On Tuesday, August 30, Indian billionaire Gautam Adani rose to the third-richest ranking in the world. The information is based on the most recent Bloomberg Billionaires Index. The chairman and CEO of Louis Vuitton, Bernard Arnault, has been surpassed by Adani. He now has a net worth of $137 billion. His presence in the Bloomberg Billionaires Index’s top three makes him the first Asian to do so. Mukesh Ambani, Chief of Reliance, is ranked eleventh in the index and is the second-richest person in India.
About Gautam Adani
Gautam Adani is an Indian industrialist and billionaire. He is the Adani Group’s chairman and founder. It is a multinational company with operations in India’s port and base in Ahmedabad. Additionally, Adani serves as the head of the Adani Foundation, which is mostly run by his wife, Priti Adani. Shantilal and Shantaben Adani welcomed Adani into the world on June 24, 1962, in Ahmedabad, Gujarat. He belongs to a Jain family. His father ran a little business selling textiles.
Adani attended the Ahmedabad school Sheth Chimanlal Nagindas Vidyalaya for his education. He enrolled at Gujarat University to pursue a bachelor’s in commerce but left after the first year. Adani loved the business but didn’t like his father’s textile company. The chairman of the Adani Group, a conglomerate of several businesses, is Gautam Adani. He has interests in the industry through the enterprises that generate thermal electricity, such as Mundra Port Special Economic Zone Limited.
Gautam Adani’s Journey
Adani relocated to Mumbai in 1978 while still a teen to work as a diamond sorter for Mahendra Brothers. His older brother Mahasukhbhai Adani purchased a plastics manufacturing facility in Ahmedabad in 1981. He was invited to take charge of the operation. This business ended up serving as Adani’s entry point into international trade via polyvinyl chloride (PVC) imports. Adani is a founder of Adani Exports, presently known as Adani Enterprises. It serves as the Adani Group’s holding company. The corporation first traded in agricultural and energy-related commodities. Later, his company benefited from the economic liberalization initiatives. He began growing his company by selling metals, textiles, and agricultural items.
You may have heard that Gautam Adani wants to build the largest thermal coal mine in the world in Queensland. For this endeavor, he has already obtained funds. With the help of a loan from the Australian government, Adani plans to construct it. Gautam Adani turned to the Indian infrastructure market after a successful career in the commodity trading industry. He also rose to fame as a popular philanthropist who supported healthcare and education. He participated in global disaster relief initiatives. His business has worked on numerous significant initiatives, including India’s biggest water dam, first private port, and biggest power plant. Gautam Adani is currently the richest person in India and the third richest person in the world.
Prime Minister Narendra Modi and Gautam Adani have long been each other’s supporters. They had been friends for more than ten years because they shared the same ideas and viewpoints. He is one of the few successful Indians who don’t even have a college degree. In 1998, Gautam Adani was a hostage for ransom. He was also present at the Taj Hotel in 2008 when the Mumbai attacks took place.