Gautam Adani is an Indian businessman who is the founder and chairman of the Adani Group, a multinational conglomerate in India. In this article, we will look into Gautam Adani Net Worth, early years, career, personal life, controversies, awards and achievements.
Gautam Adani Net Worth
| Nickname: | Gautam Adani |
| Real Name: | Gautam Shantilal Adani |
| Net Worth: | $84.5 billion |
| Birthplace: | Ahmedabad, Gujarat, India |
| Weight: | 85 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Spouse: | Priti Adani |
| Children: | Karan Adani, Jeet Adani |
| Girlfriend: | None |
| Date of Birth: | June 24, 1962 |
| Gender: | Male |
| Height: | 1.67 m |
| Profession: | Businessman |
| Nationality: | Indian |
| Source of Wealth: | Business |
| Education: | Gujarat University, Sheth C N Vidyalaya |
| Father: | Shantilal Adani |
| Mother: | Shantaben Adani |
| Brother: | Vinod, Mahasukh, Vasant, Rajesh, Mansukh Adani |
| Sister: | 3 |
Early Years
Gautam Shantilal Adani was born on June 24, 1962, in Ahmedabad, Gujarat, India, into a middle-class Jain family. His father, Shantilal Adani, was a minor textile dealer, while his mother, Shanti Adani, was a housewife. Adani is the second of eight siblings, and his family relocated from the town of Tharad in northern Gujarat in quest of better opportunities.
Adani finished his education at Sheth Chimanlal Nagindas Vidyalaya School in Ahmedabad. He then enrolled in Gujarat University to pursue a bachelor’s degree in commerce, but dropped out after only two years.
Career
Adani’s interest in business led him to relocate to Mumbai in 1978, where he worked as a diamond sorter for Mahendra Brothers. He eventually opened his own diamond dealing firm in Zaveri Bazaar, Mumbai.
Adani’s elder brother, Mansukhbhai Adani, invited him to head a plastics factory in Ahmedabad in 1981, marking his first foray into worldwide trade. He began importing raw polymers for small-scale companies in 1985 and founded Adani Exports (now Adani Enterprises) in 1988.
Adani’s firm benefited from 1991’s economic liberalisation initiatives, and he expanded into the selling of metals, textiles, and agricultural items. He acquired the Mundra Port contract in 1995 and founded Adani Power in 1996.
Adani was arrested by Delhi Police in 2002 on a cheating accusation, but he was released the next day while negotiations for a solution were underway. In 2006, he entered the power generation company. Between 2009 and 2012, he purchased the Abbot Point Port in Australia and the Carmichael coal mine in Queensland. The Serious Fraud Investigation Office (SFIO) charged Adani in 2012 with deception and criminal conspiracy in connection with share transactions, but he was released in 2014, which was reversed by a Mumbai court in 2020.
2020-present
Adani won the Solar Energy Corporation of India’s $6 billion solar bid in May 2020, and he purchased a 74% stake in Mumbai International Airport in September. In November 2021, he proposed a $70 billion investment in green energy, with plans to establish solar factories, electrolyzers for green hydrogen, and wind turbines by July 2022. He became Asia’s richest person in February 2022, and by August, he had risen to third place globally.
In May 2022, Adani’s family paid $10.5 billion for Ambuja Cements and ACC. In August, Adani’s AMG Media Networks revealed ambitions to acquire a large share in NDTV, raising concerns about editorial independence given Adani’s close ties to Prime Minister Narendra Modi’s ruling party. By December 2022, Adani was said to have the largest stake in NDTV, and The Economist noted a shift in the channel’s editorial attitude.
Personal Life
Adani is married to Priti Adani, a dentist, and they have two sons, Karan Adani and Jeet Adani. Karan is the CEO of Adani Ports & SEZ.
Adani’s wife, Priti, is the chairperson of the Adani Foundation, which operates in 18 states of India. The foundation focuses on education, healthcare, and community development. Adani contributed ₹100 crore to the PM Cares Fund in March 2020.
Controversies
Adani was kidnapped in 1998 and held captive for ransom. He was also at the Taj Hotel during the 2008 Mumbai attacks.
Adani’s tight ties with Prime Minister Narendra Modi has sparked suspicions of favouritism in obtaining government contracts. Following Modi’s election as Prime Minister, his companies won numerous energy and infrastructure contracts in India and around the world.
In January 2023, Hindenburg Research accused Adani of market manipulation and fraud, causing a large drop in the Adani Group’s stock price. The Supreme Court later refused calls for a probe, settling the dispute.
In August 2023, the Organised Crime and Corruption Reporting Project (OCCRP) claimed that Adani Group circumvented Indian securities rules by using persons and front companies.
Awards and Achievements
Adani ranked 20th on the Forbes Real-Time Billionaires list in 2024, with an estimated net worth of $84.5 billion.
Adani was included in the Times Magazine list of the 100 most influential people in the world in 2022.
dani won the world’s largest solar bid worth $6 billion in May 2020.
Frequently Asked Questions About Gautam Adani
1. Who is Gautam Adani?
Adani is an Indian billionaire businessman and the founder of the Adani Group.
2. What is Gautam Adani’s net worth?
Gautam Adani’s net worth is at $84.5 billion.
3. What is the Adani Group?
The Adani Group is an Indian multinational conglomerate involved in port operations, power generation, renewable energy, and other sectors.
4. What is Gautam Adani’s educational background?
Adani Gujarat University and Sheth C N Vidyalaya.
5. How did Gautam Adani start his business career?
Adani started his career as a diamond sorter in Mumbai and later established his own diamond brokerage firm.
6. What is Gautam Adani’s relationship with Prime Minister Narendra Modi?
Adani and Modi have been accused of having a close relationship, with some alleging favoritism in securing government contracts.
7. Has Gautam Adani faced any controversies?
Adani faced allegations of cronyism, stock manipulation, and fraud.
8. What is the Adani Foundation?
The Adani Foundation is the philanthropic arm of the Adani Group, focusing on education, healthcare, and community development.
9. Did Gautam Adani marry?
Adani married Priti Adani, a dentist in 1986.
10. How many children does Gautam Adani have?
Adani has two sons, Karan Adani and Jeet Adani.
11. What is Gautam Adani’s role in the Adani Group?
Adani is the chairman and founder of the Adani Group.
12. What Awards and Achievements Has He Received?
Adani’s wealth and influence have led to his inclusion in Time Magazine’s list of 100 most influential people globally.