Gautam Adani Biography, Age, Networth & more

By | June 18, 2021

Name : Gautam Adani.
Date of birth: 24.06.1962 Ahmedabad, India

Gautam Adani is ranked twenty-first in the list of the richest people in the world according to Forbes magazine. His fortune is estimated at $ 56 billion. Learn More about Gautam Adani Biography, Age, Networth & more

The Adani family was quite large (Gautam has seven brothers and sisters). Life in their hometown became unbearably difficult and Adani’s parents decided to move to the northern state of Gujarat. Gautam Adani was born in the maternity hospital of the city of Ahmedabad on June 24, 1962,.  Gautam studies in schools in Ahmedabad. After studying, Adani went to work in Mumbai with only a few hundred rupees in his pocket. In Mumbai, he took a job as a diamond sorter at Mahindra Brothers. After working in this enterprise for 2 years, Gautam started his own brokerage business, from his saving of 100k Rupees.
A year later, in 1981, his older brother bought a plastics business and asked Gautam to be the manager. Thus, Adani embarked on a path leading him to big business. 

Business Tycoon

Gautam Adani subsequently took up real estate and began investing in 1998 in the construction of Mundra Port. The Indian tycoon is married to Priti Adani. She is a dentist by training and is currently the managing board member of the Adani company. They have two sons – Karan and Jeet. Karan, now twenty years old, received his Master of Management Economics from Purdue University, USA. The youngest son – Jeet – is now only ten years old. Gautam Adani owns two private jets, the Beechcraft and the Hawker, acquired in 2005 and 2007, respectively. He is fond of yoga.
In 2007, Gautam Adani added $ 4.3 billion to his personal fortune – Adani’s Mudra Port and Special Economic Zone more than doubled on the first day of trading in Mumbai, increasing the value of his family’s 81.3% stake to $ 7.9 billion.

Gautam Adani lost billions of dollars in three days

Indian billionaire and entrepreneur Gautam Adani, one of the richest people in the world, has lost more money since the beginning of the week than any other person on the planet,

The businessman’s personal fortune fell by about $ 9 billion in three days due to the fall in the share price of his company, Adani Group. By the close of exchange trading on June 16, it amounted to $ 67.6 billion, while on June 17 the group’s securities continued to fall in price.

The sharp drop began on June 14th. The local publication The Economic Times reported that India’s national equity depository froze the accounts of three funds registered in Mauritius due to a lack of information about their owners. The main part of the assets of these funds is the shares of Adani companies.

In recent years, Adani, whose businesses operate in the mining and energy sectors, have also decided to invest in airports, data centers, renewable energy, and the defense industry. 

Even this month, Adani’s fortune reached 80 billion. The Indian entrepreneur remains the 15th richest person on the planet after falling stock prices this week,

Amazon founder Jeff Bezos regained the first line in the rating of billionaires on June 11, replacing from this position the head of the LVMH fashion house Bernard Arnault, who held out in the leadership for about two weeks. At the same time, earlier in June, there was evidence that Bezos, like some other richest people in the United States, avoided paying federal income taxes for several years.