Gautam Adani

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Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire industrialist and businessman. He founded Adani Group, a multinational company which is involved in port development and operations in India.[1] He is the present president of Adani Foundation. As of December 2022, he had a net worth of US$138.1 billion (according to Forbes) and $133 billion (according to Bloomberg), making him the richest person in Asia and the seventh richest person in the world.[2] Early in 2023 the value of his listed companies fell by over $100 billion after his group was accused of accounting fraud and stock price manipulation.[3]

When Adani was a teenager went to Mumbai in 1978 to work as a diamond sorter for Mahendra Brothers.[4] Later, he and his brother Mahasukbhai set up a PVC unit in Ahemdabad and stated global trading operations.[5] After some time, Adani created his own company as Adani Enterprise. The company only dealt in agricultural and power commodities.[6]

He was in the Taj Mahal Palace Hotel during the 2008 Mumbai attacks.[7][8] In September 2020, Adani acquired a 74% stake in Mumbai International Airport.[9]

References[change | change source]

  1. ↑ "Gautam Adani Bloomberg Index". Bloomberg.com. Retrieved 11 February 2022.
  2. ↑ "Real Time Billionaires". Forbes. Retrieved 2022-09-18.
  3. ↑ Cornish, Chloe (2023-05-18). "Adani seeks to woo bankers with three-day tour after short seller's attack". Financial Times. Retrieved 2023-07-10.
  4. ↑ Tumbe, Chinmay (2017-12-12). "Transnational Indian Business in the Twentieth Century". Business History Review. 91 (4): 651–679. doi:10.1017/S0007680517001350. S2CID 158483062.
  5. ↑ Joseph, Anto T. (8 December 2007). "Gautam Adani: Another Gujarati who made it big". The Economic Times. Retrieved 23 May 2022.
  6. ↑ Joseph, Anto T. (8 December 2007). "Gautam Adani: Another Gujarati who made it big". The Economic Times. Retrieved 23 May 2022.
  7. ↑ Sazonov, Alexander; Shrivastava, Bhuma; Sanjai, P R (13 December 2020). "Billionaire Survivor of Ransom, Terror Attacks Now Rivals Ambani". Bloomberg.com. Retrieved 13 December 2020.
  8. ↑ Shukla, Nimish (28 November 2008). "Gautam Adani felt safe in Taj toilet". The Times of India. Retrieved 13 December 2020.
  9. ↑ Karmali, Naazneen. "India's 10 Richest Billionaires 2021". Forbes. Retrieved 2021-07-01.

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