Gautam Adani
$66.8B
Born
Jun 24, 1962
Age
63
Source of Wealth
Infrastructure, commodities
Residence
Ahmedabad,
Citizenship
India
Marital Status
Married
Children
2
Education
- Gautam Adani is chairman of the Ahmedabad-headquartered Adani Group, with interests in ports, airports, power generation and transmission, and green energy, among others.
- The Adani Group, which began in 1988 as a commodities trading firm, expanded through acquisitions and with the support of Indian Prime Minister Narendra Modi.
- Adani is India's biggest airport operator and also controls Mundra Port, India's largest, in his home state of Gujarat.
- In January 2023, U.S. firm Hindenburg Research accused Adani and his companies of financial fraud and stock market manipulation. The Adani Group has denied any wrongdoing.
- Adani group's shares, which had plummeted following the Hindenburg report, recovered substantially after India's Supreme Court ruled in the group's favour a year later.
- Adani owns Abbot Point, a controversial coal mining project in Australia, whose Carmichael coal mine is billed as one of the world's largest.
- Adani became India's second-largest cement producer in 2022, after acquiring Swiss firm Holcim's Indian assets for $10.5 billion.
- Adani says he wants to be the world's largest producer of green energy and will invest up to $70 billion on renewable energy projects.
- A high school dropout, Adani spurned his father's textile shop to start his own commodities trading firm.
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