If you want to know about Gautam Adani Biography then I think you are on a good website. So let’s know something about Gautam Adani. Gautam Adani Biography: Gautam Adani, an Indian business tycoon who founded the Adani Group in 1988, has surpassed Warren Buffett to become the fifth-richest man in the world. He expanded his business to Energy, Ports Logistics, Mining, Resources, Gas, Defense Aerospace, and Airports. Let’s read more about Gautam Adani’s family, early life, education, career, philanthropy, etc.
Gautam Adani Biography: According to Forbes’ Real-Time Billionaire Index, billionaire industrialist Gautam Adani has surpassed Warren Buffett as the fifth richest man in the world. At present, its total assets stand at 122.2 billion.
Gautam Adani is the Chairman and Founder of Adani Group, an Indian multinational organization headquartered in Ahmedabad, Gujarat, India. His wife, Preeti Adani, heads the Adani Foundation.
He is a first-generation entrepreneur and driven by the core philosophy of adding “growth with the good” through his vision of nation-building. On June 17, 2021, he lost the title of the second richest man in Asia due to the sudden fall in shares of Adani Group.
Adani Group has formed 6 publicly listed companies. Let us look at Gautam Adani’s family, early life, education, career, philanthropy, etc.
Gautam Adani Biography:
|Full Name||Gautam Shantilal Adani|
|Birth||24 June 1962|
|Place of Birth||Ahmedabad, Gujarat, India|
|Age (as of 2021)||59|
|Known for||Founder and chairman, Adani Group|
President, Adani Foundation
|School||Sheth Chimanlal Nagindas Vidyalaya School, Ahmedabad, India|
|College/University||Gujarat University, India|
|Educational Qualification||Started Bachelors in Commerce (Dropped out in IInd year)|
|Father’s Name||Shantilal Adani|
|Mother’s Name||Shanti Adani|
|Children||Karan Adani and Jeet Adani.|
|Net Worth||$90.1B (as of 1/14/22) Forbes|
|Source of Wealth||Infrastructure, Commodities, Self Made|
Gautam Adani Biography: Early Life, Family, and Education:
He was born on 24 June 1962 in Ahmedabad, Gujarat to a middle-class Jain family. His father is Shantilal and his mother is Shanti Adani. His seven siblings and eldest brother Mansukh Adani. The family moved from Tharad in North Gujarat in search of livelihood. Her father was a small textile trader.
He attended Seth CN School in Ahmedabad. At Gujarat University, he was admitted for a bachelor’s degree in commerce, but dropped out after the second year.
He married Preeti Adani, a dentist, and head of the Adani Foundation. They have two sons named Karan Adani and Jit Adani.
Gautam Adani Biography: Abduction and Mumbai Attacks:
Gautam Adani was abducted in 1998 and held hostage for ransom. He was later released on bail. He was at the Taj Hotel during the 2008 Mumbai attacks. He was later rescued.
Gautam Adani Biography: Career:
Gautam Adani was always attracted to business and wanted to do his own business but he did not take over his father’s textile business. Scroll down to know about his career.
Gautam Adani moved to Mumbai in his teenage years in 1978 and worked as a diamond sorter for Mahendra Brothers. He worked there for around two to three years before establishing his own diamond brokerage firm at Zaveri Bazaar, Mumbai.
In Ahmedabad, Gautam’s elder brother Mansukhbhai Adani brought a plastics unit in 1981 and invited him to manage operations. This venture turned out to be Adani’s gateway to global trading via Polyvinyl Chloride (PVC) imports.
He then started importing primary polymers for small-scale industries in 1985. Adani established Adani Exports in 1988 and is now known as Adani Enterprises. The company deals in agriculture and power commodities.
In the 90s business expanded. For the Adani group, economic liberalization policies turned out to be favorable in 1991 and he started expanding it into the trading of metals, textiles, and agro products.
Adani got the contract for the port of Mundra in 1995. He established the first one in 1995. It was mainly operated by the Port of Mundra and the Special Economic Zone. Later, the operations were shifted to Adani Ports and SEZ (APSEZ). Nowadays, the largest private multi-port operator.
Adani Power was established in 1996 by Adani, the business branch of the Adani Group. It holds a thermal power plant of about 4620 capacity and is the largest thermal power producer in the country.
He also entered the power generation business in 2006. He also acquired the Abbott Point Port in Australia and the Carmichael Coal Mine in Queensland from 2009 to 2012.
Adani won the world’s largest solar bid in May 2020 by the Solar Energy Corporation of India (SECI) worth 6 billion. In the future, Adani Green will also take up the project of an 8000 MW photovoltaic power plant. Adani Solar will set up an additional 2000 MW solar cell and module production capacity.
Gautam Adani Biography: Philanthropy:
Gautam Adani is the President of the Adani Foundation. The Foundation operates not only in Gujarat but also in the states of Maharashtra, Rajasthan, Himachal Pradesh, Madhya Pradesh, Chhattisgarh, and Orissa.
According to some reports, he contributed about Rs 100 crore to the Prime Minister’s Care Fund in March 2020 through his group’s public interest to fight COVID-19. In addition, about Rs, 5 crores were given to the Gujarat Chief Minister’s Relief Fund and Rs 1 crore to the Maharashtra Chief Minister’s Relief Fund.