:Sheth Chimanlal Nagindas Vidyalaya School, Ahemdabad, India
College:Gujarat University, India
Religion:Jainism
Nationality:Indian
Zodiac Sign:Cancer
Gender:Male
Sexual Orientation:Straight
Marital Status:Married
Girlfriend:N/A
Wife/Spouse Name:Priti Adani
Kids/Children Name:Karan Adani, Jeet Adani
Profession:Chairman, Founder of Adani Group
Gautam Adani Net Worth$155.5 Billion
In Short, Who is  Gautam Adani?

Adani’s Career

While still a teenager, Adani moved to Mumbai in 1978 to work as a diamond sorter for Mahendra Brothers.

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In 1981, his older brother Mahasukhbhai Adani bought a plastics factory in Ahmedabad and asked him to run the business. This company ultimately served as Adani’s gateway into international trade through the importation of polyvinyl chloride (PVC).

In 1985, he started importing fundamental polymers for small businesses. The parent firm for the Adani Group, now known as Adani Enterprises, Adani launched Adani Exports in 1988. The company first traded commodities linked to agriculture and energy.

In 1991, as economic liberalisation policies began to benefit his company, he started to diversify into selling metals, textiles, and agricultural products.

In 1994, the Gujarati government declared that the management of the Mundra Port would be outsourced, and Adani received the contract in 1995.

He constructed the first jetty in 1995. Mundra Port & Special Economic Zone used to run the operations, but they were transferred to Adani Ports & SEZ (APSEZ). The company now operates more private multi-port ports than any other. The largest private sector port in India, Mundra Port, with a yearly capacity of around 210 million tonnes of cargo.

The company’s electricity division, Adani Electricity, was founded by Adani in 1996.

Adani Power, the biggest private provider of thermal electricity in the country, is the owner of thermal power plants with a combined capacity of 4620 MW.

In 2006, Adani launched its operations as a power generation firm. Between 2009 and 2012, he acquired the Carmichael coal mine in Queensland and the Abbot Point Port in Australia.

The Solar Energy Corporation of India (SECI) held a $6 billion worldwide solar auction in May 2020, and Adani came out on top. The 8000MW photovoltaic power plant project will be undertaken by Adani Green, while 2000MW of additional solar cell and module production capacity will be added by Adani Solar.

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In September 2020, Adani acquired a 74% stake in Mumbai International Airport, India’s second busiest airport after Delhi.

In November 2021, Adani said that the business is investing USD$70 billion in a new green energy initiative while speaking at the Bloomberg India Economic Forum. He provided updated information in July 2022 about how this investment will be used to construct three enormous factories: solar, electrolyzer (to create green hydrogen), and wind turbine plants.

He overtook Mukesh Ambani in February 2022 to claim the title of Asia’s richest person.

In August 2022, Fortune placed him third in the world for fortune.

The Adani family acquired Ambuja Cements and its subsidiary ACC from Holcim Group in May 2022 for $10.5 billion through a foreign special-purpose organisation.

AMG Media Networks Limited (AMNL), a branch of the Adani Group, declared its intention to purchase RRPR Holding, which is the owner of 29.18% of the national news channel NDTV, in August 2022. It also announced the start of an open offer to acquire an additional 26% of the company. According to a statement from NDTV, the company’s founders, former journalist Radhika Roy and her economist husband Prannoy Roy, were not told of Adani’s purchase of his shareholding through a third party, and the transaction happened “without discussion, consent, or notification.

Net Worth of Adani

NameGautam Adani
Net Worth (2022)$155.5 Billion (15,550 Crore USD)
Net Worth In Indian RupeesRs. 12.30 Lakh Crore
ProfessionBusinessmen
Monthly Income And Salary15000 Crore +
Yearly Income180000 Crore +
Last Updated2022

The majority of Adani’s wealth comes from publicly traded shares of the Indian company he formed, the Adani Group.

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He owns 75% of Adani Transmissions, Adani Power, and Adani Enterprises, according to March 2022 stock exchange filings. In addition, he controls 61% of Adani Green Energy, 65% of Adani Ports & Special Economic Zone, and 37% of Adani Total Gas. These businesses are all based in Ahmedabad, India, and are all publicly listed.

Promoter groups, which consist of family members and holding businesses that are credited to Adani in order to portray his status as the founder, own the shares.

On November 26, 2021, the valuation was revised to match the most recent filings and to exclude Total SAS’s investment from the Adani Total Gas calculation. As a result, the value decreased by around $10 billion.

Adani is India’s largest port operator, producer of privately held thermal coal, and trader of coal.

How did Adani Become the Second Richest Man?

The Adani Group has established a footprint in recent years in petrochemicals, cement, data centres, and copper refining, in addition to starting a renewable energy company with big goals.

After Mukesh Ambani, the chairman of Reliance Industries, revealed plans to start a consumer goods company, his kitchen supplies company Adani Wilmar is now attempting to expand its food activities.

The business has reportedly set aside 500 crores from its IPO for purchases. According to Bloomberg, the extra funds will come from internal accruals and $3,000 in scheduled construction expenditures starting in April 2019.

Assets

The residence of Mr. Gautam Adani is located in Plot No. 83, Sector 32, Sarkhej-Gandhinagar Highway, Gurgaon, India. In addition to this, he has other properties in real estate around the world.

Mr. Adani’s Automobiles: Mr Adani, as one might expect, has a fairly large automobile collection. He owns high-end vehicles like BMWs, Mercedes, Ferraris, and limousines.

Mr. Adani Jets:

  • Mr. Adani is the owner of a 2009 Bombardier Challenger 605 with the enrolment number VT-APL and serial number 5787.
  • He is the owner of a 2013 Embraer Legacy 650 with the registration number VT-AML and serial number 14501144.
  • He also owns a 2007 Hawker 850XP with the enrolment number VT-AGP and the serial number 258835.

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