Gautam Adani was born in Ahmedabad, India, into a bania family with seven other siblings. His family had a textile business, and he was ambitious from an early age.
He dropped out of school at a young age to attend Gujarat University but did not complete his degree because he had no intention of joining his father’s textile business.
Today, Adani is one of the richest people in the world.
A look at Gautam Adani’s wealth
The Adani Group is a billionaire conglomerate based in Ahmedabad, India. It is involved in port development and operations.
The Adani Group is the founder of Adani Steel, a global steel company with operations throughout the world.
Gautam Adani’s wealth is enormous and the Adani family is deeply involved in philanthropy. Here’s a breakdown of his wealth.
How Rich is Gautam Adani?
The world has watched in awe as the Adani group is now India’s largest single-location power producer. The group is also planning to expand its port business with an LNG terminal.
In 2013, the Central government awarded 126 tenders to 23 of the country’s biggest companies, including Adani. Adani completed 15 of them by itself, and the rest was completed in partnership with the Indian Oil Corporation.
But the company’s expansion plans are still far from being completed.
Gautam Adani’s investments
In the past decade, Adani has grown to be India’s biggest coal buyer and has also carved out a significant presence in the infrastructure sector.
His investments have also helped him to develop one of the largest ports in India, Mundra, and he owns 74% of Mumbai’s international airport. Moreover, Adani has made investments in green energy, and in recent months, his Adani Green Energy stock price almost doubled.
Gautam Adani’s family, Children, Wife
In 2013, Forbes India magazine listed Gautam Adani among the 100 richest people in India.
He is a billionaire who founded Adani Group, a multinational conglomerate involved in coal trading, mining, oil & gas exploration, ports, and power generation.
Born on 24 June 1962, Adani dropped out of school and moved to Mumbai in search of fortune. He began by brokering diamonds, eventually becoming a millionaire in a few years.
Gautam Adani’s career
India’s billionaire Gautam Adani built his business empire on coal and has diversified into other sectors. The coal miner has become the infrastructure king of India, with interests in airports, data centers, and defense.
This pivot has been well received by investors, who have rewarded his risk-taking and backed his strategy. However, there are many questions that remain. The most prominent question is why Adani is so rich.