Adani Net Worth
|Net Worth:||$107.5 Billion|
|Salary:||$35.5 Billion Per Year|
|Real Name:||Gautam Shantilal Adani|
|Date of Birth:||24th June 1962|
|Age:||60 years old|
|Height:||5 ft 6 in (1.7 m)|
|Profession:||Businessman, Investor, Entrepreneur, Philanthropist|
|Updated:||23rd June 2022|
Gautam Shantilal Adani is a well-known Indian billionaire. He is both the founder and chairman of the Adani Group. Adani Group is considered a multinational conglomerate that brings in over $20 million per year. This is just one of his many ways to build wealth.
Adani Net Worth
Adani’s net worth is estimated to be $107.5 billion. His wealth continues to fluctuate depending on the year’s earnings, however. He was declared the 5th richest person in the world in 2022. Adani is the richest person in India, and most of it is thanks to Adani Enterprises, which includes Adani Group companies. He is only a few billion shy of beating Microsoft founder Bill Gates. However, being the 5th richest person in the world is still quite an accomplishment.
Guatam Adani Early Life
Gautam Adani was born on June 24, 1962, in Ahmedabad, Gujarat, India. His mother was Shanti Adani. His father, Shantilal Adani, was a man in the textile business. Although Adani had an eye for business, he did not follow in his father’s textile footsteps.
He was born to a large family and has seven siblings. His brothers are Vinod Adani, Mahasukhi Adani, Rajesh Adani, Vasant Adani. His sisters remain unknown.
Adani graduated from Gujarat University, India. After that, he pursued further education in hopes of achieving his bachelor’s degree in commerce but dropped out after his second year.
In 1978, Gautam Adani found himself living in Mumbai as a teenager. He worked for the Mahendra Brothers as a diamond sorter. There, he learned a great deal about diamonds and Adani decided to start his own diamond brokerage in Zaveri, Mumbai.
By 1981, his older brother had purchased a plastic unit and had asked Adani to manage operations. This fueled his insatiable ambition and led to him learning more about the businesses he would later be a large part of.
Adani then founded Adani Exports in 1988. Today, that business is known as the Adani Group.
The Adani Group
The Adani Group is Gautam Adani’s main claim to fame and contributes significantly to Gautam Adani’s net worth. It deals primarily in power commodities and agriculture. The more money this company invests, the wealthier it becomes, and the higher the Gautam Adani net worth goes.
The 1990s saw an insane amount of growth in this company. In addition to agriculture and power, the company began to become invested in the trading of metals, agro products, and textiles. As they got into the port business, Adani Group began to score port contracts. Today, this portion of the business is known as Adani Ports and SEZ.
The growth of the company, nor the growth of the Gautam Adani net worth, did not stop there. They became invested in producing power in the late 90s. The power portion of the company is known as Adani Power and consists of multiple thermal-producing power plants. It is the largest thermal energy producer in the country.
Adani Power continues to grow. As climate change becomes a concern for every country, Adani Power has begun to expand in order to meet the coming needs of India. Adani Power will also have Adani Green Energy as a portion of Adani Enterprises. Adani Green Energy will include both exploration, transmission, and the development of renewable energy.
Other notable achievements of the Adani Group that have contributed to the incredible Gautam Adani net worth include, but are not limited to:
- Won the largest solar bid in the world, which was worth $6 billion
- Adani Solar will become the corporate arm that handles solar energy
- Adani Green Energy will become the arm that handles green energy
- Acquired Abbot Point Port in Australia
The business primarily works in the following industries:
- Gas distribution
- Coal mining
- Power generation and transmission
- Oil gas exploration
- Edible oils
Gautam Adani is the president of the Adani foundation although it is mostly led by his wife, Priti Adani. The Adani Foundation makes Guatam Adani a well-known philanthropist. It does not contribute significantly to the Gautam Adani net worth.
Instead, this organization operates in several states in India. It contributed significantly to help fight Covid-19 and has donated a large amount to PM Cares, the Prime Minister’s relief fund to help citizens.
Adani was kidnapped in 1998 for ransom money. He was safely returned after the ransom was collected. Then, in 2008, during the Mumbai Attacks, he was stranded in the Taj Mahal but was able to be rescued.
Gautam Adani is married to Priti Adani, a dentist. She is also a trustee for the Adani Foundation and helps to manage the foundation.
He has two children. His eldest son, Karan Adani, is married to Paradhi Shroff. He graduated from Purdue University in the United States with an economics graduate degree. He is the CEO of Adani Ports.
The younger son is named Jeet Adani. Jeet joined the family business in 2019 after attending the University of Pennsylvania School of Engineering and Applied Sciences. He heads the Adani Airports business as well as participates in various other projects within Adani Group. He is the vice president of the finance department at Adani Group.
What Does The Future Hold For Gautam Adani?
One year alone saw Gautam Adani’s net worth grow by $50 billion dollars, which helped him beat Warren Buffet to become the world’s fifth richest man. As the years pass, the Adani Group continues to expand, building more company arms to keep up with a changing world. All the while, the current portions of the company continue to do well. Gautam Adani has created an empire that will more than likely continue to do as well as it previously has. Gautam Adani’s net worth will continue to grow at an astonishing rate just like the company Adani founded has done in the past, and will continue to in the future.