Gautam Adani Net Worth

Gautam Adani Net Worth, Biography, Age, Wife, Height, Weight, Education, Career, Adani Group, Controversies, Assets, and many details are covered in this article. As of June 2023, Indian business tycoon Gautam Adani had a net worth of $52.2 billion.

Name	Gautam Adani
Profession	Businessmen
Net Worth:	$52.2 Billion
Salary:	INR 2.8 crores
Daily Income:	INR 1600 crores (2022 data)
Yearly Income	INR 180000 Crore +

The main contributor to Adani’s net worth is his port company. As of 2023, Gautam Adani, an industrialist, and philanthropist worth $52.2 billion (4.30 lakh crores INR/5,220 crores USD), has a net worth of $4.30 lakh crores INR.

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Gautam Adani is now the second wealthiest businessman in Asia and the 24th wealthiest person worldwide. Industrialists have a significant impact on how a nation’s economy is shaped.

They are the ones who have lofty goals, take calculated risks, invest money in a variety of ventures, and produce resources and employment for others. The outstanding industrialist Mr. Gautam Adani is one such example. Also, check Top 25 Richest Indians Net Worth.

Mr. Gautam Adani also referred to as the Port King of India was born on June 24, 1962, in Ahmedabad, Gujarat, India. He studied at Ahmedabad’s Sheth Chimnalal Nagindas Vidhyalaya School. He enrolled in Gujarat University’s Bachelor of Commerce program but left after the first year. So, he is a college dropout like the majority of billionaires.

Despite having all these accomplishments under his belt, Mr. Adani is a very modest, down-to-earth, and charitable individual. The sixth-richest individual in the world is now Gautam Adani. This increase in their wealth has been noticed as a result of the significant increase in shares of Adani Group.

What is Gautam Adani Net Worth?

Indian businessman Gautam Adani has a net worth of $55 billion. Indian industrialist and philanthropist Gautam Adani is worth $1 billion. He is best known for founding and leading the global conglomerate Adani Group.

He also serves as the head of the charitable Adani Foundation. In addition to being one of the richest persons on earth, Gautam Adani has occasionally been the richest person in Asia.

Gautam’s net worth at the start of 2022 was $75 billion, placing him at about the 13th richest person in the world. More than any other billionaire in the same period, Gautam’s net worth climbed by $50 billion over the following five months.

On April 26, 2022, Gautam passed Warren Buffett to become the fifth-richest person in the world thanks to his $125 billion net worth.

Childhood and Education

Shantilal and Shanti gave birth to Gautam Adani on June 24, 1962, in Ahmedabad, Gujarat, India. His seven siblings total. Adani attended Sheth Chimanlal Nagindas Vidyalaya in Ahmedabad for his studies. Later, he enrolled at Gujarat University with a commerce major, but he left after his second year.

Career Start-Up

Adani relocated to Mumbai in 1978 to work as a diamond sorter for Mahendra Brothers. A few years later, his brother Mansukhbhai asked him to oversee operations at his recently acquired Ahmedabad plastics facility.

Adani started his career in international trade by imports of PVC through this business. He began importing raw polymers for small-scale companies in 1985.

From a Dropout from College to the Richest Man in India:

The chairman and original creator of the Adani Group is 60-year-old Gautam Shantilal Adani. The group has established itself as a significant player in practically every industry. The group has various verticals, including Resources, Logistics, Energy, and now Aviation.

With a net worth of USD 9,460 crores, he surpasses Mukesh Ambani to become not only Asia’s but also India’s richest man. We must admit that Adani’s success is exceptional.

Gautam Adani is an independent individual. In Ahmedabad, Gujarat, he was born into a Gujarati household to Shantilal and Shanta Adani. As the sole provider for a family of nine—a husband, a wife, and seven children—his father, a textile merchant, was not particularly well off. The life narrative of Adani is quite fascinating.

Adani showed signs of being an entrepreneur at a young age. In his second year of college, he left to begin working as a diamond sorter in Mumbai. After two to three years, he launched his own diamond brokerage company.

And a few years later, when he began working at the plastic plant for his brother Mahasukh Adani, he entered the world of international trade. It was just the beginning of his journey to becoming a billionaire; he started importing polyvinyl chloride, or PVC, to India.

Group Adani

Adani Enterprises and Adani Group were jointly established by Adani in 1988 as a commodity trading enterprise. A few years later, the organization built its own port at Mundra to serve as a hub for its trading activities.

Adani Group then expanded its company into trading textiles, metals, and agricultural products as a result of the Indian economy’s liberalization in 1991. The second phase of the Adani Group’s development, centered on the construction of major infrastructure assets such as ports, power plants, ships, and mines, was launched in 1999 when the company began selling coal.

