Gautam Adani is an Indian billionaire tycoon. He is the chairman and founder of Adani Group, an Ahmedabad-based multinational conglomerate involved in port development and operations in India. Adani is also the president of Adani Foundation.
Gautam Adani | About him
Mr Gautam Adani is the founder and chairman of the Adani Group, one of India’s top three industrial conglomerates. Mr Adani, a first-generation entrepreneur, is inspired by the core philosophy of infusing “Growth with Goodness” in his nation-building vision. Each of the Group’s businesses is focused on assisting in the development of world-class infrastructure capabilities to help India’s growth.
Adani Group is made up of seven publicly traded companies with a combined market capitalization of more than $242.73 billion (as of August 29, 2022), with operations in Energy, Ports & Logistics, Mining & Resources, Gas, Defense & Aerospace, and Airports. In each of its business areas, the Group has established a leadership position in India.
Gautam Adani Vision
Mr Adani defines nation-building as transforming India’s coastline by constructing a network of ports and logistics hubs. For him, nation-building also entails improving the country’s energy security and bridging the urban-rural divide by bringing electricity to hundreds of millions of people living in India’s hinterlands. For Mr Adani, nation-building also entails improving food security by establishing a modern agricultural supply chain and empowering farmers. Each of his industrial ventures has resulted in the creation of tens of thousands of jobs.
Mr. Adani aims to make India a major player in sustainable energy by investing in the renewable ecosystem, which includes solar manufacturing, generation, and solar park businesses. He aspires to make India self-sufficient in defense and security.
The Group has a long history of collaborating with global business leaders who want to be a part of India’s growth story. The global expertise of these international companies in their respective businesses, combined with Adani Group’s project execution and market capabilities, has resulted in long-term partnerships. Wilmar Group, Total SA, and Elbit Systems are among the partners.
Don’t miss | Peyush bansal Success Story
Gautam Adani Net Worth 2022
Gautam Adani, the Indian billionaire, industrialist, and Adani Group’s Chairperson, has become the world’s second richest man, thanks to a sharp rally in Adani Group stocks. According to Forbes’ real-time billionaires list, Adani’s net worth is $155.7 billion as of September 16, 2022, an increase of $5.5 billion or nearly 4%.
According to Forbes’ real-time data, Adani has surpassed Amazon’s Jeff Bezos to become the world’s second richest man, trailing Tesla’s Elon Musk, who remains the world’s richest man with a net worth of $273.5 billion.
So far in 2022 (YTD), Adani has added more than $70 billion to his fortune, making him the only one of the world’s ten wealthiest people to see his fortune grow this year. He surpassed Mukesh Ambani as the richest Asian in February, became a billionaire in April, and last month surpassed Microsoft Corp.’s Bill Gates as the world’s fourth-richest person.
Gautam Adani, 60, is the founder of the Adani Group, India’s largest port operator. The Ahmedabad-based infrastructure firm is also the country’s largest closely held thermal coal producer and trader. His Adani Group, worth $13 billion in revenue, has holdings in infrastructure, commodities, power generation and transmission, and real estate.
He made a big entry into cement in May 2022 when he won the race to buy Swiss giant Holcim’s cement business in India for $10.5 billion. Adani also aspires to be the world’s largest producer of green energy, with plans to invest up to $70 billion in renewable energy projects. He has increased his charitable giving, pledging to donate $7.7 billion to social causes in June to commemorate his 60th birthday.
He owns 75% stakes in Adani Enterprises, Adani Power and Adani Transmissions, according to March 2022 stock exchange filings. He also owns about 37% of Adani Total Gas, 65% of Adani Ports & Special Economic Zone and 61% of Adani Green Energy.
Real Time Gautam Adani Net Worth 2022 Tracker | Click here
Gautam Adani Family
Gautam Shantilal Adani
|Place of Birth||Ahmedabad, Gujarat, India|
|Age (as of 2021)||59|
|Known for||Founder and chairman, Adani Group|
|President, Adani Foundation|
|School||Sheth Chimanlal Nagindas Vidyalaya School, Ahmedabad, India|
|College/University||Gujarat University, India|
|Educational Qualification||Started Bachelors in Commerce (Dropped out in IInd year)|
|Father’s Name||Shantilal Adani|
|Mother’s Name||Shanti Adani|
|Children||Karan Adani and Jeet Adani.|
Must Read | Elon musk Biography
Gautam Adani Early life and Eduacation
He was born on June 24, 1962, in Ahmedabad, Gujarat, to a middle-class Jain family. Shantilal Adani was his father, and Shanti Adani was his mother. Mansukhbhai Adani is the eldest of his seven siblings. The family left the town of Tharad in northern Gujarat in search of work. His father ran a small textile business.
