Gautam Adani Net Worth

What is Gautam Adani’s net worth?

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net worth:	$55 billion
age:	62
Birth:	June 24, 1962
gender:	Male
Height:	1.67 m (5 ft 6 in)
country of origin:	India
Source of funds:	entrepreneur
Last Updated:	August 16, 2024

Introduction

Gautam Adani is the second richest person in the world and the founder and chairman of the Adani Group. His company ranks among the top three industrial groups in India, his philosophy is, “Growth with Goodness”.

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Most of his wealth comes from his 62% stake in Adani Ports and 75% stake in Adani Enterprises. His companies have become one of the most well-known and respected players in their respective industries.

Adani is also the chairman of the Adani Foundation, a non-profit organisation he founded to promote sustainability and growth in India.

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

quick Facts

Gautam started his career in mining by working as a diamond sorter for the Mahendra brothers.
He is known for his incredible negotiation skills, having completed the deal to buy Udupi Power Corporation Limited in 2014 in just 100 hours.
Like most billionaires, Gautam is a university dropout who quit his studies in the second year to pursue his dreams.
In 2008, he survived the 26/11 terrorist attacks in Mumbai.
He is the architect of the Indian Port-Rail Connectivity Policy.

Early Life

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

His parents moved from Tharad when he was a child and Gautam was educated at Sheth Chinalal Nagindas Vidyalaya in Gujarat. He went to Gujarat University to study commerce, but dropped out in the second year to pursue other interests in business.

His father worked as a textile merchant, but Gautam had no interest in that business. In his teens, he decided to move to Mumbai. He started working as a diamond sorter at Mahendra Brothers and worked with them for more than two years before he took advantage of an incredible opportunity offered by his brother Mahasukhbhai Adani.

Livelihood

His brother gave him a new opportunity to manage a plastics unit which he decided to buy. This was the beginning of his adventure in global business and his vast empire.

While working for his brother, Gautam wanted to fulfill his entrepreneurial dreams, which was to start Adani Enterprises. Having made millions through diamond broking, he set up a holding company called Adani Enterprises.

Using the knowledge and skills he had acquired through years of negotiations, he started trading in agricultural and power commodities. He expanded to trading in textiles, metals and various agricultural products in 1991.

They set up their first jetty after getting the contract for Mundra Port in 1995. From this small beginning, the company has grown to become the largest private multi-port operator worldwide with a handling capacity estimated at 21 million cubic tonnes per annum.

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Gautam has a keen interest in renewable and eco-friendly power generation, having won the world’s largest solar bid of $6 billion in 2020.

Not content with limiting his business activities, Gautam managed to negotiate a 74% stake in the Mumbai International Airport.

Adani has also faced criticism over his stake in media giant RRPR Holding. The company has a controlling stake in the national broadcaster in India and questions arise about its editorial independence due to Adani’s close ties with the Indian Prime Minister.

Adani’s interests in gas and oil, port management contracts, and ownership of coal mining and power stations have made him the second richest man in the world after Elon Musk and is likely to overtake him soon.

Gautam Adani’s Career Earnings

Due to the complex nature of Adani’s companies and his shareholding in each entity, it is extremely difficult to calculate how much he earns annually from his business empire.

Here is an estimated overview of Gautam Adani’s annual earnings:

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

With Adani’s business acumen and excellent negotiation skills, he will undoubtedly continue to expand his business interests and reap huge personal rewards for his efforts.

total assets annual

Gautam has always focused on amassing immense wealth, so it is no surprise that his business empire has spread all across the globe.

The details of Gautam Adani’s annual net worth are as follows:

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

His business interests are interconnected to such an extent that it has been described as an economic ecosystem. The result is that the businesses are interdependent and Adani’s net worth will continue to rise in the near future.

personal life

He has two sons, Karen Adani and Jeet Adani, and is married to Preeti Adani, a dentist. His wife runs a school, Adani Vidya Mandir, which helps the less fortunate in Ahmedabad.

In 2008, Gautam was at the Taj Mahal Hotel when terrorists surrounded the building. He hid in the basement until help arrived and survived the terrorist attack, which claimed the lives of 166 people.

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

Gautam joins wealthy businessmen such as Mukesh Ambani, Vijay Mallya and Shiv Nadar as targets for kidnappers in an increasingly dangerous country.

Awards and achievements

Here are some memorable moments from Gautam Adani’s career:

They won the world’s largest solar bid in 2020.
Gautam was awarded the USIBC 2022 Global Leadership Award.
He received the Excellence in Management Award in 2007.
In 2022, Gautam was declared the second richest person in the world, just behind tech billionaire Elon Musk.
In 2008, he received the Dun & Bradstreet – Rolta Corporate Award.
He also received the Port Authority Award in 2006 from the Adani Group.
It was once named a “Five Star Exporting” house, and also received the FIEO Export Shree Gold Trophy in 2005.

How does Gautam Adani spend his money?

He is conscious of the extreme poverty prevailing in India and donates 3% of his income to charitable causes.

He is the chairman of the Adani Foundation, which is primarily run by his wife. The foundation is committed to helping build a healthy community with its infrastructure, health, and education projects.

He sees the value in property and has invested a large portion of his wealth in several properties around the world.

Gautam owns several assets, some of which are his impressive jet collection, which includes a 2009 Bombardier Challenger 605, a 2013 Embraer Legacy 650, and a 2007 Hawker 850XP.

His car collection consists of some of the most expensive cars in the world, including top luxury cars like BMW, Ferrari, and various limousines.

Summary

Using his extensive knowledge of industry and business, Gautam took the business world by storm.

Even though there are many controversies surrounding this billionaire, there is no doubt that he has reached the pinnacle of corporate and entrepreneurial life.

At 60, he continues to expand his company, but he is also looking to grow personally and is committed to improving his life and the lives of those around him.