Gautam Adani Net Worth

What is Gautam Adani's net worth?

net worth:	$55 billion
age:	62
Date of Birth:	June 24, 1962
gender:	male
high:	1.67 m (5 ft 6 in)
country of origin:	India
Source of wealth:	entrepreneur
Last updated:	September 16, 2024

introduce

Gautam Adani is the world's second richest man and the founder and chairman of the Adani Group, one of India's top three industrial groups. His philosophy is “growth with goodness.”

The bulk of his wealth comes from his 62% stake in Adani Ports and 75% stake in 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 Facts

Gautam started out in mining as a diamond sorter for Mahendra Brothers.
He is known for his excellent negotiation skills and in 2014 he completed the acquisition of Udupi Electricity Corporation Limited in just 100 hours.
Like most billionaires, Gautam is a college dropout who gave up his studies in his sophomore year to pursue his dreams.
In 2008, he survived the November 26 terrorist attacks 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 attended the Sheth Chinalal Najindas Vidhya School in Gujarat. Gautam studied commerce at Gujarat University but dropped out in his second year to explore other interests in commerce.

His father was a textile merchant, but Gautam had no interest in the industry. As a teenager, he decided to move to Mumbai. He started working as a diamond sorter at Mahendra Brothers for over two years before grabbing a great opportunity offered by his elder brother, Mahasukhbhai Adani.

Profession

The new opportunity his brother gave him was to manage a plastics 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 started Adani Enterprises. Having made millions from diamond brokerage, he set up a holding company, Adani Enterprises.

He used the knowledge and skills he gained from his years of negotiation experience to start a company that traded agricultural and power commodities. In 1991, he expanded his business to include textiles, metals and various agricultural products.

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

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

Not content with limiting his own trading activities, Gautam negotiated a 74% stake in Mumbai International Airport.

Adani has also been criticised 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 due to Adani's close ties to India's prime minister.

With interests in gas and oil, plus port management contracts and ownership of coal mines and power stations, Adani has become the world's second-richest man after Elon Musk and is likely to surpass him soon.

Gautam Adani's career earnings

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

Here is the estimated annual income of Gautam Adani:

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 superb negotiating skills, he will undoubtedly continue to expand his business interests and reap huge personal rewards.

Net assets per year

Gautam has always been focused on making huge wealth, so it is no surprise that his business empire has expanded to cover the entire globe.

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

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 so inextricably linked that some even describe them as an economic ecosystem. As a result, these businesses are interdependent and will continue to increase Adani's net worth for the foreseeable 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 at the Taj Mahal Hotel when militants laid siege to 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 joins other wealthy businessmen such as Mukesh Ambani, Vijay Mallya and Shiv Nadar in becoming a target for kidnappers in this increasingly dangerous country.

Awards and Achievements

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

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

How does Gautam Adani spend his money?

Aware of the poverty problem 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 is dedicated to helping create healthy communities through infrastructure, health and education projects.

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

Gautam owns many assets, including his impressive collection of jets, including a 2009 Bombardier Challenger 605, a 2013 Embraer Legacy 650 and a 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 took the business world by storm using his vast knowledge of industry and commerce.

There may be a lot of controversies surrounding this billionaire, but there is no doubt that he has reached the pinnacle of his business and entrepreneurial career.

Even at 60, he continues to grow his company while also driving his own personal growth and striving to improve his own life and the lives of those around him.