All About The World’s Third Richest Billionaire – Gautam Adani

Last updated on February 8th, 2023 at 02:20 pm

Hello guys, welcome to my new blog post “All About The World’s Third Richest Billionaire – Gautam Adani”. If you have a little bit interest in business news then you also know about the world’s third billionaire Gautam Adani. In this post, I will tell you almost all about Mr Gautam Adani.

If you want to know more about Gautam Adani then read this post.

Who Is Gautam Adani?

Mr Gautam Adani is an Indian citizen who is also a successful businessman and now he is third richest billionaire of the world. He is the founder of Adani Group.

Early life of Mr Gautam Adani

Let start this topic with his early life. Adani was born in Ahmedabad (Gujrat) on June 24, 1962. His parents name is Shantilal and Shantaben Adani. Adani has 7 siblings and live in Gujarat. If we talk about his father’s occupation then his father is a small textile merchant.

Education

If we talk about Adani’s education then you are socked that he is a college drop out. He took admission at Gujarat University and enrolled bachelor’s degree in commerce. But he dropped his collage in second year. Mr Adani was keen on business but he did not want to be a part of his father’s textile business.

Career

Now it turn to tell you about his career. Gautam moved to Mumbai as a teenager in 1978. He was worked for Mahendra Brothers as a diamond sorter. In 1981, Gautam’s elder brother “Mahasukhbahia Adani” bought a plastics unit in Ahmedabad and offer him to manage the operations. This venture makes the gateways for Gautam Adani to entering into the global trading.

Then in 1985, he started importing primary polymers for small amount. And in 1988 he established Adani Exports which is knowns as Adani Enterprises. It is the holding company of Adani Group. Mainly this company deals in agricultural and power commodities.

In 1991, Adani’s economic liberalization policies works and then he expands the business into trading of metals, textiles, and Agro products. Adani got the contract of the Mundra Port in 1995.

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After this, Adani was unstoppable and in 1996 he was founded the power business arm of the Adani Group, Adani Power. Adani power is a thermal power plant whose capacity is 4620MW.

In 2006, he entered the power generation and from 2009-2012 he acquired Abbot Point (Australia) and Carmichael Coal mine in Queensland.

He won the world’s largest solar bid by SECI (Solar Energy Corporation of India) in May 2020. And in September 2020, he acquired a 74 percent stake in Mumbai International airport which is the second busiest airport after Delhi.

In February 2022, he surpassing Mukesh Ambani and become Asia’s richest person. February 2022 is the time when he acquired Ambuja Cements and its subsidiary ACC from Holcim Group. And now he also acquired the national news broadcaster NDTV. But NDTV said that they did not know about this deal was done for Adani because the deal was done by the third party.

Gautam Adani is known as the close person to Prime Minister Modi’s ruling party Bhartiya Janata Party (BJP) that’s why some people raised a concern about editorial independence in India.

Personal life

The wife’s name of Gautam Adani is Priti Adani. Gautam has two sons, Karan Adani and Jeet Adani.

Gautam Adani’s Net Worth

Now let’s talk about the net worth. If we talk about the net worth of Gautam Adani then the net worth is 140.7 billion USD. This amount of money makes him the third richest person of the world.

Latest News On Adani  Business

If you are a businessman or fond of business news then you must listen about Hindenburg news on Adani’s business. After the news of Hindenburg there is a drop fall appears on Adani’s business. It is a bad news for Gautam’s business but on 7 February 2023 Adani suddenly come back into the business. And he comes on 17th richest person in the world from 21 position according to the Forbes.

Conclusion

This is all done in all about Gautam Adani. If you like this post then please give 5 start rating and share this post. For more interesting post like this please follow my blog.