The Adani Group entered the power generation industry in 2006. The organization conducts business globally in 50 different nations and generates more than $15 billion in revenue each year.

Adani Enterprises, the holding company of the Adani Group, has three primary subsidiaries: Adani Wilmar, which specializes in food processing, Adani Road Transport, which specializes in road development, and Adani Airport Holdings, which focuses on airport operations.

Adani Cement, AdaniConneX, Adani Defence & Aerospace, Adani Mining, Adani Solar, Adani Water, and Adani Welspun Exploration are further subsidiaries. Adani Ports & SEZ, Adani Power, Adani Transmission, Adani Green Energy, and Adani Gas were former divisions that ultimately separated from Adani Enterprises.

Wilmar and the Gautam Adani Group merger

Adani Wilmar is a partnership between Wilmar International and Adani Enterprises. It was established in 1999 and is one of the biggest FMCG companies in India, selling cooking oil, a necessary kitchen item.

The business also ranks highly among those who process crude palm oil and import edible oils into India. It exports the goods to nations in the Middle East, Southeast Asia, Africa, Ukraine, and Ghana.

Edible oil accounts for 83% of Adani Wilmar’s business, while packaged foods, FMCG, and business necessities provide 5% and 12% of sales, respectively.

A dominant position is held by Adani Wilmar in the domestic market. The top goods include wheat, rice, flour, and edible oil.

In the domestic market, the business enjoys significant brand recognition and holds the top spot for the majority of its items.

Sports Programmes

The Adani Group also has a number of sports-related activities in addition to its industrial operations. One of these is Garv Hai, a national initiative launched soon before the 2016 Summer Olympics to assist and promote Indian athletes.

The program, which will be reintroduced in 2020 and 2022, will put an emphasis on the advancement of athletics, archery, boxing, wrestling, and shooting. Athletes including boxer Shiva Thapa, wrestler Deepak Punia, and shot putter Inderjeet Singh profited from the program during its initial run.

The Surguja Football Academy in Chhattisgarh is one of the Adani Group’s numerous athletic endeavours. Adani Arena in Rockhampton, Australia, and the pavilion end of Narendra Modi Stadium in Ahmedabad also have naming rights reserved for the organization.

Controversies

Over the years, there have been several scandals involving the Adani Group. When it began a $21.5 billion, 86,000-acre mining and rail project in Queensland, Australia’s Galilee Basin, it was confronted with opposition from environmental activists. Some international banks hesitated to finance the venture because of the uproar, but ultimately the Australian government allowed it.

Rajesh Adani, the managing director of Adani Enterprises, was detained in 2010 on suspicion of tax cheating. An offshore company in Mauritius owned by one of Adani’s brothers was among the Adani family tax havens, according to Indian customs, which claimed the Adani Group was transferring millions of dollars from its books to those locations seven years later. Adani was also charged with secretly diverting the monies through a Dubai shell company.

Philanthropy

Adani established the Adani Foundation in 1996 through the Adani Group. Through a range of development programs, it was founded to promote sustainable development and growth in India. The Foundation concentrates on community infrastructure, sustainable living, health care, and education.

For children from low-income families, it has created free schools in Ahmedabad, Surguja, and Bhadreshwar. It also provides funding for institutions like Navchetan Vidyalaya and Adani Vidyalaya. The Gujarat Adani Institute of Medical Sciences was founded by the Adani Foundation as the state of Gujarat’s first public-private cooperation in higher education.

Other programs launched by the Adani Foundation include Saksham, which provides vocational training and skill development to members of female-led organizations, SuPoshan, which aims to reduce malnutrition in teenage girls and pregnant women, and Udaan, which organizes educational trips for young students.

The Adani Foundation donated $13 million to the PM CARES Fund in 2020 to fight the COVID-19 epidemic as part of its immediate philanthropic efforts. Additionally, it provided sizeable contributions to the Maharashtra and Gujarat CM Relief Funds.

Personal Life

Priti, Adani’s wife, is his wife. He was abducted in 1998 and held as a hostage until being freed, thus his life has been somewhat eventful. Adani was there during the 2008 Mumbai terrorist attacks when it was one of the Taj Mahal Hotel’s target areas.

Assets of Gautam Adani

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 Cars

You’ll be astounded at Mr. Adani’s collection of luxury vehicles. He is the owner of some of the most expensive machinery available. He has eight high-end vehicles in his collection; here are some examples:

Rolls Royce Ghost: The Rolls Royce Ghost represents the height of luxury. This car costs an astounding Rs 6.20 crore on the Indian auto market. It is renowned for its comfortable interior, convenience, unique design, and potent engine.

BMW Series 7: A lot of business moguls and famous people drive BMW vehicles. The comfort of Series 7 is combined with cutting-edge technology.

