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Gautam Adani is one of the richest businessmen in India.
His estimated net worth is $10.2 billion as of 2019. He is the founder and chairman of the Adani Group, a conglomerate with businesses in coal mining, oil and gas, ports, power generation, and logistics.
Adani was born into a Gujarati Jain family of traders.
The Adani Group was set up by Gautam Adani when he was 27 years old, with a seed capital of Rs 10,000 (around USD 200) contributed by his uncle.
The group’s core business areas are coal trading, global commodities trading, and agro-processing.
The Adani Group entered the infrastructure sector in 2001 with the development of the Mundra Port. Today, the group has interests in ports, power, oil and gas, mining, and logistics.
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Gautam Adani Net Worth : Who is Gautam Adani?
Gautam Adani is an Indian businessman who is the founder and chairman of the Adani Group, a conglomerate with businesses in ports, power, mining, oil and gas, and logistics.
The group has interests in more than 50 countries across six continents.
Adani was born in 1962 to a family of modest means. He grew up in a Gujarati middle-class family and studied at the Indian Institute of Technology Bombay.
His first job was with Surat Diamond Association before he worked for Adani Enterprises Ltd (AEL). After this, he set up his own business in 1988 when AEL refused to give him a pay hike.
Adani started by supplying diesel to industries operating in the diamond and textiles sectors and he did so with a loan of Rs. 4 lakhs.
He ventured into importing and then exporting commodities such as wheat, sugar, and onions. Today Adani heads the world’s largest private shipping company.
He is said to enjoy the confidence of Modi, who has been chief minister of Gujarat since 2001.
He is also well connected within the Bharatiya Janata Party (BJP) and other affiliates of the Sangh Parivar, such as the Swadeshi Jagran Manch.
Net Worth of Gautam Adani
Gautam Adani, 48 is the chairman and founder of Adani Group. The group was started in 1988 by Gautam Adani with a capital of $100,000 borrowed from his family.
The company earned Rs 672 crore on revenue of Rs 5789 crore in FY10.
It is India’s largest port developer and operator with Mundra port being the world’s largest private port.
The group entered the power generation sector in 2002 and now has an installed capacity of 10,480 MW.
Adani Enterprises is the flagship company of the Adani Group. It is involved in businesses such as ports, power, coal trading, and logistics.
The company posted a net profit of Rs 1,814 crore on a revenue of Rs 23,719 crore in FY12.
The group’s total net worth is estimated to be around Rs 73,000 crore as of March 2013. This makes Gautam Adani one of the richest persons in India.
Gautam Adani is an Indian businessman, chairman, and founder of the $7.1 billion (revenue) Adani Group.
The group deals in coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, agro-products, edible oils refinery, and gas distribution through its subsidiary companies.
In March 2014, Adani Enterprises Ltd. became the first Indian company to export 200,000 tonnes of coal from Australia. In January 2017, it announced a $2 billion investment in the port sector over the next five years.
Adani is also the founder of the Adani Foundation, a non-profit organization that undertakes philanthropic activities in the areas of education, healthcare, and rural development.
Adani is based out of Mundra, Gujarat, and heads a workforce of over 14,500 employees across 10 states in India with 69 million tonnes per annum (MTPA) of port capacity and power generation capacities reaching 3,300 MW.
The Adani Group has been in the news for its proposed $16.5 billion Carmichael coal mine in the Galilee Basin of Queensland, Australia. The project is facing legal and environmental hurdles from green groups.
Career and Education
Gautam Shantilal Adani is the chairman, managing director, and CEO of Gujarat Adani Group. He was born on 24 June 1962 in a Marwari family at Chandrapur.
He did his B. Com from Ahmedabad University and MBA from Saurashtra University. Gautam is called by various names like ‘Zauberer’ (wizard), ‘Magus’. He has emerged as one of the most dynamic entrepreneurs in India.
Gujarat Adani Group was founded by Gautam’s father Shantilal Adani with a capital of Rs 1,000 in 1962 to trade spices. Later it went into manufacturing and logistics.
