Biography

Gautam Adani – Net Worth, Biography, Lifestyle

Gautam Adani
Written by Shaheera Shahid

Gautam Adani is an Indian businessman. In this write-up, we will discuss the biography, lifestyle, and net worth of a prominent Indian business tycoon Gautam Adani.

Gautam Adani has laid the foundation of the Adani group and he is its chairman. Its headquarters are in Ahmedabad, Gujrat, India.  Moreover, the foundation also operates in the states of Maharashtra, Rajasthan, Himachal Pradesh, Chhattisgarh, and Odisha.

Gradually, he expanded his business while trading metals, textiles, and agro products. Moreover, business is also spread in the fields of energy, ports logistics, mining resources, gas, defense aerospace, and airports. The company got the Mundra port contract in 1995 two years after being invited to the government of Gujrat event. Currently, it is the largest private multi-port operator in India. Adani Group is the most trusted infrastructure brand.

Later on, Adani also established Adani Power which eventually became the largest thermal producer in the country. Moreover, Adani solar also arose, and the aim is to set up 2000 MW of additional solar cells.

Gautam Adani Biography

Gautam Shantilal Adani was born on 24th June 1962 in Ahmedabad, India. His father, Shantilal Adani was a small textile merchant. While his mother Shanti Adani was a housewife. Gautam Adani has seven siblings.

His parents migrated from Tharad Town to Ahmedabad to earn a substantial income. From an early age, Adani had an absolute vision regarding business. He wanted to establish his own business, instead of taking over his father’s business. So, Gautam Adani is a self-made businessman.

His Education

Gautam Adani did his schooling at Sheth Chimanlal Nagindas Vidyalaya, a school in Ahmedabad. He then did his intermediate. Afterward, Gautam Adani started doing his bachelor’s in commerce at Gujrat University, Ahmedabad. But he did not complete his education and dropped out the second year.

From an early age, Gautam Adani was not keen on academics. When he was of eighteen years of age, he moved to Mumbai. At that time, Gautam Adani only had a few hundred rupees in his pocket. But Adani was determined to do something big. There he worked as a diamond sorter at Mahindra Brothers for two years.

Afterward, Mahasukh Adani – the eldest brother of Gautam Adani – asked him to return to Ahmedabad. He wanted help from his brother in setting up his newly purchased factory.

Shortly, Gautam Adani started importing Poly Vinyl Chloride (PVC) material used in manufacturing plastics. For this purpose, he visited South Korea.

Finally, Gautam Adani himself started importing primary polymers for small-scale industries in 1985. Adani established Adani exports in 1988. Currently, its name is  Adani Enterprises. The company does business in the fields of agriculture and power commodities.

Personal Life Of The Billionaire

Gautam Adani married Priti in 1998. Priti is a dentist and the managing trustee in the Adani group of companies. Gautam Adani and Priti together have two sons Karan Adani and Jeet Adani.

Moreover, Priti also heads a school in Ahmedabad named Adani Vidya Mandir. This school admits those children whose parent’s annual income is less than Rupees 1 Lakh. Gautam Adani shared the reasons behind his success that he focused on trying instead of worrying about the results.

Karan became the CEO of Adani Ports and SEZ (APSEZ) in January 2016. He was supervising the development of Adani Ports across India since 2009 most probably daily operations. Karan Adani is the elder sibling and he married Paridhi Shroff in 2013. They have a daughter named Anuradha Karan Adani.

Gautam Adani Lavish Lifestyle

Gautam Adani has a lavish lifestyle. Adani put his sincere efforts into setting up his business. So, Gautam Adani’s fortunes have drastically changed in the last few years. According to multiple reports, Gautam Adani’s house price is 400 crores.

Being a billionaire, he owns three private jets. Additionally, for quick travels, he has three helicopters. In 2011, Gautam Adan bought a 12 crore AgustaWestland AW139. It is a 15-seater twin-engine.

Let us look at Gautam Adani’s cars. The billionaire bought a scooter in 1977, his very first vehicle. Now he owns a red Ferrari worth approximately around 3-5 crores. On the other hand, the Indian billionaire also has a famous BMW series parked in his garage. He roams around in it. Undoubtedly, the price of a BMW is around 1-3 crores.

No doubt, this Indian is a billionaire who has a lavish lifestyle. Apart from that, he is loved by billions for his humanitarian works. The successful industrialist gave almost 100 crores during the Covid-19 pandemic to the PM cares fund. Additionally, he gave approximately Rupees 5 Crore to the Gujrat CM relief fund and 1 Crore to the Maharashtra Relief Fund.

Net Worth

Gautam Adani’s net worth – according to Forbes – is around the US $78.6 Billion, which equals 5.68 Arab till June 9, 2021. He is an Indian billionaire who is among the richest men in Asia. Before 17 June 2021, he was the richest man in Asia.

In just a period of four days, Gautam Adani’s company suffered a major fall in stocks. Due to a report claiming that the National Securities Depository Limited (NSOL) froze three FPI accounts. They had crucial stakes in four listed firms of the conglomerate.

No doubt, Gautam Adani was the second richest man once, but then the billionaire Zhong Shanshan snatched that position from this Indian businessman. The richest man in Asia is Reliance Industries Chairman Mukesh Ambani.

Anything can happen in the future maybe he overtakes Mukesh Ambani to become the richest man in Asia. Gautam Adani’s net worth keeps on increasing with time.

Gautam Adani Kidnapping And Mumbai Attacks

In the year 1998, the self-made billionaire was kidnapped for ransom. Afterward, when the money was paid to the kidnappers, they released Adani. Also, he was among those people who got stuck during the Mumbai terror attack in the year 2008. Hence, he was staying at Taj Hotel. But the successful businessman was later rescued safely.

Additionally, the world knows Gautam Adani for being a risk taker. His business strategy mostly revolves around excessive leverage and political patronage. People compare him with the Gujrati entrepreneur Dhirubhai Ambani the founder of Reliance Industries.

Dhirubhai Ambani is also a first-generation entrepreneur like Gautam Adani. Adani foundation won the 3rd Annual Greentech CSR award in 2014.

Like other famous people, the successful entrepreneur has also been the subject of various controversies. He was labeled as getting special favors from then Chief Minister of Gujrat Narendra Modi in return for the support provided to Modi in his political campaign in 2014. But Adani turned down these accusations.

So, these were some of the important details about Gautam Shantilal Adani. He did not want to take orders from anyone, that’s why his aim was always to become his own boss.

 

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Shaheera Shahid

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