Gautam Adani Net Worth - Capital Propaganda

What is Gautam Adani's net worth?

net worth:	55 billion USD
year old:	62
Date of birth:	June 24, 1962
sex:	men
High:	1.67 m (5 ft 6 in)
Country of origin:	India
Source of wealth:	businessmen
Last updated:	September 16, 2024

introduce

Gautam Adani is the second richest person in the world and is the founder and chairman of the Adani Group, one of India's three leading industrial conglomerates. His philosophy is “growth through kindness”.

The majority of his assets come from 62% shares of Adani Ports and 75% shares of Adani Enterprises. His companies have become some of the most well-known and respected in their respective industries.

Adani is also the chairman of the non-profit Adani Foundation, which he founded to promote sustainable development in India.

Gautam Adani's net worth is estimated at $55 billion.

Quick information

Gautam started his career in mining as a diamond grader for Mahendra Brothers.
He is known for his excellent negotiation skills and in 2014, he completed the acquisition of Udupi Electricity Corporation in just 100 hours.
Like most billionaires, Gautam is a college dropout who gave up his studies in his sophomore year to pursue his dream.
In 2008, he survived the November 26 terror attack in Mumbai.
He was the original architect of India's MTR linkage policy.

early life

Gautam Shantilal Adani was born on June 24, 1962 in Gujarat, India.

As a child, Gautam's parents migrated from Tallad and Gautam studied at Sheth Chinalal Najindas Vidhya School in Gujarat. Gautam studied commerce at Gujarat University but dropped out in his second year to explore other commercial interests.

His father was a textile merchant, but Gautam was not interested in this industry. As a teenager, he decided to move to Mumbai. He started working as a diamond grader at Mahendra Brothers for over two years before grabbing a great opportunity offered by his brother, Mahasukhbhai Adani.

Job

The new opportunity his brother gave him was to manage a plastic company that he decided to buy. This was the beginning of his foray into global trade and the beginning of his vast empire.

While working for his brother, Gautam wanted to pursue his entrepreneurial dream and founded Adani Enterprises. Earning millions of dollars as a diamond broker, he founded the joint stock company Adani Enterprises.

He used the knowledge and skills gained from years of negotiating experience to establish an energy and agricultural commodities trading company. In 1991, he expanded his business to textiles, metals and various agricultural products.

In 1995, he won the contract to build Mundra Port and built his first terminal. From this small beginning, the company has become the world's largest private multi-port operator with an estimated annual throughput of 21 million tons.

Gautam is passionate about renewable energy and environmentally friendly power generation and won the world's largest solar tender in 2020, worth $6 billion.

Not content with limiting his business, Gautam negotiated to buy 74% of the shares in Mumbai International Airport.

Adani has also been criticized for his stake in media giant RRPR Holding, which owns a controlling stake in India's national broadcaster and whose editorial independence has been questioned. suspected due to Adani's close relationship with the Indian prime minister.

With interests from oil and gas, plus port management contracts and ownership of coal mines and power plants, Adani has become the second richest person in the world after Elon Musk and will likely surpass him soon.

Gautam Adani's career income

Due to the complexity of Adani's companies and his holdings in each entity, it is difficult to calculate exactly how much money he makes each year from his business empire.

Here is Gautam Adani's estimated annual income:

2013 – 200 million USD
2014 – 204 million USD
2015 – 180 million USD
2016 – 200 million USD
2017 – 215 million USD
2018 – 220 million USD
2019 – 205 million USD
2020 – 210 million USD
2021 – 220 million USD
2022 – 225 million USD

With Adani's business acumen and excellent negotiation skills, he will certainly continue to expand his business interests and reap huge personal rewards.

Net assets per year

Gautam has always been focused on creating huge wealth, so it's no surprise that his business empire has expanded globally.

Here is the breakdown of Gautam Adani's net worth by year:

2013 – 4.9 billion USD
2014 – 5 billion USD
2015 – 5.4 billion USD
2016 – 4.5 billion USD
2017 – 10.1 billion USD
2018 – 7.3 billion USD
2019 – 9.9 billion USD
2020 – 32.7 billion USD
2021 – 70.9 billion USD
2022 — 149.6 billion USD

His business interests are so closely intertwined that some have even described them as an economic ecosystem. Therefore, these businesses are interdependent and will continue to increase Adani's net worth in the near future.

Personal life

He has two sons, Karen Adani and Jeet Adani, and his wife Priti Adani is a dentist. His wife runs a school, Adani Vidya Mandir, which helps the underprivileged in Ahmedabad.

Gautam was present at the Taj Mahal hotel when militants surrounded it in 2008. He survived the attack that killed 166 people by hiding in the basement until rescuers arrived.

He was also involved in a kidnapping case in 1998. He and his companion Shantilal Patel were kidnapped and held for ransom but were eventually released after the kidnappers received $2 million.

Gautam, along with other wealthy businessmen like Mukesh Ambani, Vijay Mallya and Shiv Nadar, have become targets of kidnappers in this increasingly dangerous country.

Awards and achievements

Here are some memorable moments in Gautam Adani's career:

He won the world's largest solar auction in 2020.
Gautam was awarded the 2022 USIBC Global Leadership Award.
He received the 2007 Excellence in Management Award.
In 2022, Gautam was ranked as the second richest person in the world, behind only technology billionaire Elon Musk.
In 2008, he received the Dun & Bradstreet-Roalta Business Award.
He also received the 2006 Port Authority Award on behalf of the Adani Group.
The company is rated as 'Five Star Export Company' and was awarded FIEO's Niryat Shree Gold Cup in 2005.

How does Gautam Adani spend his money?

Aware of the problem of poverty in India, he donated 3% of his income to charity.

He is the chairman of the Adani Foundation, which is largely run by his wife and specializes in helping create healthy communities through infrastructure, health and education projects.

He saw the value of real estate and invested most of his wealth in many properties around the world.

Gautam owns many assets, including his impressive collection of jets, including the 2009 Bombardier Challenger 605, 2013 Embraer Legacy 650 and 2007 Hawker 850XP.

His car collection includes some of the most expensive cars in the world, including top luxury cars such as BMW, Ferrari, and various luxury sedans.

Summary

Gautam has taken the business world by storm with his vast knowledge of industry and commerce.

There may be a lot of controversy surrounding this billionaire, but it cannot be denied that he has reached the pinnacle of his business and startup career.

Even at the age of 60, he continued to grow his company while promoting his own personal growth and striving to improve his own life as well as the lives of those around him.