Ferrari California: In the Indian market, a Ferrari California costs about Rs 3 crore. Typically, sports lovers are the owners of this beauty.

Audi Q7: Celebrities and businessmen frequently own Audi vehicles. The Audi Q7 SUV is a pioneer in the market for vehicles that cost more than Rs 70 lakh.

The richest guy in the world just purchased a white Range Rover for almost Rs 4 crore.

The Mr. Adani Jets

A 2009 Bombardier Challenger 605 with serial number 5787 and enrollment number belongs to Mr. Adani. VT-APL.

He is the registered owner of a 2013 Embraer Legacy 650 with serial number 14501144. VT-AML.

Additionally, he has a 2007 Hawker 850XP with the serial number 258835 and enrollment number VT-AGP.

House of Gautam Adani

Gautam Adani is the owner of numerous properties in the nation. houses owned by Gautam Adani in Gurgaon, Delhi, and Ahmedabad. These are all lovely and beautifully made. The port king has worked hard to become the wealthiest man in India; his route to this position has not been simple.

He is a visionary individual. He has also been fortunate. Both of these elements contributed to Gautam Adani getting his Delhi home for a discount. In the ultra-luxurious neighbourhood of Delhi Lutyens, he purchased a property worth Rs 1000 crore for merely Rs 400 crore.

Gautam Adani Wealth

For work, Gautam Adani relocated to Mumbai, where he opened his own diamond brokerage business in Zaveri Bazar. He founded Adani Exports Limited, which currently goes by the name Adani Enterprises Limited, in 1988 to trade in agricultural and energy-related goods.

After globalization, he started trading in metals, textiles, and agricultural items in 1991. In 1995, the Adani Group took over the management of Gujarat’s Mudra Port. Mudra Port, which has a capacity of around 210 million tonnes of cargo annually, is now India’s largest private-sector port.

The largest private producer of thermal electricity in India is the Adani Group. Power generating and transmission, edible oil, real estate, and defense are among the group interests of Adani.

The Carmichael project in Queensland’s northern region, one of the biggest coal mines in the world, was approved for construction by Adani in 2019. Australia’s Abbott Point Port is also owned by the Adani Group.

The Adani group gained a PAN India presence and became the largest private participant in the airport industry by a significant margin in 2019 after winning bids to manage all six domestic airports that the Indian government had placed up for privatization.

The airports at Lucknow, Trivandrum, Mangaluru, Ahmedabad, and Guwahati will be upgraded and run by them.

Facts About Gautam Adani

• Gautam was born into the Gujarati Bania Family, which has a history in business.
• He has been employed by Mahindra Brothers as a diamond sorter for around two years.
• He donates 3% of his income to charitable causes.
• Within 100 hours, he closed a deal for 6000 crores because of his incredible negotiating abilities.
• The largest power producer in the nation is his own.
• One of the most known groups in the field is his Infrastructures group.
• He doesn’t stress his past performance; instead, he concentrates on trying and trying.

He approached Nitish Kumar, the then-railway minister, and together they developed the government’s port-rail connectivity policy. If you have any inquiries about Gautam Adani’s net worth, do let us know in the comment section.

Quotes

• “Business is all about risk-taking and managing uncertainties and turbulence.”
• “Being an entrepreneur is my dream job, as it tests one’s tenacity.”
• “Either you sit on the pile of cash, or you continue to grow.”
• “I analyze in my own way, in straightforward, no-jargon language. If somebody talks in a very complicated way, I never like that.”
• “Infrastructure sector is all about building assets for the country. It is part of nation-building.”

FAQs

What is Gautam Adani’s net worth?

The entire value of Gautam Adani’s assets is about $52.2 billion.

How much money does Gautam Adani earn each year?

A salary of approximately Rs 180000 crore is earned by Gautam Adani year.

What name does Gautam Adani’s wife go by?

Preeti Adani is the name of Gautam Adani’s wife.

When was Gautam Adani born?

As of today (24 June 1962), Gautam Adani is 59 years old.

How tall is Gautam Adani?

Gautam Adani is 1.67 meters (5 feet 6 inches) tall.

Where is the home of Gautam Adani located?

Adani House, Near Mithakhali Crossing, Navrangpura, Ahmedabad-380009, Gujarat, India is where Gautam Adani resides.

What is Gautam Adani’s net worth?

Gautam Adani has a net worth of 9460 crores USD.

How much did Adani pay for the bungalow at Aditya Estate?

Adani Group paid Rs 400 crore for Aditya Estate in Lutyens.

How many individuals reside at the Adani home?

At his home in Ahmedabad, Gautam Adani resides with his wife, sons, and daughter-in-law.

Who is the Adani Group’s CEO?

Karan Adani, the chief executive officer of the Adani Group.