He did his schooling at Sheth C.N. Vidyalaya School in Ahmedabad. At Gujarat University, he took admission for a bachelor’s degree in commerce, but he dropped out after the second year.
He married Priti Adani, who is a dentist and leads Adani Foundation. They have two sons namely Karan Adani and Jeet Adani.
Will Gautam Adani buy NDTV?
Adani has already bought about 25% ownership of ndtv, now Adani has given open offer to ndtv for 28% ownership.
According to sources and reporter Ravish Kumar’s tweet, it seems that Adani has bought ndtv. SEBI has also given permission to ndtv takeover to Adani. For a long time, the news of Adani buying ndtv is showing good growth in the shares of ndtv in the stock market.
The market price of ndtv share which was Rs 70 a year back has crossed Rs 500 after Adani came into the picture. The valuation of ndtv has also increased from 1200 crores to 3200 crores.
Have to say today everything is possible if Adani is there
If this deal becomes final, as it seems, then Adani’s ndtv will be owned 53% and according to the valuation of 3200 crores, 1800 crores ndtv stake will be with Gautam Adani.
When Adani takeover NDTV?
As per the sources NDTV Adani deal will be completed in December 2022, because Sebi has given takeover permission to Adani.
Ndtv Business Opportunity?
Gautam Adani on Friday said he sees taking over media house NDTV as a responsibility rather than a business opportunity, reported the Financial Times on Friday.
Gautam Adani House
According to reports, Gautam Adani accepted a Rs 400 crore offer to purchase Aditya Estates Pvt Ltd, now known as the ‘Adani House.’ The opulent home, which spans 3.4 acres, is located in New Delhi’s most opulent neighborhood.
After winning a bid, he purchased the property in February 2020. Adani paid Rs 265 crore up front and another Rs 135 crore for statutory expenses, for a total transaction value of Rs 400 crore.
Although little information about the interiors has been released, it is one of the most intriguing mansions in New Delhi’s upscale Mandi House neighborhood.
Adani owns and controls several large industries in India, in addition to the expensive items mentioned above.
Top 5 Acquisition by Gautam Adani
Gautam Adani has acquired more than 30 companies since 2014.
These are the top 5 companies which Adani tried to make his monopoly by buying.
- Adani Wilmar bought Kohinoor rice brand.
- Adani Power acquire DB Power Which is much Stronger than Adani power in same sector.
- In cement sector they acquired Ambuja cement and Acc Cement.
- In Airport Sector they already have the presence in 6 Airports but recently they acquire the Mumbai Airport.
Adani POV : India will be the third largest economy in the world well before 2030
India will be the third largest economy in the world “well before” 2030 and the second largest by 2050, Adani Group chairman said on November 19.
Gautam Adani, speaking at the World Congress of Accountants in Mumbai, stated that India is on track to become a $30 trillion economy by 2050.
Within the next decade, the country will begin adding $1 trillion to its gross domestic product (GDP) every 12-18 months.
“We have gathered during a period of uncertainty. The Covid pandemic, the war between Russia and Ukraine, the challenge of climate change, and the unprecedented acceleration in inflation have created a crisis for global leadership “Adani made a point.
He went on to say, “India is expected to record a 15% increase and $100 billion in FDI this year.”
Concerning renewable energy, the billionaire stated that the combination of solar and green power, combined with green hydrogen, would provide significant future opportunities.
“By 2050, India has the potential to become a net exporter of green energy,” he said.
Adani also expressed optimism about India’s growing economy.
“It took 58 years to get our first trillion dollars in GDP; 12 years to get the next trillion, and only 5 years to get the third trillion.”
Frequently Asked Questions?
Mr Adani, 60, is the world’s third richest man – behind Elon Musk and Jeff Bezos. He Acquire many companies like kohinoor, DB Power, NDTV etc.
Karan Adani is the Ceo of Adani Ports.
He started his Diamond business at the age of 20. Adani had become a billionaire at the age of 50.
- Adani Enterprises.
- Adani Green Energy.
- Adani Ports & SEZ.
- Adani Transmission.
- Adani Total Gas.
- Adani Power.
- Adani Wilmar
[…] Must Read | Gautam Adani the Indian billionaire […]