Adani Group's business presence in the Indian industry has been growing in the last few years. Many businesses, from airports to ports and from power generation to power distribution, are now concentrated in the Adani Group. Gautam Adani, the head of the same Adani group, had a few days ago become the richest man in Asia. After this, Gautam Adani is now ranked fifth in the list of richest people in the world. He has jumped to fifth place behind Wall Street investor Warren Buffett. In this article we are going to get information about Gautam Adani's net worth. Along with this, let's know more about who is Gautam Adani, his early life, Education and industrial career of Gautam Adani.
Who is Gautam Adani
Gautam Adani is the richest person in our country India and Asia and he is the 5th richest person in the world. He is the most successful business tycoon of India. He got this success on the basis of his hard work. He is the chairman and founder of the Adani Foundation, which is mainly led by his wife Preeti Adani.
Gautam Adani is the chairman and founder of the Adani Group – which owns multiple businesses from airports to ports and from power generation to distribution. He has six publicly-operated companies in India, including Adani Enterprises, Adani Green Energy, Coal Mining, Gas & Petroleum and Adani Power.
Gautam Adani Early Life and Education
Gautam Adani was born on 24 June 1962 in Ahmedabad, Gujarat in a Gujarati lower middle class family. His father's name was Shantilal and mother's name was Shantaben. Gautam's family was very big, they were 7 siblings in total.
Gautam Adani completed his early education from Seth C N Vidyalaya, Ahmedabad and then joined Gujarat University to study commerce but left his studies in the middle and came to Mumbai at the age of 19 with the dream of becoming rich.
Industrial Career of Gautam Adani
In the year 1978, young Gautam Adani came to Mumbai. He worked as a Dimond Shorter for Mahendra Brothers for 2 to 3 years. After that he started his own Dimond Brokerage Firm in Zaveri Bazar. In the year 1981, Gautam's elder brother Mansukh Adani bought a plastic unit and offered Gautam to operate it (management work). This adventure of the Adani family became the gateway to global trade through import of PVC (Poly Vinyl Chloride).
In the year 1985, he started the import of primary polymer for small scale industries. Later in the year 1988 Gautam Adani established Adani Exports Limited. At present, this company is known as Adani Enterprises Limited. Adani Group benefited greatly in the year 1991 with the help of economic liberalization policies. This industrial organization carried on business in metal, textile and agricultural products business. In the year 1993 the Government of Gujarat announced the managerial outsourcing of Mudra Port. Adani Group got this contract in the year 1995.
In the year 1995, he established the first jetty. The operations, originally run by Mudra Port and Special Economic Zone, were transferred to Adani Ports & S.I.Z.Ltd. (APSEZ) was transferred. Today Adani Company (APSEZ) is the largest private multi port operator. As a private sector port, “Mudra Port” is the largest private sector port in the country of India. The cargo capacity of this port is 210 million tonnes per annum.
In the year 1996, Gautam Adani established the power business arm of Adani power limited. This company has the largest private thermal power generation plant in the country. Which has a capacity of 4620 MW. In the year 2006, Gautam Adani entered the seedling production business. They acquired Carmichael Cole in Queensland and Abbot Point Port in Australia between 2009 and 2012.
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Gautam Adani Net Worth
Gautam Adani has now become the richest Indian. According to the Bloomberg Billionaires Index, Adani Group chairman Gautam Adani has overtaken Reliance Industries CMD Mukesh Ambani as the richest person. Gautam Adani's net worth has now crossed $100 billion, making him the richest Indian.
If we talk about this year, Ambani's wealth has decreased by 17.5 crore dollars. Adani's wealth has increased by 32.7 billion dollars. Adani's wealth has seen a tremendous boom in the last one year. Since May 2020 till now, there has been a huge increase in the share of their listed companies. As the stock market fluctuated, the shares of Adani's companies were always on the upswing and set a new price record every week.
The market cap of Adani's listed 6 companies has grown by 41.2 percent in one year. Adani Group companies have a market cap of Rs 8.4 lakh crore. If we talk about last year, the market cap of Adani group companies was 20 billion dollars. Which is now 115 billion dollars. That is, it has increased by 6 times. In the last 1 year, Adani Total Gas shares have increased by 114 times, which are the highest growing shares. Shares of Adani Enterprises have increased by 82 times, while shares of Adani Transmission have increased by 61 times. Shares of Adani Green Energy have increased 43 times and shares of Adani Power have increased more than 18 times.
Frequently Asked Questions About Gautam Adani
Q1. What business does Gautam Adani do?
Ans: Adani Group operates in fields like coal, power, logistics, real estate, agro products, oil and gas.
Q2. How many companies does Gautam Adani have?
Ans: Adani Group currently has three companies. Adani Green Energy, Adani Total and Adani Transmission.
Q3. What is the net worth of Gautam Adani?
Ans: Gautam Adani's net worth is US$ 100 billion.
Q4. Who is the richest person in India?
Ans: Gautam Adani is currently the richest person in India.
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