Gautam Adani : From Rags to Riches .

Gautam Adani’s early life :-

Adani was born on 24 June 1962 to a middle-class Gujarati Baniya family in Ahmedabad , Gujarat. He did his schooling at Seth C.N Vidayalaya School in Ahmedabad , later on he went to Gujarat University to pursue B.com where he dropped out after the second year.

Adani’s entrepreneurial spirit made him leave Ahmedabad and move to Mumbai when he was 18 . He began working as a diamond sorter at Mahindra brothers and set up his own diamond brokerage business after a couple of years . His Business did well and he became a millionaire by the time he was 20.

In Ahmedabad, Gautam’s elder brother Mansukhbhai Adani bought 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.

Gautam Adani : From Rags to Riches :-

In 1988, he established Adani Exports Limited (now known as the Adani Enterprises Ltd). The company initially dealt in agricultural commodities and power and eventually expanded over the years. In 1993, the Government of Gujarat invited private companies to run the Mundra Port and in 1995 Adani won the contract. It was initially operated by Mundra Port & Special Economic Zone Ltd which was later expanded into the Adani Ports and Special Economic Zone Limited (APSEZ). It is today India’s largest private multi-port operator.

Adani group as of 2022 , now comprises of seven publicly listed companies with businesses across sectors of energy, ports & logistics, mining & resources, gas, defence & aerospace and airports. The seven listed companies under the group are Adani Enterprises Ltd, Adani Ports & SEZ Ltd, Adani Total Gas Ltd, Adani Green Energy Ltd, Adani Transmission Ltd, Adani Power Ltd and Adani Wilmar. The group’s unit is India’s largest port operator handling 312 million metric tonnes of cargo (as per 2022 data), the largest private airport player with seven airports under management and rights for one more under construction. It also has India’s largest private thermal power company with 14,000 MW of thermal and lignite plants and the largest solar power company with 5,400 MW installed capacity and 14,600 MW under construction. https://en.wikipedia.org/wiki/Gautam_Adani

Gautam Adani personal life:-

Gautam Adani is married to Priti Adani . The couple has two sons , Karan Adani and Jeet Adani.

Gautam Adani’s Net Worth :-

As per the Real Time billionaire list of Forbes 29th November 2022 . Gautam Adani stands at 3rd position with $134.3 billion after Elon Musk ($191.2 billion) and Bernard Arnault & family which is $181.1 billion. https://www.forbes.com/real-time-billionaires/#bf92e223d788

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Surprising Facts about Gautam Adani :-

• Gautam Adani was born in a family owning a textile business. But, he was never interested in his family business and made his first million within three years of his Mumbai life as a diamond broker. Adani was a self-made millionaire at the age of 20. 

• He was once abducted and is one of the survivors of the 26/11 terrorist attacks in Mumbai | Adani was kidnapped for ransom of $1.5 million in 1998. Later on November 26, 2008, he was having dinner at the Taj hotel when terrorists attacked. He hid in the basement and later escaped when the commandos took control of the place.

• Adani added $72.5 billion to his wealth in just 2021-22 | Gautam Adani’s wealth increased by $49 billion in 2021 as per the 2022 M3M Hurun Global Rich List, and it further increased by $23.5 billion in 2022 so far, as per a Bloomberg report.

• Gautam Adani’s foundation is in 16 states of the country. In these places, the Adani Foundation provides quality primary education to more than 4 million population in more than 2400 villages. It also works for public health, self-employment and the eradication of malnutrition. Adani Foundation also provides training to one lakh boys and girls from 11 states under skill development. On its 60th birthday, the Adani Foundation has decided to donate Rs 60,000 crore for social causes.