Today Gujarat Adani Group is one of India’s largest integrated infrastructure conglomerates with businesses in key sectors like resources (coal mining), logistics, oil and gas exploration, international trade, shipping, power generation, and transmission.
Gautam took over the reins of Gujarat Adani Group after the demise of his father Shantilal Adani in 2002. Gujarat Adani Group’s market cap was Rs.6,000 crore and it had revenues of Rs 5,000 crore.
Gautam transformed the group into a USD 10 billion conglomerate with an annual turnover of over $8 billion by 2015.
Gautam is called a wizard for transforming Gujarat Adani Group from a regional player to India’s most dynamic and diversified infrastructure conglomerate.
Gautam Adani was ranked as India’s most powerful person by “Forbes” magazine in 2015.
He has been included in the list of top 50 global business leaders who are working to make this world a better place to live.
Gautam was also one of the 15 Indian Business Magnates who attended the World Economic Forum Meeting in Davos, Switzerland in January 2013.
Gautam was named as Person of the Year by NDTV Profit Business Leadership Awards 2012 under the category of Business Leader of The Year- Industry/Service sector.
He received this award for taking the Gujarat Adani Group to new heights within a short span of 10 years and for his initiatives in the field of education and social welfare.
Under the banner of the Adani Foundation, Gautam has initiated various social welfare programs like providing free education to daughters of migrant laborers, medical assistance to rural areas, support to underprivileged children for their education, and many more.
Achievements
Some of the key achievements of Gautam Adani are as follows:
- He has been able to create a global conglomerate with businesses spread across key sectors such as Energy, Mining, Ports, Real Estate, and Education.
- He has steered the Adani Group from its humble beginnings to becoming one of the largest and most respected conglomerates in India today.
- He was ranked one of the top 50 most powerful people in the world by Fortune Magazine along with many other accolades.
- He is also an active participant in various social causes and has also adopted a village under The Adani Foundation which provides high-quality healthcare, electricity, internet connectivity, etc to its people.
- He also got the opportunity to address a joint session of both the Houses of Parliament as well as the US Congress when he was invited by former Prime Minister Manmohan Singh and US President Barack Obama respectively.
Gautam Adani In News :
- Gautam Adani misses a chance to overtake Mukesh Ambani as Asia’s richest man
- Billionaire Gautam Adani’s disputed mine shows ditching coal isn’t easy
- Adani Group port-arm quizzed on drug seizure: Finance Ministry
Gautam Adani Interviews :
FAQs on Gautam Adani Net Worth :
What is the source of Gautam Adani's wealth?
The source of Gautam Adani's wealth is his various businesses in India like Adani Group, Adani Ports and SEZ and Adani Power.
Where is Gautam Adani's house? What is Gautam Adani's car brand?
Gautam Adani lives in Ahmedabad, Gujarat as per 2019. He does not own a car as he prefers living on his bike.
What are some of the controversies around Gautam Adani?
There are several controversies around Gautam Adani such as allegations of crony capitalism, tax fraud, illegal mining, and environmental destruction. However, he has always denied any wrongdoing.
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Conclusion: Gautam Adani Net Worth 2024
Gautam Adani’s net worth is estimated to be $10.8 billion as of 2019, making him one of the richest people in India.
He owes his wealth to his various businesses, which include ports, railroads, and coal mining.
Adani has been praised for his business acumen and his ability to turn around loss-making businesses. He is the founder and chairman of the Adani Group, which was established in 1988 as a commodity trading firm.
Adani began his career by importing coal to India from Indonesia, Singapore, and Australia. Since then, he has diversified his business into various sectors such as oil & gas exploration, agriculture, edible oils, and real estate.
The Adani Group now has a presence in over 20 countries, with a workforce of more than 60,000 employees.
Adani is known for his philanthropic work and has established the Adani Foundation to provide education and healthcare services to the rural poor.
He is also the founder of the Adani Vidya Mandir school, which provides education to the children of the employees of his group.
