Gautam Adani Biography
Gautam Adani is a billionaire industrialist and philanthropist from India. He is the chairman and founder of the Adani Group, a multinational conglomerate based in Ahmedabad that is involved in port development and operations in India.
How old is Gautam Adani? – Age
He is 60 years old as of 24 June 2022. He was born in 1962 in Ahmedabad, India. His real name is Gautam Shantilal Adani.
Gautam Adani Family
Adani was born in Ahmedabad, Gujarat, to Shantilal Adani and Shanti Adani. He has seven siblings, and his parents moved from the northern Gujarat town of Tharad. His father ran a small textile business. He attended Ahmedabad’s Sheth Chimanlal Nagindas Vidyalaya school. He enrolled at Gujarat University for a bachelor’s degree in commerce but dropped out after the second year. Adani was interested in business, but not in his father’s textile company.
Gautam Adani Husband
Adani is married to Priti Adani, and the couple has two children; Karan Adani and Jeet Adani are their two sons.
Who is Gautam Adani Net Worth?
He has an estimated net worth of $115.8 billion. According to Forbes and Bloomberg Billionaires Index, he is the richest person in India and Asia and the fourth richest person in the world.
Where is Gautam Adani House?
Adani’s bungalow is located in one of Delhi’s most affluent neighborhoods, the Lutyens, close to the central secretariat. It possesses the allure and beauty of Indian-style architecture. The lawn, which is surrounded by numerous trees, adds a pleasing field to the house. There are several courtyards that add to the ambiance of the home. The property has all of the sophisticated and modern amenities while preserving the natural beauty. There are approximately six living rooms, seven bedrooms, a dining room, and a library in the bungalow. In addition, the bungalow has a staff room that is 7,000 square feet in size.
He has a bungalow in his hometown of Ahmadabad, India, in addition to his sophisticated bungalow in Delhi. His bungalow in Ahmedabad is similar to his bungalow in Delhi. Mr Adani’s Ahmedabad bungalow is located in the city center. After entering the enchanting property, you will notice that the bungalow is surrounded by lush green lawns and deep-rooted trees. The lawn area and multiple courtyards add to the property’s positive vibe and increase its overall appeal. The billionaire’s permanent residence is the Ahmedabad bungalow. He lives there with his wife, Priti Adani, his sons, Karan and Jeet Adani, and his daughter-in-law, Paridhi Karan Adani. Furthermore, when looking at his properties, one cannot help but notice that they are all Vastu (Hindu science of structure) compliant.
Is Gautam Adani a self-made Billionaire? – Career
Adani moved to Mumbai as a teenager in 1978 to work as a diamond sorter for Mahendra Brothers. In 1981, his elder brother Mahasukhbhai Adani purchased a plastics unit in Ahmedabad and asked him to run it. This venture proved to be Adani’s entry point into global trading via polyvinyl chloride (PVC) imports.
He began importing primary polymers for small-scale industries in 1985. Adani established Adani Exports, now known as Adani Enterprises, as the Adani Group’s holding company in 1988. Initially, the company traded in agricultural and energy commodities. In 1991, economic liberalization policies proved beneficial to his company, and he began expanding into metals, textiles, and agricultural products trading.
The Government of Gujarat announced managerial outsourcing of the Mundra Port in 1994, and Adani was awarded the contract in 1995. He built the first jetty in 1995. The operations were transferred to Adani Ports & SEZ from Mundra Port & Special Economic Zone (APSEZ). The company is now the largest private multi-port operator in the world. Mundra Port is India’s largest private sector port, capable of handling nearly 210 million tons of cargo per year.
Adani Power, the Adani Group’s power business arm, was founded in 1996. Adani Power owns 4620MW of thermal power plants, making it the country’s largest private thermal power producer. Adani entered the power generation business in 2006. He purchased the Abbot Point Port in Australia and the Carmichael coal mine in Queensland between 2009 and 2012.
Adani was awarded the world’s largest solar bid by the Solar Energy Corporation of India (SECI) in May 2020, valued at US$6 billion. Adani Green will take on the 8000MW photovoltaic power plant project, while Adani Solar will add 2000MW of solar cell and module manufacturing capacity.
Adani will purchase a 74% stake in Mumbai International Airport, India’s second busiest after Delhi, in September 2020. In February 2022, he surpassed Mukesh Ambani to become Asia’s richest person. In May 2022, the Adani family paid $10.5 billion to Holcim Group for Ambuja Cements and its subsidiary ACC via an overseas special-purpose entity. Adani is the president of the Adani Foundation, which is supported by the Adani Group. It was established in 1996. The Foundation also works in Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh, and Odisha, in addition to Gujarat.
Gautam Adani Donations
To combat the Coronavirus outbreak, he contributed 100 crore (US$13 million) to the PM Cares Fund through his group’s philanthropy arm in March 2020. A 5 crore (US$630,000) contribution was made to the Gujarat CM Relief Fund, and a 1 crore (US$130,000) contribution was made to the Maharashtra CM Relief Fund.
Diversified conglomerate led by Adani From Dammam, Saudi Arabia, Adani Group imported four ISO cryogenic tanks containing 80 metric tons of liquid medical oxygen to Mundra, Gujarat. Linde Saudi Arabia also provided the group with 5,000 medical-grade oxygen cylinders. Adani stated on Twitter that his organization delivers 1,500 cylinders of medical oxygen to wherever they are needed in Gujarat’s Kutch district on a daily basis. Adani has pledged to donate Rs 60,000 crore ($7.7 billion) to social causes by June 2022. Adani’s corpus will be managed by the Adani Foundation, making it one of India’s largest transfers to a philanthropic trust.