Billionaire industrialist from India named Gautam Adani. The Adani Group, a global corporation with offices in Ahmedabad and engaged in port operations and development in India, is led by him and was founded by him. Adani also serves as the president of the Adani Foundation, which is predominately run by his wife, Priti Adani.
Gautam Adani Early Life
An Indian millionaire industrialist named Gautam Adani was born on June 24, as Gautam Shantilal Adani. In Ahmedabad, Gujarat, on June 24, 1962, Adani was born into a Jain family to Shantilal and Shantaben Adani. He has seven siblings, and his parents immigrated from the town of Tharad in Gujarat’s northern region. His father was a modest textile trader.
He attended the Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad for his education. He enrolled in Gujarat University’s bachelor of commerce programme but left after the first year. Although Adani loved business, he didn’t care for his father’s textile company.
Gautam Adani Personal Life
Priti is Gautam Adani’s wife, and the couple has been blessed with two sons: Karan and Jeet Adani. In 1998, he was kidnapped and kept as a hostage for a ransom, but the kidnappers let him go without demanding payment. During the incidents that took place in Mumbai in 2008, he was at the Taj Hotel.
How Did Gautam Adani Start His Career Which Helps Him To Make Money?
Although Gautam Adani was always drawn to business and desired to start his own company, he chose not to take over his father’s textile company. In 1978, when Gautam Adani was still a teenager, he relocated to Mumbai and began working as a diamond sorter for Mahendra Brothers. Before opening his own diamond trading company in Mumbai’s Zaveri Bazaar, he worked there for about two to three years.
Mansukhbhai Adani, Gautam’s older brother, established a plastics business in Ahmedabad in 1981 and requested him to oversee operations. By importing Polyvinyl Chloride (PVC), this project ended up serving as Adani’s entry point into international trade.
In 1985, he started importing raw polymers for small-scale businesses. Adani Enterprises, presently known as Adani Enterprises, was founded as Adani Exports in 1988. The business trades in commodities related to agriculture and energy.
The business grew during the 1990s. Economic liberalisation laws were advantageous for the Adani company in 1991, and he began expanding it into the selling of metals, textiles, and agricultural items.
In 1995, Adani won the contract for the Mundra Port. In 1995, he built the initial Jetty. Mundra Port & Special Economic Zone was in charge of running it at first. Later, the business was given to Adani Ports & SEZ (APSEZ). is currently the biggest private operator of many ports.
In 1996, Adani, the electricity division of the Adani Group, established Adani Power. The largest thermal power producer in the nation, it has over 4620 thermal power plants.
In 2006, he also started working in the power generation industry. From 2009 to 2012, he also purchased the Australian Abbot Point Port and the Queensland Carmichael coal project.
The Solar Energy Corporation of India (SECI) will award Adani the $6 billion world’s largest solar bid in May 2020. In the future, Adani Green will also take on the construction of an 8000 MW photovoltaic power facility. 2000 MW further capacity for the production of solar cells and modules would be added by Adani Solar.
Gautam Adani Net Worth
The richest person in Asia, Gautam Adani, is now the third richest person in the world, only trailing Jeff Bezos and Elon Musk. By defeating French business tycoon Bernard Arnault, the co-founder of luxury label Louis Vuitton, Adani accomplished this achievement for the first time.
Gautam Adani’s worth was $137 billion, according to the Bloomberg Billionaires Index, putting him just shy of Jeff Bezos’s wealth of $153 billion. Adani, however, is still $114 billion short of Elon Musk, whose net worth is $251 billion.
Adani is also the highest gainer in 2022, increasing his wealth by $61 billion. In contrast, Bezos lost $39 billion, Musk $19 billion, and Mukesh Ambani $2 billion within the same time span.
#GautamAdani’s net worth has crossed $60 billion – thanks to #AdaniPorts’ profits https://t.co/CeI7bzcq5i
By @SanchDash pic.twitter.com/Xb6o40epYt
— Business Insider India🇮🇳 (@BiIndia) May 7, 2021
How Has Adani Increased Its Wealth Since The First Covid Lockdown?
Knowing where Adani was two years ago is crucial for trying to comprehend his ascent to the top.
Bloomberg information indicates that Adani’s total wealth was $6 billion on the day the Covid epidemic caused a statewide lockdown in India.
In other words, if you had invested one lakh in Adani on March 24, 2020, your investment would be worth 23 lakh today. Since then, Adani has increased his wealth by about 23 times.
Mukesh Ambani’s wealth, in contrast, was $32.6 billion as of March 2020. Now at $92 billion, it has only grown by three times.
The Lutyens Delhi Property Owned By Gautam Adani
The infrastructure magnate, however, gained attention in 2020 when Adani Group won an insolvency bid to acquire Aditya Estates Pvt Ltd, a business that owns a 3.4-acre residential property close to Mandi House in New Delhi. The Lutyens Delhi Zone’s Mandi House Area serves as the headquarters for the most influential people in the nation. 400 crore rupees was the projected overall deal value.
The estate, which has a total built-up area of over 25,000 square feet, has seven bedrooms, six living and dining rooms, a study room, and a 7,000 square foot area for staff quarters, all of which are surrounded by a lush landscape.
Ahmedabad’s Shantivan House Owned By Gautam Adani
The billionaire owns a sizable home in Ahmedabad off SG Road, on the prestigious Shantipath, and behind Karnavati Club. The Shantivan House is the name of his house in Ahmedabad. The business tycoon, who was born in Ahmedabad, resides here with his family.
Gautam Adani Cars Collection
He also has 8 vehicles, some of which include a Rolls-Royce Ghost, a Ferrari that is bright red, a Toyota Alphard, and a lavish BMW 7 series.
Gautam Adani Private Aircraft
Additionally, Adani owns three private aircraft: a Bombardier, a Beechcraft, and a Hawker.
