What is Gautam Adani Net Worth 2022? How He Became Third Richest Person in the World?

This article will address the age, relationship status, family, and net worth of the renowned industrialist and infrastructure developer, Gautam Adani. Continue reading to the conclusion for further details.

As per Forbes, With a net worth of 152.2 billion USD as of 17 September 2022, he is the richest person in India and the third richest person in the world.

Who is Gautam Adani?

Gautam Shantilal Adani is an Indian billionaire industrialist. He is the chairman and founder of Adani Group, India-based port construction and operations multinational company headquartered in Ahmedabad.

Adani is also president of the Adani Foundation, which is run mostly by his wife, Priti Adani. With a net worth of 152.2 billion USD as of 17 September 2022, he is the richest person in India and Asia and the third richest person in the world, behind only Elon Musk.

Name Gautam Adani
Birth 24 June 1962
Profession Industrialist and Infrastructure Developer
Nationality Indian
Net Worth $152.2 billion USD
Gender Male
Relationship With Priti Adani

Early Years of Gautam Adani

Adani was born on 24 June 1962 in Ahmedabad, Gujarat, to Gujarati Jain parents Shantilal Adani (father) and Shantaben Adani (mother). His parents relocated from the town of Tharad in northern Gujarat, where he has seven siblings. His father was a modest textile dealer.

He attended the Ahmedabad school Sheth Chimanlal Nagindas Vidyalaya. He studied at Gujarat University for a bachelor’s degree in commerce but dropped out after the second year. Adani was enthusiastic about the business, but not his father’s textile company.

What is the Net Worth of Gautam Adani?

Indian entrepreneur Gautam Adani has a net worth of $152.2 billion. Indian industrialist and philanthropist Gautam Adani is well known as the founder and chairman of the international company Adani Group. Moreover, he serves as the president of the non-profit Adani Foundation.gautam adani net worth 2022

Gautam Adani has at times been the wealthiest individual in Asia and one of the wealthiest individuals in the world. At the beginning of 2022, Gautam’s net worth was $75 billion, placing him approximately thirteenth on the list of the world’s richest people.

In the subsequent five months, Gautam’s net worth grew by $50 billion, much more than any other billionaire within the same time frame. On April 26, 2022, with a net worth of $125 billion, Gautam surpassed Warren Buffett as the fifth richest person in the world.

Career Beginnings of Gautam Adani

In 1978, Adani relocated to Mumbai to work for Mahendra Brothers as a diamond sorter. A few years later, his brother Mansukhbhai called him to oversee operations at the Ahmedabad plastics factory he had recently acquired.

Adani began his career in international trade with the import of PVC through this enterprise. He began importing raw polymers for small-scale companies in 1985.

Adani Group

Adani Group was created in 1988 as a commodity trading enterprise in cooperation with Adani Enterprises, its flagship company. A few years later, the firm developed its own port at Mundra to serve as a hub for its commercial activities.

Read More: What is the Revenue of Adani Group? How Much is Group’s Total Debt?

Indian economic liberalization in 1991 had a positive effect on Adani Group, which later expanded its operations to include textiles, metals, and agricultural products. In 1999, Adani Group began coal trading, marking the beginning of its second phase based on the development of big infrastructure assets including ports, power plants, ships, and mines.

In 2006, Adani Group entered the electricity generation industry. The firm operates in more than 50 countries worldwide and generates more than $15 billion annually.

Has Gautam Adani Become World’s 2nd Richest Man?

Gautam Adani, an Indian business magnate, is now the third richest person in the world. Forbes says that Adani is now the third richest person after Jeff Bezos of Amazon. Adani has a net worth of $152.2 billion right now. He is right before Elon Musk, the CEO of Tesla and SpaceX, who is worth $273.5 billion.

What Does Gautam Adani Do for a Living?

Gautam Adani wants to be the biggest producer of green energy in the world. He has said in the past that he will spend up to $70 billion on projects that use renewable energy.

Read More: Have a Look at the Gautam Adani Companies! How Much Revenue Generated by These Companies?

Stock exchange filings from March 2022 show that he owns 75% of Adani Enterprises, Adani Power, and Adani Transmissions. He also owns 37% of Adani Total Gas, 65% of Adani Ports and Special Economic Zone, and 61% of Adani Green Energy.

Personal Life of Gautam Adani

Priti is married to Gautam Adani. Karan Adani and Jeet Adani are their two sons. He is a member of the Jain International Trade Organization (JITO). In 1998, he was taken hostage and held for ransom, but he was freed before the money could be paid. During the 2008 attacks on Mumbai, he was staying at the Taj Mahal Palace Hotel.

Initiatives in Sports

In addition to its industrial businesses, Adani Group is involved in a number of sports-related endeavours. Among these is Garv Hai, a national program developed shortly prior to the 2016 Summer Olympics to encourage and promote Indian athletes.

gautam adani net worth 2022

The program focuses on the development of archery, boxing, wrestling, shooting, and athletics when it is reintroduced in 2020 and 2022. During the program’s initial run, boxer Shiva Thapa, wrestler Deepak Punia, and shot-putter Inderjeet Singh benefited.

Controversies Regarding Gautam Adani

Over the years, Adani Group has been in a number of controversies. When it started a $21.5 billion, 86,000-acre mining and rail project in Queensland, Australia’s Galilee Basin in 2014, environmentalists criticized it.

Due to the uproar, some international banks refused to fund the operation. In the end, though, the Australian government gave its approval. In another controversy, Rajesh Adani, the head of Adani Enterprises, was arrested in 2010 on charges of not paying taxes.

Seven years later, Indian customs said that Adani Group was moving millions of dollars from its books to overseas tax havens owned by the Adani family. One of Adani’s brothers owned an offshore company in Mauritius. Adani was also accused of secretly moving the money through a “shell company” in Dubai.

Frequently Asked Questions

Who is the Richest Person in India?

Gautam Adani was for a short time the second richest person in the world. He is now the richest person in India with a net worth of $152.2 billion USD.

Who Has the Most Money in the Whole World?

Elon Musk with a net worth of $264 billion is the richest person in the world. Elon Musk is trying to change the way people get around on Earth and in space by making electric cars for Tesla and rockets for SpaceX. Tesla, Elon Musk’s electric car company, is now worth nearly $800 billion. Musk’s net worth is $264 billion at the moment.

Who is the Most Wealthy Indian Actor?

With a net worth of $700 million, Shah Rukh Khan is the most wealthy actor in India.

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